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There are changes in the proposed millage rates for fiscal year 2020/21. Overall, the countywide milla <br />rate is decreasing by 6.75%; this is reflective of a proposed General Fund millage rate that is the same <br />the current rate, combined with the elimination of the Land Acquisition Bond millage of 0.2568 mills. <br />The proposed M.S.T.U. Fund millage rate remains unchanged at 1. 1506, while the Emergency Services <br />District millage is proposed at 2.3531 mills which is a 0.0124 or 0.52% decrease. <br />For illustrative purposes, the effect of the preceding proposed rates on a home with an assessed value of <br />$250,000 and a homestead exemption of $50,000 is shown in the following table. <br />Table 3 <br />Typical House Comparison — Proposed vs. Current <br />Proposed Millage Compared to Current <br />2019/2020 <br />Adopted <br />Millage <br />2020/2021 <br />Proposed <br />Millage <br />Increase <br />(Decrease) <br />Increase <br />(Decrease) <br />Taxable Value <br />$200,000 <br />$200,000 <br />$0.00 <br />0.00% <br />General Fund <br />$709.50 <br />$709.50 <br />$0.00 <br />0.00% <br />Land Acquisition 2004 <br />$51.36 <br />$0.00 <br />($51.36) <br />(100.00)% <br />Subtotal — Indian River Shores <br />$760.86 <br />$709.50 <br />($51.36) <br />(6.75)% <br />Emergency Services District <br />$473.10 <br />$470.62 <br />($2.48) <br />(0.52% <br />Subtotal -All Other Incorporated Areas <br />$1,233.96 <br />$1,180.12 <br />($53.84) <br />(4.36)% <br />M.S.T.U. Fund <br />$230.12 <br />$230.12 <br />$0.00 <br />0.00% <br />Total — Unincorporated Area <br />$1,464.08 <br />$1,410.24 <br />($53.84) <br />(3.68)% <br />Within the Solid Waste Fund, proposed residential assessment rates are increasing by $3.47 or 2.87% to <br />$124.37 per Equivalent Residential Unit. Commercial rates are increasing by $2.29 or 5.45% to $44.29 <br />per Waste Generation Unit (W.G.U). The proposed readiness -to -use fee is $27.42 per W.G.U., an <br />increase of $2.73 or 11.06% from last fiscal year. <br />As recommended in the Comprehensive Water, Wastewater, and Reclaimed Water Rate Study, an <br />annual CPI adjustment which is 1.5% for FY 2020/21 is being recommended in the Utilities Fund. In <br />addition, four Streetlighting District assessments are decreasing as a result of Florida Power & Light's <br />lower electric rates when compared to those of the City of Vero Beach. The Oceanside Street Paving <br />M.S.B.U. assessment of $415 per lot is scheduled- to sunset in FY 2020/21 as the five-year <br />implementation is now complete. <br />• <br />