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Comprehensive Plan Capital Improvements Element
<br />Table 6.8 provides a summary of earmarked revenue forecasts by applicable comprehensive plan
<br />element for fiscal years 2020/21 through 2024/25. As shown in table 6.8, forecasted transportation
<br />revenues are broken down by their sources. Earmarked forecasted transportation revenues are
<br />expected to increase by 4.65% over the next five fiscal years, from $27,058,360 in FY 2020/21 to
<br />$28,316,590 in FY 2024/25.
<br />For potable water and sanitary sewer, earmarked revenue is expected to increase by 10.38% over the
<br />next five fiscal years, from $37,539,317 in FY 2020/21 to $41,437,000 in FY 2024/25. Over the next
<br />five years, earmarked revenue for solid waste is expected to increase by 10.38% from $17,926,067 in
<br />FY 2020/21 to $19,787,000 in FY 2024/25.
<br />Table 6.8: Earmarked Projected Revenue by Comprehensive Plan Element
<br />Transportation
<br />Potable
<br />Local
<br />Option Gas
<br />Constitution
<br />County
<br />Traffic
<br />I cent
<br />optional
<br />Interest on
<br />Total
<br />T
<br />Fiscal
<br />Year
<br />Water &
<br />Sanitary
<br />Solid Waste
<br />Tax
<br />al Gas Tax
<br />Gas Tax
<br />Impact Fee
<br />sales tax
<br />Gas Tax
<br />Sewer
<br />2020/21
<br />$3240,000
<br />$1,690,133
<br />$733,500
<br />$4,264,727
<br />$17,100,000
<br />$30,000
<br />$27,058,360
<br />$37,539,317
<br />$17,926,067
<br />2021/22
<br />$3,078,000
<br />$1,707,000
<br />$741,000
<br />$4,350,000
<br />$17,442,000
<br />$30,000
<br />$27,348,000
<br />$38,478,000
<br />$18,374,000
<br />2022/23
<br />$2,924,100
<br />$1,724,000
<br />$748,000
<br />$4,437,000
<br />$17,790,840
<br />$30,000
<br />$27,653,940
<br />$39,440,000
<br />$18,833,000
<br />2023/24
<br />$2,777,895
<br />$1,741,000
<br />$755,000
<br />$4,526,000
<br />$18,146,657
<br />$30,000
<br />$27,976,552
<br />$40,426,000
<br />$19,304,000
<br />2024/25
<br />$2,639,000
<br />$1,758,000 1
<br />$763,000
<br />$4,617;000
<br />$18,509,590
<br />$30,000
<br />$28,316,590
<br />$41,437,000 1
<br />$19,787,000
<br />• Tax Base, Assessment Ratio, Millage Rate
<br />Table 6.9 summarizes the county's tax base forecasts which are categorized by fund through FY
<br />2024/25. Overall, the countywide ad valorem tax base is the same as the general fund category
<br />identified in table 6.9.
<br />Community Development Department Indian River County
<br />Adopted December 1` 2020, Ordinance 2020-018 29
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