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industry. Residents can enjoy these resources at any of the County parks, the Sebastian Inlet State Park or the Pelican Island National Wildlife Refuge. While Indian River County was not immune to the economic effects of COVID-19, the County did experience some positive economic activity. Total property tax values increased from $18.6 billion in 2019 to $19.6 billion in 2020. The citrus industry saw an increase in production of 13.8% from 2.9 million boxes in 2019 to 3.3 million in 2020. As reported previously, the population increased by 2.51%. Indian River County also experienced some adverse economic data. While property tax values increased, construction activity decreased with 7.30% less building permits for new construction issued in 2020 over 2019. Additionally, while citrus production increased, acreage dedicated to citrus production decreased by 5% from 15,708 acres in 2019 to 14,990 acres in 2020. Lastly, even though the population increased, as indicated above, unemployment increased as well. This economic activity data for the County in fiscal year 2020 is further confirmation of the effects of the pandemic. Please see the Statistical Section schedules 6 and 17 for additional information. Long Term Financial Planning and Major Initiatives Chapter 163 Florida Statutes and Florida Administrative Code Rule 9J-5 requires each local government to have a Comprehensive Land Use Plan. An important part of this plan is the Capital Improvements Plan (CIP) which evaluates the need for public facilities in support of the Future Land Use Element, to estimate the costs of improvements for which local government has fiscal responsibility, to analyze the fiscal capacity of the local government to finance and construct improvements, and to adopt financial policies to guide the funding and construction of the improvements. The CIP is updated annually and encompasses a period of five years. Listed below are some major projects included in the current CIP along with the source of funding and estimated costs: ❖ 58th Avenue from North of 57th Street to 85th Street/CR 510 Full Depth Reclamation - The $7.3 million project consists of reconstructing the roadway utilizing full depth reclamation, milting and resurfacing, widening the existing shoulders to 5 feet, structural asphalt, surface asphalt, drainage improvements, waterline directional bore, utility adjustments, intersection improvements and signalization at 69th Street, signing and pavement markings. Funding is provided by a Florida Department of Transportation (FDOT) Small County Outreach Program (SCOP) grant, gas taxes and optional sales tax. ❖ 45th Street Beautification Project Phase II - The improvements include enclosing the Sub -lateral H Canal by culverting certain portions of the canal on the south side of 45th Street, adding a 6 -foot sidewalk and landscaping improvements. The $3.0 million project will be funded with gas taxes. iv