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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 2021/22 through 2025/26. 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 4.85% over the next five fiscal years, from $31,541,633 in FY 2021/22 to
<br />$33,071,887 in FY 2025/26.
<br />For potable water and sanitary sewer, earmarked revenue is expected to increase by 10.38% over the
<br />next five fiscal years, from $47,598,479 in FY 2021/22 to $52,539,000 in FY 2025/26. Over the next
<br />five years, earmarked revenue for solid waste is expected to increase by 10.38% from $19,375,997 in
<br />FY 2021/22 to $21,388,000 in FY 2025/26.
<br />Table 6.8: Earmarked Projected Revenue by Comprehensive Plan Element
<br />Transportation
<br />Potable
<br />Constitution
<br />County
<br />Traffic
<br />1 cent
<br />Interest on
<br />Fiscal
<br />Year
<br />Water &
<br />Sanitary
<br />Solid Waste
<br />Opttionion * as
<br />Tax
<br />al Gas Tax
<br />Gas Tax
<br />Impact Fee
<br />optional
<br />Gas Tax
<br />Total
<br />Sewer
<br />sales tax
<br />2021/22
<br />$3,240,000
<br />$1,690,133
<br />$733,500
<br />$5,750,000
<br />$20,100,000
<br />$28,000
<br />$31,541,633
<br />$47,598,479
<br />$19,375,997
<br />2022/23
<br />$3,078,000
<br />$1,690,000
<br />$744,000
<br />$5,895,000
<br />$20,502,000
<br />$28,000
<br />$31,897,000
<br />$48,788000
<br />$19,890,000
<br />2023/24
<br />$2,924,100
<br />$1,690,000
<br />$734,000
<br />$5,982,000
<br />$20,912,040
<br />$28,000
<br />$32,270,140
<br />$50,008,000
<br />$20,357,000
<br />2024/25
<br />$2,777,895
<br />$1,690,000
<br />$734,000
<br />$6,102,000
<br />$21,330,281
<br />$28,000
<br />$32,662,176
<br />$51,258,000
<br />$20,866,000
<br />2025/26
<br />$2,639,000
<br />1 $1,690,000
<br />1 $734,000
<br />$6,224,000
<br />$21,756,886
<br />$28,000
<br />$33,071,887
<br />$52,539,000
<br />$21,388,000
<br />Source: Indian River County Office of Management and Budget.
<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 />2025/26. 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
<br />Adopted December _ 2021, Ordinance 2021 -
<br />Indian River County
<br />29
<br />229
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