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Revenue Outlook <br />The taxroll increase provides additional funding for the budget ($6.0 million total). The local economy <br />continues to recover from COVID-19, and most revenue streams are increasing from the reductions <br />experienced in 2020. The most significant revenue impacts are detailed below: <br />• Half Cent Sales Tax is increasing by $2,835,248, or 32.0% <br />• State Revenue Sharing is increasing by $551,565 or 17.6% <br />• Optional Sales Tax is increasing by $3,000,000 or 17.5% <br />• Gas taxes are remaining constant at $5,818,883 <br />• Tourist Taxes are increasing by $230,000 or 9.1 % <br />• Interest Income is decreasing by $117,415 or 12.7% <br />Staff continues to closely monitor these revenues most likely to be impacted by COVID-19 in order to <br />ensure budgets are conservatively estimated. <br />Proposed Ad Valorem Tax Rates and Fees <br />Based on the preliminary rolls and recommended expenses, the proposed millage rates are as follows: <br />Table 2 <br />Comparison of Adopted Millage Rates to Proposed <br />The FY 2021/22 proposed millage rates remain unchanged from the previous year's rates. The General <br />Fund proposed millage rate is 3.5475, the M.S.T.U. millage rate is proposed at 1.1506, and the <br />Emergency Services District proposed millage rate is 2.3531. The proposed Aggregate Millage rate is <br />increasing 0.2035 mills or 3.44% to 6.1226 mills. This specific rate is not paid by any taxpayer, but is <br />rather an average millage rate required to be shown for comparison purposes. <br />2020/2021 <br />2021/2022 <br />Fund Description <br />Adopted <br />Proposed <br />Difference <br />Difference <br />Millage <br />Millage <br />General Fund <br />3.5475 <br />3.5475 <br />0.0000 <br />0.00% <br />Subtotal Countywide <br />Millage <br />3.5475 <br />3.5475 <br />0.0000 <br />0.00% <br />MSTU Fund <br />1.1506 <br />1.1506 <br />0.0000 <br />0.00% <br />Emergency Services District <br />j 2.3531 <br />2.3531 <br />0.0000 <br />0.00% <br />Aggregate Milla a <br />1 6.11951 <br />6.1226 <br />0.2035 <br />3.44% <br />The FY 2021/22 proposed millage rates remain unchanged from the previous year's rates. The General <br />Fund proposed millage rate is 3.5475, the M.S.T.U. millage rate is proposed at 1.1506, and the <br />Emergency Services District proposed millage rate is 2.3531. The proposed Aggregate Millage rate is <br />increasing 0.2035 mills or 3.44% to 6.1226 mills. This specific rate is not paid by any taxpayer, but is <br />rather an average millage rate required to be shown for comparison purposes. <br />