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Revenue Outlook Indian River County has experienced relatively solid revenue growth over the last year or two. New construction activity has increased from very low levels during the downturn. For example, Half-Cent Sales Tax is increasing $403,076 or 5.0%, Gas taxes are also increasing by $290,000 or 5.3% overall. State Shared Revenues are expected to increase by$94,418 or 3.1%. Building permit revenues are expected to increase $295,133 or 14.0%. Other revenues are decreasing. Interest earnings are decreasing by $92,884 or (14.6%). ALS Charges are expected to decrease by $150,000 or (2.8%) next year. Proposed Ad Valorem Tax Rates Based on the preliminary rolls and recommended expenses, the proposed millage rates are as follows: Table 2 Comparison of Proposed Millage Rates to Current 2014/2015 2015/2016 Millage Proposed Difference % Difference Fund Description Millage General Fund 3.3375 3.3602 0.0227 0.68% Land Acquisition 2004 0.3694 0.3315 (0.0379) (10.26%) Subtotal Countywide Millage 3.7069 3.6917 (0.0162) (0.41)% M.S.T.U. Fund 1.0733 1.0733 0.0000 0.00% Emergency Services District 1.9799 2.2551 0.2752 13.90% Aggregate Millage 5.5477 5.8001 0.2524 4.79% The countywide millage rate is decreasing slightly from the current year. A decrease of 10.3% in the Land Acquisition millage outweighs a slight 0.7% increase in the General Fund rate. The proposed rate for the M.S.T.U. Fund is the same as the current year. The Emergency Service District millage is increasing by 13.9% due largely to the addition of Fire Rescue Station 13. Staff proposes an increase in SWDD assessment rates. This is primarily related to increased recycling costs as part of the County's efforts to achieve a 75% recycling rate by 2020 as mandated by the State. Three new M.S.B.U.'S are planned for next year-two for street lighting and one for road resurfacing. No other increases in rates or fees are proposed for the upcoming fiscal year. 6