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Assistant County Administrator Joe Baird stated that this program was first approved
<br />in 1989 for a period of 15 years which expires May 31, 2004. These taxes have funded
<br />many critical infrastructure projects such as the new jail, the new courthouse, the health
<br />department, roads, bridges, fire stations, park improvements, and expansion of the libraries.
<br />There are many advantages to this tax over other revenue streams in that everyone pays; it
<br />preserves the health of the economy; it reduces impact fees; and it funds projects without the
<br />necessity of issuing debt. For fiscal year 2001-02 the revenue estimates are $16,100,000;
<br />$11,000,000 to the County; $438,000 to the City of Fellsmere; $396,000 to the Town of
<br />Indian River Shores; $16,000 to the Town of Orchid; $1,859,000 to the City of Sebastian;
<br />and $2,000,000 to the City of Vero Beach.
<br />Mr. Baird continued that he had asked for each department's infrastructure needs and
<br />the total cost of those requests was in excess of $150,000,000. There were many important
<br />projects with merit but some had to be excluded. The proposed projects are submitted as
<br />follows for consideration:
<br />OPTIONAL SALES TAX PROGRAM FOR FIRST FIN, c YEARS
<br />Proposed Projects - October 1, 2004 to September 30, 2009
<br />MAY 21, 2002
<br />1st
<br />October
<br />Seat.
<br />Year
<br />1, 2004 to
<br />301 2005
<br />2nd
<br />October
<br />September
<br />Year
<br />1, 2005 to
<br />30, 2006
<br />3rd
<br />October
<br />Se.tember
<br />Year
<br />1, 2006 to
<br />30, 2007
<br />4th Year
<br />October 1, 2007 to
<br />September 30, 2008
<br />5th
<br />October
<br />September
<br />Year
<br />1, 2008 to
<br />30, 2009
<br />TOTAL
<br />Revenues:
<br />Cash Forward
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />Optional Sales Tax
<br />$11,500,000
<br />$11,615,000
<br />$11,731,150
<br />$11,848,462
<br />$11,941,947
<br />558,636,559
<br />Interest
<br />Income
<br />$575,000
<br />$560,000
<br />$550,000
<br />$475,000
<br />$425,000
<br />$2,585,000
<br />Total
<br />Revenues
<br />$12,075,000
<br />$12,175,000
<br />$12,281,150
<br />$12,323,462
<br />$12,366,947
<br />$61,221,559
<br />Expenditures:
<br />Administration Building
<br />54,500,000
<br />$1,500,000
<br />$0
<br />$0
<br />$0
<br />$6,000,000
<br />Beach Restoration Projects
<br />$0
<br />50
<br />$0
<br />$75,000
<br />$2,000,000
<br />$2,075,000
<br />Emergency Services
<br />$500,000
<br />$2,292,738
<br />$1,600,000
<br />$0
<br />$1,144,705
<br />$5,537,443
<br />General Services - Buildings
<br />$0
<br />$0
<br />$0
<br />SO
<br />$430,456
<br />$430,456
<br />Library Projects
<br />$0
<br />50
<br />$0
<br />$3,340,000
<br />$3,340,000
<br />$6,680,000
<br />Parks & Recreation Projects
<br />$600,000
<br />$0
<br />$2,900,000
<br />$1,050,000
<br />$0
<br />54,550,000
<br />Public Works
<br />$0
<br />$0
<br />$100,000
<br />$900,000
<br />$0
<br />51,000,000
<br />Road Improvements
<br />$1,150,000
<br />$3;150,000
<br />$5,240,000
<br />$4,710,000
<br />$3,050,000
<br />$17,300,000
<br />Sheriffs Department
<br />$4,158,400
<br />$5,658,400
<br />51,500,000
<br />$0
<br />$0
<br />511,316,800
<br />Stonnwater Projects
<br />$400,000
<br />$400,000
<br />$400,000
<br />$400,000
<br />$400,000
<br />$2,000,000
<br />S.W.D.D. - Landfill Projects
<br />$735,000
<br />$418,000
<br />5160,000
<br />$160,000
<br />$160,000
<br />$1,633,000
<br />Telecommunications
<br />$355,000
<br />$80,000
<br />$80,000
<br />$190,000
<br />$190,000
<br />$895,000
<br />Reserve
<br />for Contingencies
<br />$250,000
<br />$250,000
<br />$300,000
<br />$450,000
<br />$553,860
<br />$1,803,860
<br />Total
<br />Expenditures
<br />12,648,400
<br />13,749,138
<br />12,280,000
<br />11,275,000
<br />11,269,021
<br />61,221,559
<br />Di
<br />,erence
<br />573 400
<br />1 574 138
<br />1 150
<br />1 048 462
<br />1 097 926
<br />0
<br />MAY 21, 2002
<br />
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