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Indian River County proposes $597.6 million FY2026 budget and sets proposed millage rates
Summary
County Administrator John Tkanic presented a $597.6 million all‑funds proposed budget for FY2026 and the Board of County Commissioners set the proposed millage rates at the July 9 workshop. The board maintained the general‑fund millage at 3.5475 mills but that rate is legally above the rollback rate and therefore is a proposed tax increase for TRIM
Indian River County Administrator John Tkanic presented the proposed FY2026 all‑funds budget of $597,623,132 at the Board of County Commissioners July 9 budget workshop, describing a set of fiscal pressures and modest revenue growth.
Tkanic opened the presentation by warning of slowing economic indicators and changes at the state level that could affect local revenues. He said the county faces weakening building permit revenues and lower impact fee collections and noted an 8.8% increase in the countywide tax roll (8.7% in unincorporated areas) that yields an estimated $8.68 million in new ad valorem revenue for the general fund.
Key figures in the proposed budget included:…
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