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Coffee uses pizza analogy to explain why Indian Harbour Beach can't match growth-driven revenue of neighboring cities
Summary
John W. Coffee compared IHB to growing Florida cities using a pizza analogy: built-out cities have a fixed tax base while growing cities expand theirs with new development, impact fees and utility revenues.
John W. Coffee said Indian Harbour Beach is a largely built-out city whose "pie" of taxable value doesn't expand much, meaning the city lacks the additional revenue streams that growing cities capture through new development and utilities.
"Cities that are growing ... their pies are growing larger," Coffee said, naming West Melbourne, Palm Bay, Melbourne and Titusville as examples. He noted growing cities can use new valuations to help lower tax rates, while built-out cities rely more heavily on property taxes and have fewer alternative revenue sources such as impact fees or utility charges.
