Key Largo citizens should definitely give incorporation some serious thought. Monroe County has demonstrated that it is incapable of governing in a fair and competent manner. Key Largo citizens need to get the very best deal they can. Incorporation guarantees that a certain amount of their tax dollars remain under their control and in their community. Key Largo has demonstrated that it can provide competent, cost-effective service when it comes to wastewater and fire service. The per EDU** cost of the wastewater project is now $10,000 less than the Cudjoe Regional project. The cost of fire service is two-thirds less than the fire service provided by the county.
So what revenue sources are available? I went to the Loger database available at the Florida Department of Revenue’s website and I put together this spreadsheet:
It’s a snap shot of revenues for fiscal year 2013 – the latest available. Incorporated Key Largo’s revenues would probably be somewhat more than Marathon and Islamorada. Islamorada’s revenues for 2013 appear to be anomalous. In prior years they were roughly $20-$25 million. If Key Largo were to incorporate there are a few possible scenarios.
- Unincorporated Tavernier joins the remainder of Key Largo as an incorporated entity. The combined population would be about 14,000.
- Key Largo and unincorporated Tavernier incorporate separately. Key Largo’s population would be about 10,000. Tavernier’s population would be about 4,000.
- Key Largo incorporates without unincorporated Tavernier. Unincorporated Tavernier is annexed by the Villlage of Islamorada. The population of Islamorada would increase to about ten or eleven thousand.
I’ll take a more detailed look at each of the revenue sources in subsequent blog posts.
**An EDU (equivalent dwelling unit) is equal to one single family home in terms of water/wastewater use.