Sustainability
| Prop. 10 Revenue Allocated to Contra Costa | |
YEAR |
ALLOCATION |
| 1998/1999 | $6,258,120 |
| 1999/2000 | $12,821,867 |
| 2000/2001 | $12,060,263 |
| 2001/2002 | $11,844,894 |
| 2002/2003 | $11,196,061 |
| 2003/2004 | $11,412.082 |
| 2004/2005 | $11,941,517 |
| 2005/2006 | $11,453,073 |
| 2006/2007 | $11,008,752 |
| 2007/2008 | $10,596,672 |
| 2008/2009 | $10,242,081 |
The California Department of Finance estimates that Proposition 10 revenues over the next three years and through 2020 will decline by an average of 2% each year. Because tobacco taxes are a declining revenue source, First 5 Contra Costa established a sustainability fund in 2002 recognizing the need to set aside funds to sustain programs in later years. The "later years" are here.
We have been drawing from the sustainability fund for the last two years as spending for programs exceeded revenue received. We will continue to draw from this fund over the next five years to ensure a consistent level of funding for our effective programs.
Because we planned ahead, we will be able to use most of our sustainability reserves to continue supporting local organizations and families at a time when First 5 funding is so urgently needed. Learn more about our funding and revenue projections in our 2010-2015 Strategic Plan.
