The independently produced Comprehensive Fiscal Analysis (CFA) of Alamo incorporation is a conservative document. It reports the audited, county-certified costs, including law enforcement, that Contra Costa County presently spends on services to Alamo and adjusts those costs for inflation for 10 years.
It adds the state-required 10 percent surplus and conservatively adds another 10 percent contingency to protect against any low cost projections.
It itemizes the revenues reported by the state and the county that would come to an incorporated Alamo, adjusting those revenues for inflation at a lower rate than the inflation rate for costs.
It shows healthy nest egg in all funds for the new town - general fund, roads fund, and parks fund - for 10 years.
It is the only state-managed CFA ever performed on a community looking to incorporate in Contra Costa County.
Contra Costa County, Alamo's present local government, recently disclosed a $1.7 billion unfunded liability for employee benefits. It must cut services and dramatically increase revenue-generating development in the unincorporated areas to struggle to stay fiscally afloat.
In the current economic climate, I will vote, for fiscal reasons, to incorporate Alamo.
Jeanne Tate, Alamo