How We Came Up with $120,000,000 of Lost Revenues That The 2016 Council Rejected

We used Measure G as of 2022 to establish our number. A 1/8 cent sales tax passed in 2018 with Measure G currently generates $1.2 Million per year.

A 1/2 cent sales tax would equal 4x the 1/8 cent sales

If Measure G produces $1.2M with 1/8 cent, then a 1/2 cent produces $4.8 M. In 25 years when it sunsets, it would have produced a total of $120 M not taking inflation into account which would raise the number well above $4.8 Million.

If we got $4.8M every year and we are running a $4M deficit as we show in the five year forecast, we would still have $800K left over (before inflation).

Voted for the tax: Leonardis and Sayoc
Voted against the tax: Jensen, Rennie and Spector

LGCA Convinces the Town Council to Make a $10.4M ADP- Eventually Saving the Town $18.7 Million

CALPER’s latest actuarial report for the Misc Pension Plan shows remarkable progress in reducing the unfunded pension liability. To refresh your memory as of June 30, 2019 the unfunded pension liability for the Misc Plan was $35.9m and had a … Continued