First 5 Merced adopts long-range financial plan tied to Prop 10 forecasts
The commission approved a long-range financial plan using a five-year projection of Proposition 10 revenue; staff said a $3 million FY25/26 services-and-supplies line includes grants and contracts and expects future declines as funding buckets evolve.
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First 5 Merced commissioners adopted a long-range financial plan after staff presented a five-year forecast of tobacco-related revenue and identified funding buckets for staffing, services, and evaluation. Executive Director Scott Waite said an assessment by Brad Williams of Captive Matrix informed the projection and that “revenue should stay the same” following recent tobacco policy changes. The commission approved the plan 6–0.
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