[BenIndy: Save next Tues. at 2pm to hear more about this report and share a comment before Solano’s Board of Supervisors. We are sharing more information about this and more soon.]

The initiative may lead to as much as 94,000 temporary and permanent jobs during the first and build-out phases, the county report says.

Solano NewsNet, by Matthew Keys, July 19, 2024

The Solano County Board of Supervisors will soon receive a preliminary economic impact report on the California Forever growth project known as the East Solano Plan, county officials confirmed to Solano NewsNet this week.

The impact report, set to be discussed during the Board of Supervisors meeting on Tuesday, says the plan put forward by California Forever will “create significant fiscal deficits” that will impact Solano County, including the Montezuma Fire Protection District, which provides fire services to unincorporated parts of the county between Fairfield and Rio Vista.

The first phase of the development project would create an estimated annual fiscal deficit of $5.9 million for Solano County and $6.5 million for the fire protection district, the county says in the report. The build-out phase will see the annual deficit rise to $103.1 million for Solano County and $88.8 million for the fire district.

To offset those deficits, Solano County would need to impose a tax of just under $2,000 per single-family home within the new development area, which it calls a “communities facility district.” For multifamily dwellings, the tax would be slightly under $1,000, the report projects.

Infrastructure costs associated with the East Solano Plan would top $6.4 billion for the first phase of the project and over $49 billion for the build-out phase if California Forever and its associates are not able to identify funding sources for that part of the East Solano Plan.

At least six new K-8 schools and two high schools will be needed in the development area, which will cost around $743 million to fund. During the build-out phase, the county estimates the cost of the eight schools will be $5.9 billion.

Read more at Solano NewsNet…

 

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