Revenue generated from the annual Parcel Tax will balance the Town's annual budget and provide sufficient funds to finance the needs of the Town's necessary capital projects. The Parcel Tax has been in affect for many years and is up for renewal for another four years on November 5th. It is on the ballot as Measure X. I support it 100% because not passing it will jeopardize the completion of many necessary capital projects. It will also provide financial stability for Atherton. If for any reason the tax is deemed unnecessary or it can be reduced partially, the Town Council has the power each year to do so.