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Page 2 <br /> <br />• We encourage you to state how long the City expects any measure approved by the voters <br />to remain in effect before it is reviewed for future revisions. <br />• If the new tax generates a surplus beyond what is needed to close the structural budget <br />gap, the City would be wise to hold the excess revenue in reserve to offset any future <br />deficits. <br />• Carefully consider the risk that an aggressive tax would have on business recruitment and <br />retention, and on the prospects for a ballot measure passing. <br />• As a member and a partner with the Chamber of San Mateo County, please consider their <br />recommendations to the Business License Tax proposal. <br /> <br />Sincerely, <br /> <br /> <br />Pat Mapelli, Land Use Manager – Graniterock <br /> <br /> <br />cc: Melissa Stevenson Diaz, City Manager <br /> Rich Sacher, EVP - Graniterock <br /> <br />