In last week’s paid political ad, Charlie Vascellaro reaches back into the town’s history and presents misleading information.

He mentions that we have come through the worst recession since the 1930s without a property tax, which he attributes primarily to the layoff of 86 employees. In fact, the number of employees went from 115 to 56 at present.

He stated that he believed the town “rainy day fund” was once about $6 million. Town Manager Grady Miller says, according to good financial practice, the current rainy day fund is perilously low. Keep in mind that we are 17 years into a 20-year expected life for the liner in Fountain Lake. Price to replace that is easily $3 million. Charlie also cites Cecil Yates’ 2008 anti-tax comments but does not mention that Yates voted for the tax initiative on Jan. 30.

One could hope Mr. Vascellaro might put his dislike of property taxes and his distrust of the town’s government aside and get familiar with the real facts concerning the town’s present long-term financial picture. A look forward, if you will.

The cost-cutting efforts since 2008 by the town have held off the threat of a shortfall but increasing costs and reduced shared funds from the State make the need for a reliable source of revenue imperative. The town’s website has excellent information about why we are in fact facing a deficit which, over 10 years, will reach a total of $64 million, or approximately $6.4 million per year.

The town council has made a pledge, which they feel is binding, regarding how the funds will be spent. The Chamber of Commerce has endorsed the need. The Times’ “Our Viewpoint” article discussed the annual budget and was supportive of the council's action. Save our town. Vote yes May 15.