"Portola Valley used to be a community of middle-class people and working people. With the cost of building and the cost of land, it's becoming a community of millionaires and even multi-millionaires."
"The town is facing the possibility that it will go broke in 2028, and is looking for ways to cut costs and bring in more money."
"She said the current council didn't move fast enough to avert the crisis, and the next two years will be crucial for the town's finances."
"Taxes may be the only way to ensure that the town's services are sufficient. She favors the proposed real estate transfer tax because it only affects people selling their homes."
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