But they slipped one sentence into that bill that says that the amount of money the state can keep increases by 1%, compounding, compounding annually. So what that means is In 10 years, the state could keep about $1.3 billion. And in 30 years, the state can keep an additional $17 billion annually that should have been refunded back to the folks. (02:09–02:19)
CLAIM
Asserts that Proposition HH could allow the state to retain $1.3 billion in taxpayer refunds in 10 years.
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