John Whitmire: “They had $30 billion surplus when they started in January.”

“They've always depended on ad valorem taxes as a primary source. It's so unpopular. So they're lowering or increasing the exemptions because they've got an oil surplus. You know, They had $30 billion surplus when they started in January. Boy, when that fund is depleted and if the oil revenue drops, they're in a hell of a mess. But you're not there anymore. That's not your worry anymore.” (23:40–23:44)

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