Michael Johnston: “Our sales tax returns have gone to 0% growth.”

“But net they're about a 2, $3 million difference. That is not the creation of a $200 million hole. This hole is a function of flattening revenue. Our sales tax returns have gone to 0% growth. That's true in cities and countries around cities around the country. You'll see blue, blue states, red states, blue cities, red cities, many of them billion, 2 billion, $3 billion deficit.” (00:48–00:51)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.