Patrick Testin: “Much of this [surplus] is one-time money due to increases in…”

“Because we find ourselves in a position where the state is looking at a roughly two and a half billion dollar surplus. Much of this [surplus] is one-time money due to increases in the capital gains tax and others. But we also recognize that a lot of individuals throughout the entire state, when they got the property tax bills in December, there are some significant sticker shock and for a number of different reasons.” (15:57–16:04)

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.