Phil Scott: “If nothing changes, we'll see an estimated 18.5% increase in…”

“Unfortunately, the cost for our Pre K through 12 education system has already grown beyond the means of many. As you know, it's about to grow even more because If nothing changes, we'll see an estimated 18.5% increase in statewide property tax bills. And that's after we use a 37 million dollar education system fund surplus to buy rates. Then in total, this would be a quarter billion dollar tax increase on Vermonters.” (27:37–27:45)

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.