I started calling around, both in my district and across the state. It turns out this is a statewide problem and this is a national problem. And it's the same story. It is a single private equity company that has come in and consolidated almost half of that manufacturing sector, tripling the price, doubling the weight cost. And fire trucks are not an optional expense for a local government. I know a lot of folks have been talking to me recently about the fact that property taxes are going up and they're really unaffordable. (56:18–56:27)
CLAIM
Asserts that a single private equity company has consolidated nearly half of [the fire truck manufacturing sector], tripling prices and doubling weight costs.
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.
