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[Music]
well<00:00:14.660> thank<00:00:14.869> you<00:00:15.020> all<00:00:15.199> for<00:00:15.410> coming<00:00:15.440> in<00:00:16.090> with
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well thank you all for coming in with
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well thank you all for coming in with
the<00:00:17.180> second-oldest<00:00:17.779> population<00:00:18.470> in<00:00:18.650> the
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the second-oldest population in the
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the second-oldest population in the
nation<00:00:19.690> 45%<00:00:20.690> of<00:00:20.870> the<00:00:20.990> mothers<00:00:21.350> are<00:00:21.560> either
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nation 45% of the mothers are either
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nation 45% of the mothers are either
retired<00:00:22.220> or<00:00:22.370> about<00:00:23.300> to<00:00:23.480> retire<00:00:24.010> as<00:00:25.010> we<00:00:25.370> know
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retired or about to retire as we know
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retired or about to retire as we know
many<00:00:26.240> of<00:00:26.420> them<00:00:26.600> do<00:00:26.900> so<00:00:27.140> elsewhere<00:00:27.740> I'm<00:00:28.580> sure
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many of them do so elsewhere I'm sure
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many of them do so elsewhere I'm sure
each<00:00:29.000> of<00:00:29.030> us<00:00:29.330> in<00:00:29.480> this<00:00:29.570> room<00:00:29.780> have<00:00:30.020> heard<00:00:30.200> from
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each of us in this room have heard from
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each of us in this room have heard from
people<00:00:30.650> who<00:00:30.980> tell<00:00:31.220> us<00:00:31.250> they<00:00:31.400> just<00:00:31.730> simply
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people who tell us they just simply
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people who tell us they just simply
cannot<00:00:32.870> afford<00:00:33.079> to<00:00:33.410> retire<00:00:33.649> here<00:00:34.250> in<00:00:34.370> Vermont
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cannot afford to retire here in Vermont
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cannot afford to retire here in Vermont
many<00:00:35.690> of<00:00:35.900> them<00:00:36.110> leave<00:00:36.320> the<00:00:36.590> state<00:00:36.920> and<00:00:37.610> those
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many of them leave the state and those
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many of them leave the state and those
who<00:00:38.090> stay<00:00:38.329> are<00:00:38.570> burdened<00:00:38.989> with<00:00:39.020> the
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who stay are burdened with the
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who stay are burdened with the
increasing<00:00:39.920> cost<00:00:40.160> of<00:00:40.370> living<00:00:40.700> while<00:00:41.450> on<00:00:41.630> fixed
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increasing cost of living while on fixed
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increasing cost of living while on fixed
income<00:00:42.520> they<00:00:43.520> deserve<00:00:43.970> as<00:00:44.300> much<00:00:44.329> as<00:00:44.630> anyone
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income they deserve as much as anyone
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income they deserve as much as anyone
else<00:00:45.110> to<00:00:45.890> live<00:00:46.100> with<00:00:46.340> the<00:00:46.430> dignity<00:00:46.640> of<00:00:47.180> a
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else to live with the dignity of a
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else to live with the dignity of a
retirement<00:00:47.780> they<00:00:48.620> turn<00:00:48.860> through<00:00:49.220> a<00:00:49.250> lifetime
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retirement they turn through a lifetime
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retirement they turn through a lifetime
of<00:00:50.030> work
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of work
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of work
how<00:00:51.680> did<00:00:51.829> once<00:00:52.040> made<00:00:52.280> us<00:00:52.430> so<00:00:52.640> uncompetitive
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how did once made us so uncompetitive
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how did once made us so uncompetitive
with<00:00:53.480> other<00:00:53.750> states<00:00:54.110> in<00:00:54.469> Vermont<00:00:55.160> was<00:00:55.460> only
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with other states in Vermont was only
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with other states in Vermont was only
one<00:00:56.329> on<00:00:56.719> the<00:00:56.930> handful<00:00:57.350> of<00:00:57.500> space<00:00:57.739> to<00:00:58.430> fully<00:00:58.730> tax
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one on the handful of space to fully tax
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one on the handful of space to fully tax
the<00:00:59.450> federal<00:00:59.660> taxable<00:01:00.290> portion<00:01:00.590> of<00:01:01.010> Social
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the federal taxable portion of Social
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the federal taxable portion of Social
Security<00:01:01.910> benefits<00:01:02.390> in<00:01:03.320> my<00:01:03.469> budget<00:01:03.710> address
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Security benefits in my budget address
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Security benefits in my budget address
in<00:01:04.399> January<00:01:04.579> I<00:01:05.239> asked<00:01:06.020> the<00:01:06.140> legislature<00:01:06.770> to
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in January I asked the legislature to
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in January I asked the legislature to
join<00:01:07.189> me<00:01:07.520> in<00:01:07.880> changing<00:01:08.359> that<00:01:08.569> then<00:01:09.409> very
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join me in changing that then very
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join me in changing that then very
pleased<00:01:10.249> to<00:01:10.459> be<00:01:10.609> here<00:01:10.639> today<00:01:11.090> to<00:01:11.479> report<00:01:11.719> that
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pleased to be here today to report that
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pleased to be here today to report that
together<00:01:12.560> we<00:01:13.459> did<00:01:13.729> just<00:01:14.329> that<00:01:15.429> working<00:01:16.429> with
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together we did just that working with
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together we did just that working with
the<00:01:16.639> legislature
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the legislature
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the legislature
AARP<00:01:18.139> and<00:01:18.740> many<00:01:19.009> others<00:01:19.340> we<00:01:19.700> were<00:01:19.850> able<00:01:20.119> to
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AARP and many others we were able to
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AARP and many others we were able to
eliminate<00:01:20.569> the<00:01:20.990> income<00:01:21.139> tax<00:01:21.709> on<00:01:21.950> Social
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eliminate the income tax on Social
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eliminate the income tax on Social
Security<00:01:22.369> benefits<00:01:23.179> for<00:01:23.240> low<00:01:23.539> and<00:01:23.779> moderate
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Security benefits for low and moderate
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Security benefits for low and moderate
income<00:01:24.200> Vermonters<00:01:25.209> mr.<00:01:26.209> Sampson<00:01:27.459> will<00:01:28.459> be
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income Vermonters mr. Sampson will be
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income Vermonters mr. Sampson will be
will<00:01:29.179> go<00:01:29.299> into<00:01:29.420> more<00:01:29.600> detail<00:01:30.079> shortly<00:01:30.459> but
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will go into more detail shortly but
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will go into more detail shortly but
this<00:01:31.639> new<00:01:31.880> exemption<00:01:32.479> saves<00:01:32.840> about<00:01:33.789> 37,000
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this new exemption saves about 37,000
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this new exemption saves about 37,000
low<00:01:35.060> and<00:01:35.389> moderate<00:01:35.749> income<00:01:35.840> from
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low and moderate income from
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low and moderate income from
about<00:01:36.910> five<00:01:37.180> million<00:01:37.510> dollars<00:01:38.110> this<00:01:38.470> year<00:01:38.640> and
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about five million dollars this year and
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about five million dollars this year and
that<00:01:39.790> will<00:01:39.880> continue<00:01:40.390> to<00:01:40.630> grow<00:01:40.980> for<00:01:41.980> folks<00:01:42.250> on
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that will continue to grow for folks on
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that will continue to grow for folks on
the<00:01:42.580> fixed<00:01:42.880> income<00:01:43.030> these<00:01:43.690> savings<00:01:44.080> each<00:01:44.440> year
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the fixed income these savings each year
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the fixed income these savings each year
will<00:01:45.130> make<00:01:45.550> a<00:01:45.580> difference<00:01:46.060> but<00:01:46.840> we<00:01:46.900> have<00:01:47.140> more
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will make a difference but we have more
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will make a difference but we have more
work<00:01:47.650> to<00:01:47.710> do<00:01:48.040> but<00:01:48.250> to<00:01:48.430> seek<00:01:48.670> tax<00:01:49.000> relief<00:01:49.390> and
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work to do but to seek tax relief and
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work to do but to seek tax relief and
make<00:01:49.780> per<00:01:49.990> month<00:01:50.200> more<00:01:50.380> affordable<00:01:50.920> for
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make per month more affordable for
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make per month more affordable for
retirees<00:01:51.760> and<00:01:52.030> all<00:01:52.150> Vermonters
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retirees and all Vermonters
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retirees and all Vermonters
I<00:01:52.960> want<00:01:53.860> to<00:01:53.950> thank<00:01:54.100> administration<00:01:54.940> secretary
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I want to thank administration secretary
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I want to thank administration secretary
Suzanne<00:01:55.810> yeah
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Suzanne yeah
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Suzanne yeah
finally<00:01:56.920> s<00:01:57.040> Commissioner<00:01:57.550> Adam<00:01:57.730> precedent<00:01:58.420> in
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finally s Commissioner Adam precedent in
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finally s Commissioner Adam precedent in
Commissioner<00:01:59.380> Samson<00:01:59.920> and<00:02:00.070> their<00:02:00.250> entire
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Commissioner Samson and their entire
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Commissioner Samson and their entire
team<00:02:00.940> for<00:02:01.690> their<00:02:01.810> artwork<00:02:02.290> I<00:02:02.620> also<00:02:03.400> want<00:02:03.640> to
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team for their artwork I also want to
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team for their artwork I also want to
thank<00:02:03.850> the<00:02:04.030> legislature<00:02:04.690> the<00:02:05.140> House<00:02:05.350> Ways<00:02:05.680> and
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thank the legislature the House Ways and
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thank the legislature the House Ways and
Means<00:02:06.070> the<00:02:06.490> Senate<00:02:06.880> Finance<00:02:07.060> Committee<00:02:07.470> for
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Means the Senate Finance Committee for
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Means the Senate Finance Committee for
their<00:02:08.649> work<00:02:08.920> to<00:02:08.950> strengthen<00:02:09.730> my<00:02:09.940> original
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their work to strengthen my original
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their work to strengthen my original
proposal<00:02:10.620> so<00:02:11.620> we<00:02:11.770> can<00:02:11.920> implement<00:02:12.310> a<00:02:12.670> full
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proposal so we can implement a full
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proposal so we can implement a full
exemption
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exemption
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exemption
for<00:02:14.230> some<00:02:14.620> this<00:02:15.130> year<00:02:15.450> that<00:02:16.450> pleased<00:02:16.840> to<00:02:17.560> have
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for some this year that pleased to have
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for some this year that pleased to have
here<00:02:18.100> today<00:02:18.600> senator<00:02:19.600> McDonald<00:02:20.410> and<00:02:20.620> Senator
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here today senator McDonald and Senator
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here today senator McDonald and Senator
Suzie<00:02:21.670> as<00:02:22.210> well<00:02:22.540> as<00:02:22.720> representatives<00:02:22.930> against
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Suzie as well as representatives against
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Suzie as well as representatives against
Allah<00:02:23.980> fazer<00:02:24.400> mikvah<00:02:25.210> Sullivan<00:02:26.140> Turner<00:02:26.410> right
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Allah fazer mikvah Sullivan Turner right
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Allah fazer mikvah Sullivan Turner right
Myers<00:02:27.760> is<00:02:28.180> shot<00:02:28.510> here<00:02:28.990> today<00:02:29.380> did<00:02:29.890> I<00:02:29.980> miss<00:02:30.190> it
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Myers is shot here today did I miss it
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Myers is shot here today did I miss it
great<00:02:32.830> and<00:02:33.670> to<00:02:33.940> AARP<00:02:34.390> we're<00:02:35.380> pleased<00:02:35.650> to<00:02:35.770> have
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great and to AARP we're pleased to have
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great and to AARP we're pleased to have
great<00:02:36.340> Greg<00:02:36.880> Marshall<00:02:37.420> Marshall<00:02:38.380> Dunn<00:02:38.860> and
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great Greg Marshall Marshall Dunn and
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great Greg Marshall Marshall Dunn and
his<00:02:39.400> colleagues<00:02:40.030> here<00:02:40.300> as<00:02:40.420> well<00:02:40.660> thank<00:02:41.650> you
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his colleagues here as well thank you
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his colleagues here as well thank you
for<00:02:42.010> your<00:02:42.100> support<00:02:42.400> and<00:02:42.970> for<00:02:43.420> ensuring<00:02:43.570> do<00:02:44.140> you
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for your support and for ensuring do you
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for your support and for ensuring do you
understand<00:02:44.709> the<00:02:45.190> impact<00:02:45.670> with<00:02:45.850> this<00:02:46.000> task<00:02:46.330> on
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understand the impact with this task on
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understand the impact with this task on
your<00:02:46.750> members<00:02:47.730> while<00:02:48.730> we<00:02:48.940> have<00:02:49.120> much<00:02:49.600> more
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your members while we have much more
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your members while we have much more
work<00:02:49.930> to<00:02:50.470> do<00:02:50.890> this<00:02:51.610> really<00:02:51.910> coupled<00:02:52.810> with<00:02:52.959> a
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work to do this really coupled with a
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work to do this really coupled with a
working<00:02:53.530> family<00:02:53.800> taxpayer<00:02:54.459> protection<00:02:54.970> act
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working family taxpayer protection act
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working family taxpayer protection act
provided<00:02:55.750> 30<00:02:56.020> million<00:02:56.590> dollars<00:02:56.980> in<00:02:57.130> income
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provided 30 million dollars in income
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provided 30 million dollars in income
tax<00:02:57.670> relief<00:02:58.410> additionally<00:02:59.410> we<00:03:00.130> insure<00:03:01.090> two
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tax relief additionally we insure two
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tax relief additionally we insure two
consecutive<00:03:01.959> years<00:03:02.200> without<00:03:02.920> raising<00:03:03.250> a
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consecutive years without raising a
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consecutive years without raising a
single<00:03:03.850> tax<00:03:04.060> or<00:03:04.270> fee<00:03:04.300> in<00:03:05.050> the<00:03:05.260> general<00:03:05.620> fund
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single tax or fee in the general fund
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single tax or fee in the general fund
and<00:03:06.010> love<00:03:06.520> property<00:03:07.209> tax<00:03:07.510> rates<00:03:07.989> for
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and love property tax rates for
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and love property tax rates for
residential<00:03:08.980> payers<00:03:09.900> with<00:03:10.900> that<00:03:11.200> we<00:03:11.950> were
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residential payers with that we were
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residential payers with that we were
able<00:03:12.430> to<00:03:12.640> take<00:03:12.940> a<00:03:12.970> critical<00:03:13.480> step<00:03:13.780> to<00:03:14.290> helping
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able to take a