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1
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the formula, and the Legislature wouldn't go for it. It
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2
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was still just a seasonable basis.
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3
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MR. RAVER: No,, it was in the Hughes Program
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4
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in 'fi4.
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5
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THE CHAIRMAN: That is what l.oth Sensenbaugh
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6
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and the budget analysts said. 1 have got their book. It
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7
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dossn't say anything about net taxable income.
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8
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MR. RAVER: I am sorry, it is in there. If
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9
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you look in your School Law, it is in there now. Instead
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10
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of the 87 cents, there is a factor of 1.228. It is a
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11
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factor now. It isn't any longer --
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12
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THE CHAIRMAN: What does that have to do with
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13
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net taxable income?
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14
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MX. RAVER: Because the local effort is measured
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15
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by 'a product of the net taxable income per family, and the
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16
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total assessable base of the county.
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17
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THE CHAIRMAN: I was under that impression, too.
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18
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I asked that question to Dr. Sensenbaugh or somebody at
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19
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the meeting, and they said very definitely that it v.'asn't
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20
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part of it.
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21
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MR. RAVER: That is definitely part of it.
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