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Thank you very much.
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THE CHAIRMAN: Just to clear up one point in
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the record, so that it doesn't appear that I am completely
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cuckoo, Mr. Rover, I call your attention to Pages 199 and
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200 of the record in the hearing before the Coicaittee on
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June 9, at which time Dr. Sensenbaugh, Mr. Perkins, the
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budget analyst, and I were engaging in a three-way conver-
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sation, and the record reads as follows:
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The Chairman: In other words, your minimum
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program is figured at $340 times the number of students
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in the County? Dr. Sensenbaugh; Right. If you don't
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moke that 1.228, the State pays the difference. In other
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words, suppose 1.228 brings Frederick County to $150. Then
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what is left over, the State will pay. The Chairman:
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Don't you take into account not only the assessable basis
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but also income? Mr. Perkins : Income, yes. The Chair-
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man: How does that work into it? Dr. Sensenbaugh: We
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are just using a seasonable basis now. That is what Cooper
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Hughes -- Mr. Perkins: That was proposed in Cooper-Hughes
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yes. It is not income . The Chairman: It is essentially
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the old equalization program. Dr. Sensenbaugh: Substan-
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