1

which are not exactly germane.

2

So, at the outset, it will be seen that Dr.

3

Sensenbaugh stated for the record that the figures can

4

be refined by the Budget Bureau. Now, what figures

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were we talking about at that particular time were the

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input of pupil population into the .formula, because

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that is really the only figure which can be refined,

8

as I understand it. The assessable basis is taken from

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the last year's basis; hence, it is fixed. Income is

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taken from two years past; hence, it is fixed.

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Of course, the 1.228 is fixed, so that the

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only thing that is a variable in this whole equation

13

is the pupil projection, and it was those figures that

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Dr. Sensenbaugh had in mind.

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Now, again, beginning at Page 201 of the

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transcript, down in the middle of the page, at Line 9,

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the Committee will see Dr. Sensenbaugh said, and I

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am quoting:

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"That's right. It's $340 times the amount

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of pupils, that's the whole thing, and 1.228 on the

21

tax rate."