|
1
|
understanding that assessable basis end income are not
|
|
2
|
variables any longer because assessable basis is the
|
|
3
|
past year's basis and income is two years past.
|
|
4
|
DR. SENSENBAUGH: That is a factor you know
|
|
5
|
when you make up the budget.
|
|
6
|
MR. CASE: So, those factors are fixed.
|
|
7
|
DR. EARHART: They are fixed, except in
|
|
8
|
relationship to the number of pupils. This makes a
|
|
9
|
difference in the calculation because the measures of
|
|
10
|
wealth times the 1.228 per cent establishes the State's
|
|
11
|
or the local's share. What we have been finding, even
|
|
12
|
in three years, two years of experience and one year of
|
|
13
|
budget, that the State's share has been declining
|
|
14
|
rather substantially. Therefore, this creates a differ
|
|
15
|
ence, too.
|
|
16
|
We don't always have these figures when we
|
|
17
|
make our calculations. We do not have the firmest
|
|
18
|
figures. This is one of the problems we have been
|
|
19
|
discovering, in terms of getting the base figure which
|
|
20
|
we have just alluded to. These figures should be
|
|
21
|
fixed, but they aren't always.
|
