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THF, CHAIRMAN: Mr. Comptroller, this is a
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joint meeting of the Committee on State Taxation and
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Finance and the Executive Committee of the Constitutional
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Convention. Members of both of these Committees ore here
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this morning, and the reporters to botli of those Com-
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mittees are here, Mr. Sachs and Mr. Power. Of course,
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Mr. Eney, the Chairman of the Commission, is also here.
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This meeting has been called to get your
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views on a number of issues, and I might say for myself,
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personally, nnd I am sure for every person who is here,
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that we are very grateful to you to give us the opportunit
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to talk to you and get your views in connection with this
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very important subject.
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The first thing that I would like to call to
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your attention is that the Commission has to dote approved
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a foirly elaborate budget provision for the new State
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Constitution, which provision isn't exactly the same as
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the current Section 52 of Article III of the Constitution,
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which, as you know, controls the present budget. We
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feel it has some innovations and some distinct improve-
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ments, but suffice it to say that what the amendment goes
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