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1
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Janet Hoffman has made whatever statement she is going
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to make, we adjourn and then come back at 1:30, let's say,
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and we take you then, if that is all right, because if
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we don't do that, we will have to break your hour and I
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would like to hear it altogether, because I know it is
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going to be very interesting. Go ahead.
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MRS. HOFFMAN: With respect to the school fund,
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I wanted to say that the change or the reversions, the
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9
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question of what happens with the money that isn't spent,
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that used to be such a tremendous problem when I was with
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the State. This has been largely obviated. The problem
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12
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has been largely negated by the change in the formula
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13
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which now rests, except for the one figure of population,
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14
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which now rests upon prior year data. So, one is dealing
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15
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with actual assessments that have occurred in the past
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and beginning with 1965, one is not having to estimate
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what the assessable basis is, so that the largest factor
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that was involved in all of the school reversions that I
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used to look at is no longer part of the picture, and I
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just thought I would remind you of that one change that
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was not commented on, and I think it may have escaped you
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