MARVIN MANDEL, Governor                        951

provisions of Section 232(14) of Article 81 of this Code, shall be
adjusted (up to 50 per cent, if below that ratio, or down to 56 per
cent, if above that ratio and not above 60 per cent); and such adjust-
ments shall apply only to those categories of property which are
locally assessed; and any estimated assessed valuation in excess of
60 per cent shall be included for the purpose of calculating State aid.

(6)    "Certificate" includes in Baltimore City an equivalent status
as determined by the State Department of Education.

(7)    "Net taxable income" shall be as certified by the Comptroller
of the Treasury for the second completed calendar year preceding
the school year for which the calculation is being made.

(8)    "Other current expenses" means all expenditures for public
education for pupils defined in paragraph (4) above, except salaries
of professional personnel, costs of pupil transportation, debt service,
capital outlay, or any other reimbursable costs or grants in aid that
may be excluded by the State Department of Education.

(b) Payment to be made to counties and Baltimore City annually;
calculation of State share.—For the school year 1967-68 and there-
after, the board of education of each county and the Mayor and
City Council of Baltimore shall be entitled to, and shall be paid, each
year in the manner and subject to the limitations hereinafter pro-
vided, an amount to be known as "State share of current expenses"
which shall be calculated as follows for each county and Baltimore
City.

(1)    Current Expense Cost to be Shared. The State shall share
in an adjusted expenditure for current expenses of $370 multiplied
by the number of pupils enrolled on September 30 of each year.

(2)    Adjustment for Increased Enrollment. An amount shall be
added to the product of (1) equal to $30 multiplied by an increase
in enrollment above September 30 of the preceding year. For fiscal
1967-68 only, there shall be added to the product of (1) an amount
equal to $30 multiplied by 50 per cent of total enrollment of kinder-
garten pupils enrolled as of September 30, 1967.

(3)    Adjustment for Prescribed Salaries and Staffing Level.—
The total amount of prescribed salaries for each subdivision, as re-
quired in Sections 112, 57 and 68 shall be calculated for all employed
professional staff members allowed under Section 68 (c). Any positive
difference between this amount and the product of 45 staff members
per 1,000 pupils enrolled, multiplied by $6,64.5, shall be added to the
product of current expense cost calculated under paragraph (1)
above for that subdivision and any negative difference shall be sub-
tracted.

In calculating the total amount of required prescribed salaries for
subdivisions which employ more professional staff members than the
allowed number, the number of allowed staff members shall be multi-
plied by the average p