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education does not mean that each county and city will receive its proportionate share of these funds. These shares are determined by a formula which has been revised from time to time. The last revision was in 1973 and I opposed the formula adopted at that time because I did not think it provided for an equitable distribution of public school funds.
One of the factors in the formula is a measure of the differences in local taxable wealth and the present formula measures this
98.8%