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per capita personal income to be used as a measure of a county’s ability to support public education.
The formula provides that a county’s local wealth will be measured by personal income to the extent of 40 percent, retail sales to the extent of 10 percent, and real estate values to the extent of 50 percent. This is a more realistic and equitable measure of local ability than we have had in the past.
Further, the House provided for a level of public school expenditures
96.3%