Show Utah Occupies es An Enviable j Position Regards Indebtedness I The December 1941 January Januar I February issue of ot the Utah Taxpayer Tay Tax I payer Is just off orr the press This put puL is devoted t to the bond hond situation in Utah and its Us jurisdictions Juris juris- Jurisdictions juris-I juris dictions diction it will be valuable to officials of- of taxpayers and citizens alike for for it Is the only place such information information mation is published I IA I A perusal of the tables reveals that with regard to indebtedness I Utah occupies an enviable position I I comp compared red with the country as a whole It Is noted that tho the per capita capita capi capi- ta ta debt of at Utah is less than half caPi 1 the tho I average of the tho Nation as a whole A Ai j I i condition worth worthy of acclaim is that public debt is decreasing y year nr by DY i I year It is shown that despite the large largo expenditures for public works work during the past decade our debt obligation obligation ob ob- has been reduced 17 pe per r I cent i I I I I I It Is 13 also noted that during the past pasts past's S 8 years ears Utah has decreased her herper her herper I per capita over 27 per cent and andis is lS now but 49 per cent of the average average aver er I age for the country This is a wholesome wholesome whole whole- some condition and the taxpayers I and officials alike may well be praised for tor such achievements to towards i II wards sound financing I The Tho publication shows that during during dur dur- I I I ing the past ten years the State I I debt has been decreased GO per cent I I an and d now it is but It Is further Indicated that county bonds have been cut per cent and that I 11 of the 29 counties are deb free fret I Attention Is called to the fact also that if H no more bonds are issued I j that six more counties will Join tho the within the An year yeal Im int- Important Important I advantage of paying as YOgo you YO go Is Indicated h by the fact that in debt debt free Creo counties the tho average c coun coun oun county ty levy ley is but mills Ills while the tho average for the remaining counties I staving Having bond obligations is 1121 mills This means that debt ridden I counties have levies 44 per cent I higher than debt free counties I The Taxpayer shows that with re reI regard regard re- re I gard to schools the tho trend Is als also I favorable It Is indicated that desPite despite despite des des- pite expenditures of during the past 10 years f for r capital Improvements the tho total debt has ha has has' I been reduced 25 per pel cent I According to the Taxpayer municipalities muni- muni alone have Increased their i debts This increase Is 25 per lieI cent j I But nut by wa way of explanation it Is noted that some 50 additional communities I ties have havo been Incorporated in that that I II I I time in order to obtain water wilier sva 1 I tern term I IA A communication soul sent taxing of or- officials calling attention to the Cost of Living tren trends s and il its bearing on increased spending is Included Tho The table there shows that up to September Septem Septem- ber bel of or this year such costs had In Increased increased In- In creased but S 8 per cent over the time 5 year ear average a 39 1935 InC and I that the present cost of living living- is Is' Is I I still l 14 1 pot per cent bellow tho the average of the It is advocated thai lUll in view of oC the tile stupendous defense requirements that extraordinary care bo be exercised by all officials In formulating their budgets In order that defense is not handicapped and i taxpayers survival I I |