Show financial problems of school board by supt bupt L john nuttall citizens Cit izena will note in the minutes minute of I 1 the meeting mertin fr of the S school cho a I 1 board held february ard 3rd t that hat building finances were discussed often the public does doea not nt get an accurate understanding understand ing of the conditions condi liuna and therefore are not net always in sympathy with what is 19 being done oftentimes a discussion dischi aioo of these then problems problem in the press a and elsewhere will re sult suit in a more satisfactory solution ihan he any decision not helped by a public discussion to present thin thia matter as a problem is the purpose t this short article briefly the situation is as a follows A bond issue for 50 00 was wan sold to erect the cedar school building the building cost coat more than this his to meet this deficit and erect puddings Duil dined in para carowan parowan Pa rowan an epoch enoch summit modena Sa harra ra yale and midvalley Mid valley another bond issue anne of 00 was wan sold these them buildings were erected during a period of jf raising prices and uncertain con inions it was won soon evident thai ins the money was not sufficient before the he amount of this deficit could be accurately determined it became necessary to erect a twitting building at t for this building and same repairs at ronah nth the recent bonds amounting to were issued the balance of this fund fond was to be used to complete the pa lamenta ments menta on the other build i nga ings erected it appears that prices md and wages have established them belve and that the building will not cost coat much in excess of the price estimated at the time the a infract was let but the combined building program has resulted in ID an indebtedness of 27 these them are the conditions the problem as is shall more bonds bonda be issued cited or shall a special tax be levied or shall the school district carry the indebtedness until it cap can be paid from the present by law A corollary of this problem Is 13 the ad visibility if bonding in I 1 is decided on of the county e tong the needed building pg program for far all ail the schools IQ in the county in discussing the answers to these facts may be of value to the citizens if the indebtedness la is paid by a special tax this tax must be authorized by an election held on or before the first day of may the limn bein of such tax la in one per cent nt per year the assessed ewd valuation of the county for 1918 was slight li over A special tax of 3 6 mule mills would be required to pay off ft the indebtedness should it be advisable to pay for the building from the general fund it will take longer to do it th the tax limit for school purposes in iron county is 5 5 6 mills milla and enough to pay the interest and sioK iniz mail land this year we are levying 5 1 mills milla it IN ia possible therefore to increase the regular levy 4 of a mill this would yield approximately per year it is ia possible to reduce the operating expenses somewhat next year bemuse because text books will not have to be purchased so ao that the indebtedness indebted aesa could be paid off in ia thin thia we way in three or four year meanwhile the interest must be ba paid the third alternative is the bond the present bonded indebtedness indebted nesa of iron iran county school ia on our present assessed valuation the legal limit to bonded indebtedness debt delite edness driess is A serial bond issue at 5 per cost cent and redeemable at the rate of 1600 per year would require and added interest and sinking fund tax ot of less than 3 of a mill it maybe may be well for the citizens who may favor a bond issue to consider the needs for far buildings and the advisability of one large issue or several small issues at the present time the building at cedar and parowan carowan are not large go enough and the building at paragonah Para gonah is IB not satisfactory next year unless building is ig done at least two rooms moms will have haie to be rented in cedar city and two or three rooms will be needed in paro wan while wine some of the repair will have to ti be made in paragonah Para Pan gonah only to be abandoned as the new building is erect d A suggestive program world be a twelve room building in cebar to include an auditorium and swimming pool only six rooms and the auditorium and pool need be built now the addition of four dais class rooms to the parowan carowan build inc and the erection of a school house at Para Konah similar to the one now being erected at these then are only suggestions it to is hoped that the citizens will consider the matter and that ideas of the proper method will reach the board of education either through the press preas or by bv letter or by personal mil suggestions berate its meeting on march sol |