Show t CITY j SCHOOL FINANCES BOARD BETWEEN CHARYBDIS BOA S AND THE DEEP SEA I Puzzled to Find Money to Run tho Schools for Full Term Hay Have to Close in April e The Finance committee of the Board Education is preparing the draft of abl for presentation to the Legislature Legisla-ture authorizing an increase in the tax levy for city public school purposes from GJ3 to Ife mills An Increase of 2 mills In the levy would bring in additional addi-tional revenue of about too but the I members of the board are of the opinion I opin-ion that they can get along with an I additional levy of 1 mill or 1JI mills and run tho schools for the full school I year of ten months To be safe however how-ever they want authority to make ft 2 I mills If necessary The problem immediately im-mediately confronting tho board however how-ever Is how to keep the schools open i for the full school year of ten months I this year with the funds on hand After i Af-ter paying the Lecher salaries for January there was left a balance of a I little over 100000 on hand exclusive of 15000 in the building lund to run the schools to buldlJ the middle of I June which would fall nearly 30000 short of the required amount The opinion of AttorneyGeneral Breeden la that the board may borrow money against the ypars taxes to carry on the schools for the full term Some other lawyers however take an oppo alte view and before any money cOuld bo obtalpcd against he present ytfars tnxeV It Is i thought the pblhTwouia fHavo to be passed upon by the Supreme court If the board cannot borrow thc th-c Ols wIlFhaye to be closed early In p April I It can they will probably be kept I open till June They certainly wilt bo kept open If the board can borrow and the Legislature raises the limit of taxation I it la 1 found howcVer that the Legislature will not mist the tax limit the schools will probably be closed In April even If it is decided that the board can borrow as to borrow bor-row without a raise in thc Imit of taxation tax-ation would only mean a shortage In the funds for the next school year equal to the amount borrowed The board would then be l placed In a position where it would have to choose between ahortcnIng the term this year and having hav-ing all this years taxes for next years expenses or a full term thIs year and n shortage In the treasury for next years expenses In tho way of solving the difficulty the board has got no further fur-ther than to hope that tho Legislature will raise tlo tax limit and the Supreme Su-preme legal court decide that to borrow Is |