OCR Text |
Show CITY OFFICIALS TO CUT DOWN BUDGET Trimming of the departmental budget to fit the retrenchment programme of the city will be begun by the city commission nest Monday morning at to o'cloek, when active work on the. year'H appropriations; will be undertaken. Drastic measures of! economy are foreshadowed in the o t ti- I tudc of the commission. I On Mayor Kerry's recommendation, the coinisston informally determined yestr- , lay to discontinue fire and theft Insur- ! a nee on city automobiles, with a result- j ant saving of about JifrO a year. Lla- bility insurance may also be discontinued. The practicHbibiy of arranging to hav? i the local banks underwrite. $ieifi,fif)0 worth of city horuN that will be due for refunding re-funding iv xt f':Il was discussed. Of the ?.".rni,'iO'i worth of bonds that will come due n'"t fall, the city will not be able to red in more than .f 1 oo, (miO. ft is t hoimht that a local market for the i $!'in,iiitO may be found through the as- I distance of the banks. |