Show L S S S SS r S I Bonding the Taxpayers I 0 4 IF ANYONE questions the magnitude of o pub public b lic school operation in Salt Lake City let him look to the records of expenditures and bonded indebtedness ss Local taxpayers taxpayer are bonded for for their public school system This is more than 3 31 1 per c cent nt or about third one-third of the tot total l bonded indebtedness indebtedness edness of 1 for all an forty school chool districts of the state S Its It's interesting to taxpayers who want to toS toI I S know their money is going to scan the theS S list of district schools and make comparisons Next after Salt Lake City in having the largest larg larg- cst est bonded indebtedness come the f following lI districts Granite 1 Ogden third Carbon fourth Alpine S filth fifth And Arul trailing with the least 5 amount owed for their school systems are S South Summit Grand and nd Davis only Th The serious erious' question bonded i indebtedness debt debt- edness is whether or not th the future is being 5 S bur burdened ened for improvements that could be deferred de de- de- de The Time public wants efficient schools with modern buildings It is willing to beI be I taxed within reason reson to give th the children splendid splendid splendid did educational advantages However the Vp pay ay as you go plan should only be set aside for a program of b bonded indebtedness when the need is great Bo Bonding di lg the taxpayers taxpayers tax tax- payers me means ns increasing the burden hurden of interest charges When 1 a city goes in debt for it itt its t schools it in inthe the future pay the principal S. S but t meantime it is paying heavily in interest interestS interest'S S rates I S The finan fillan financial ial phase o of school administration tion is is a real business problem today For Fo t that at reason reason it is highly important 1 that men of business and administrative ability always be bei bein i in l charge harge of the public school school programs |