Salt Lake Telegram | 1931-11-12 | Page 4 | Overspending

T OVERSPENDING ls a pr problem lem which will confront I M Mayor elect Marc Marcus s and the new com corn missioners elect when they shall take up the sins reins of t g government in January ry V The city's revenue was less for ri ni months this year t than laIi last but the ex ex expense pense nse nse to of October was 11 more than last year over the corresponding period How Bow can the city reduce expense to tb meet p revenue and remain within the budget allow ices Quite a problem Considering that the figures used In the thep p problem represent borrowed morie money upon which the the city is paying interest the solution tion JIon Ion appears appears rather intricate The services of a special auditor are not required to show the av average rage layman wh what t poor Ioor business all aU this Is I. Each ach year the city ity borrows enough nough money to t keep It going until the tile tax money comes ornes in issuing what are called tax anticipation notes year the amount borrowed is In Invariably I variably gre greater ter than the amount of ot the preceding pre pre- ceding years year's loan If It should fall to the lot of Mr Marcus to direct the department of finance since he has made a signal success of his private business enterprises he will win be horrified asa as asa asa a business man at the methods methods methods meth- meth meth meth- I which ve p placed a ed the city In the present S f financial predicament What he can do about It depends largely upon himself When any well managed business faces a loss In jn revenue the expenditures are reduced commensurately At the present rate of ot expenditure however however how how- ev ever r It will be only a few years until the city m shall l be borrowing in ta tax anticipation the he full lull amount of its expected revenue