| Show FURTHER CUTS CUTSIN IN S SI S. S L LI L. SCHOOL BUDGET LOOM Final Action Scheduled at Special Session Wednesday Wednesday Wednesday Wed Wed- Night Adoption of Salt Lakes Lake's public school chool budget for 1932 1933 is scheduled sched to take place at a special meeting meeting meet meet- ing of the board of education Wednesday Wednesday Wednes Wednes- day evening in the city and county building School officials announced that the thel tentative budget of probably will be reduced by from to at Wednesday nights night's meeting meeting meet meet- ing as a result of conferences with board members and a special subcommittee of the chamber of commerce The chamber of commerce committee commit commit- tee ce composed of Downey D D. Muir Jr Joseph H H. Rayburn and Charles N. N Fehr recommended that the cuts be made following an examination of estimated revenues for lor the next school year fear The school board was represented at t the conferences with members of the he committee by Robert B B. B Ritchie V. V v H H. Lovesy and Nicholas G G. Smith The proposed levy for next year has been fixed at mills 4 mill higher than the lt lovy V for last year If f further lurther are made in inthe inthe the he bud budget et however the levy may not be c increased for lor 1933 1932 it was announced an- an FIGURES SLASHED The tentative bud budget et of was vas slashed compared with the budget for last year since it was submitted to the board b by Superintendent George N. N Child Following a conference of the chamber cham cham- ber cr of commerce subcommittee with A. A L. L S. S Brown president of the chamber Continued on Page Pue Eighteen 5 t Further Cut on Schools Asked Continued From Page Pace Eleven Wednesday the following letter was prepared to be sent seal to the board of education The special committee appointed by jy the board of governors of the Salt Lake chamber of commerce to investigate the Salt Lake school bUdget and the approximate income has las concluded its examinations ant and deliberations The committee desires to express its ts appreciation for the courteous attitude attitude at at- and its commendation for your our straightforward and businesslike like presentation of pertinent figures anc and supporting data Due to the short period of time available to the committee it has been found necessary to accept as authoritative your estimates of revenue anc and certain budget items CONDITIONS OF APPROVAL It is understood in giving approval of the figures the committee has relied re re- relied lied on your responsibility for such estimates and items It Is specifically understood by the committee In formally for mally approving the budget and estimates esti esti- mates of revenue l I 1 That the school year shall be bel continued for the full nine months month period 2 That there will be no increase in the levy beyond the present 9 mills mill for operation and maintenance 3 3 That the board keep within th the limits of its revenue received durin during the period inv involved Appointment of the First National bank and the First Security Trust Trus company to act net as fiscal agents fo for forthe forthe the Salt Lake board of education J Inthe in inthe the sale of worth of school tax bonds was announced Wednesday The fiscal agents agents' fee will be one quare ter of 1 per cent on all bonds sold The action was taken after the board boan had advertised sale of the bonds anc and received only one bid which would fix the interest rate for the issue a at about 6 per cent The bid was not ac accepted ac- ac The school bonds are arc the same a as tax anticipation notes and will mature matur December 15 1932 1 |
