Show Advance Plan to Place City Government on Cash Basis A plan now in use in Schenectady N. N Y for putting the city on a cash I basis of operation Instead of a borrowed borrowed borrowed bor bor- rowed money basis has been suggested suggested suggested sug sug- to Commissioner Herman H. H Green of ot the department of finance for consideration In connection with the financial affairs of Salt Lake City The plan is outlined In a letter to Commissioner Green from I. I D D. LeFevre LeFevre LeFevre Le- Le Fevre chief accountant of the General General General Gen Gen- eral Electric company of Schenectady Schenectady Schenectady and friend of ot the finance commissioner The letter was Bub- Bub submitted submitted sub sub- to Mayor and City Attorney W V. H H. Folland at the meetIng meeting meeting meet meet- ing of the city commission Wednesday Wednesday Wednes Wednes- day and Mr Ir Folland was asked to look Into the legal phases of the matter BORROWED FUNDS Mr Le LeFevre evre said In his letter that he be noted In the January Issue of the Municipal Record of ot this city that Salt Lake City Is compelled to borrow large sums of money at the beginning of each tach year to finance Itself until taxes for the current year are paid in December He lie stated that S Schenectady had been in the same predicament and It was changing from this borrowIng borrowing borrowing borrow borrow- ing basis to a cash basis by a process of monthly changes In itt the date of collection of taxes In other words the city began by 18 making taxes payable in Novem Novem- i I ber bar instead of December the next year ear the they became payable in October October October Octo Octo- ber the tho next year In September the next year fh ih August and so on until now they are payable In April and the time is to be advanced until they the become payable pa able the 1st of ot February February February Feb Feb- of each year yea In this manner It Is pointed out by Mr LeFevre the taxes will be brought In for the current year at atthe atthe atthe the beginning of the year thus o ob obviating obviating ob- ob the necessity for making large loans on which the city has hasto hasto hasto to pay high rates of Interest In Instead Instead In- In stead the money which Is paid Inand in inand inand and Is not immediately needed for fot current expenses can be placed In Inthe inthe inthe the bank at Interest and the city can thus derive additional revenue by collecting instead of paying in 1st- 1st terest NEED LEGISLATION Commissioner Green suggested ested that it would of course require legislative action to bring about a change of this sort In the collection of Salt Lake City's taxes and he asked the law department to look loot lookup lookup up the tho legal points Involved and make a report as aa to the tho feasibility of working out some plan of at this kind to bring the city to a cash basis of or operation Mr Green suggested that matters malters might be facilitated If tr the city and county count of ot Salt Lake were made one and the city did its own assessing assessing assess assess- ing and collecting of taxes |