Show TAX RECEIPTS RECEIPTS' I THREATEN NEW DEBT PROBLEM Payment of City Education li Board Board Anticipation Anticipation Notes Involved The dark shadow of an increased Salt alt Lake municipal l and s school hool debt hovered over the city Wednesday as officials revealed tax receipts may nay not be sufficient to pay tax anticipation anticipation antici- antici pation notes which fall due early in December County Treasurer David K Moffat fat announced his IsIs office had received 2 In county tax receIpts receipt Wednesday afternoon th last ordinary md nary day for lor p payment before delin delin- quency Under the tax moratorium recently granted however taxpayers have until un un- til December 20 before payments before payments become become be be- come delinquent and Mr Moffat said many are taking advantage of the deferred deferred de- de erred payment plan As the stream of tax money continued continued con- con to flow Into the county coffers at a meager rate it appeared that unless payments increase materially within the next few d days ys the city and the he board of ot education will be forced to o undertake negotiations for short term erm financing with which to pay 1932 tax ax anticipation notes The city has In notes outstanding outstanding out out- standing which are due disc December 5 and the board education of-education atlon has in notes outstanding which fall fail due on December 20 If the tax collections increase sufficiently sufficiently suf suf- by those dates to enable the county treas treasurer to apportion the city and school share of it at was was pointed out it will wUl be unnecessary ry to undertake short term financing The collections however must be apportioned apportion d in equitable amounts to the various divisions for which the county acts as collection agent I |