Salt Lake Telegram | 1934-06-30 | Page 9 | School Board Adopts Budget of $2,134,782

SCHOOL BOARD ADOPTS BUDGET OF Tax Levy of Mills Will Remain Unchanged Unchanged Unchanged Un Un- changed Responding to pl pleas c of taxpayers' taxpayers spokesmen with a recommendation the tax levy o of mills mills remain unchanged un un- un changed hanged the Salt L Lake City school board Saturday had adopted a 1934 1935 1933 operating budget of ot The board set for bond Int interest rest and for tor fora a a. bond sinking inking fundA fund A A tentative budget had cal called ed for fora a levy for the interest fund and a a. a 6 mill rate for the sinking ac account count For or the last several s veral years ye rs the h levy evy y for these two ite items s has been 15 mi mills ls and under the recommendation It t will remain the same Protests against boosting the mill mm levy were made by Blair Richardson Rich ardson and Gus P. P Backman of ot the chamber of commerce Clyde R R. Thompson chairman of the Salt Lake City committee of the Utah Taxpayers Taxpayers' ers' ers association and M. M H. H Harris statistician of at the association am and several real property owners Higher Than Than 1934 1933 The approved budget sets seis up the following operating allowances Administration Ad ministration instruction 1 01 operation maintenance maintenance nance auxiliary agencies fixed charges building build build- ing ng fund With approval of ofa a addition to o the 1934 1933 budget for F E ERA R A and C W V A materials the 1935 1934 budget total is approximately hi higher her than last years year's setup Mr Thompson complimented the board oard for maintaining educational standards without raising the levy in inthe inthe the he last five years despite decreasing property valuations Four Recommendations He e presented four re ions on behalf of at the committee 1 Recognition of growing tax lax de de- de as proof of ij increasing inability inability in in- ability to meet present tax burdens 2 Use of or extreme care to see sec that tha revenue is not overestimated 3 No increase in the levy 4 No creation of deficits He presented a table comparing comparini 1934 1935 estimated revenue as calculated cal ed by the committee el p ts estimate and arid actual 1934 1933 revenue in Actual Fond Fund Using a district tax levy of mills on a valuation of with 84 per cent collections the commIttee com corn estimated total revenue at 2 05 against lI l t an m estimate by the su st of based on a alevy lev levy of 11 mills with no delinquency al The committees committee's s 's estimate of a total tola revenue of included the following other sources Federal funds and vocational district school land interest and rental fund state high school fund 27 state equalization fund The committee reported bonds outstanding outstanding out out- standing as of ot June 30 1933 at 4 It reported in an actual fund und on hand and pointed out there is a lack of in meeting sinking sink sink- ing lug fund requirements