OCR Text |
Show tcmplated. This meant that the difference between be-tween the original amount and the cost of the enterprise hat been provided from the general funds. It explains why taxes are high, why it is Impossible for the city commission to reduce the tax rate. The city is required to take up too many deficits created by exceeding the authority of the bond issue. Not all of the men on the city commission now .ire responsible for this condition. con-dition. The deficits were created before some of them took charge and they are more or less he!p!fs in the present plight. Neverthelss, there has been a serious breach of faith with the people, in the performance of the contnet implied im-plied when the city commission sought the public permission to issue bonds for these and other Improvement. Keeping Taxes Up , THE city commission moves In mysterious v. as, its wonders to perform. A number of years igo it sought authority of the people to issue bonds to make certain necessary improvements and provide work for men in distress. Some these improvements have not materialized and are not likely to for at least another year. Meanwhile Mean-while the condition aggravates the tax situation, because the city cannot n.ks tax reductions while they are making up deficits in the bond Issue. i It Is now admitted that m ork on th. z.r building at Liberty park cannot start until the general funds provide money to make up the deficit in this particular part of the bond issue. The people voted $50,000 for this building, of which $12,000 has already been spent for fenca and o4her items which are not pertinent to the purpose If the plan to move the ioo to Athletic park is carried out. The building, it is found, will cost $58,000, or $8000 more than originally. tontemplated, or $20, (too more than is now j ivaihable. ) This means that for this one item alone the :ity will have to take $20,000 from the general hands of this year, which in turn means that lie taxes collected will have to be $20,000 in . jxcess of the current needs. The Warm Springs bathhouse is ncaring completion at a cost of. 1325,000. It Is a beautiful building and will be a credit to the city. It likewise was authorized . by a vote of the people. The expenditure, how-, how-, Aver, U $125,000 more than the bond issue con-, 1 : a . |