Salt Lake Telegram | 1918-07-10 | Page 2 | Increase in Property Enlarges Revenue

INC INCREASE A IN PR PROPERTY ENLARGES 4 REVENUE Added to Municipal Municipal Municipal Muni Muni- cipal Income Through Growth of Values in Holdings of Citizens T THE HE financial dilemma that threatened to force an increase increase increase in in- crease in the tax rate in Salt Lake City has disappeared according according according ac ac- ac- ac cording to an announcement made today by Mayor W. W Mont Ferr Ferry Final figures on assessed valuation furnished by by County Assessor A. A H. H Pars Parsons n show a total increase e of or 14 4 in the assessed valuation of ot city property this year sear over v r that of of- last 1 year This his will mean an increase of in general revenue re To this is to be bea a added ded surplus tC on hand ham and approximately Increase in increase increase In- In crease in departmental receipts The result results according to Mayor Ferry who is js head of or the department of public affairs and finance finance is that the city has now in sight approximately surplus as against surplus at this time last year CONSIDER WAGE BOOSTS The city commission Is free to proceed proceed proceed pro pro- with the midyear readjustment of the budget which will be df ut r a simple nature since the problem of ot finding a away away away way to avoid the threatened increase In tax levy has been eliminated The date for the meeting will be belet set let et within the next few days and in all probability the proposed 10 per cent increase In wages of city given a definite status The figures furnished by the county count assessor show that the total valuation of Salt Lake City this year is as against last year COUNTY NOT SO GOOD The showing showing- for the county is Js not quite as good the total Increase being The assessment in the county Including the cit city as made by the county assessor shows an increase of the difference between this year and last year However the assessment made by the state board of equalization shows a a. decrease of or the as assessment assessment assessment as- as made by the board this year totaling as against last year