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Show GRANO'S GRANOS RAMD'S RAMDS G GFAR ' BONDED DEBT . IAVERAGEI I IF F FAR . BELOW BEOI IAVERAGE AVERAGE indebtedness in- in indebtedness In Indebtedness - - of the bonded A graphic picture I IA debtedness v . which hich hangs over the tax tax- tax- tax taxpayers taxpayers taxpayers - - of this state Is presented in thei theMay the theI theI theMay theMay I payers issue of the Utah Taxpayer . It is issbown is isshown Isshown I sbown shown May that In some counties the ratio ratic ratioI ratioof raticof ratioof of bonded debt to assessed tassessed valuation valuationrums valuationruns I Iruns I runs rums up as high as 1204 12 04 per cent , while whilethe whilethe : the state average is 537 5 37 per cent Only Onlyone Onlyone Onlyone Ithe one county-Wayne-is county Wayne is county - Wayne - - Is \ without ithout bond bond- bonded bonded bonded - - ' I ed indebtedness Grand county s sbonded s sI sbonded sbonded bonded debt Is far below the state averageI average152 av- av avbonds - - I cent-and cent and - this county s sbonds s sbonds erage-I erage I erage-152 erage 152 - - 52 per - bonds arc are being redeemed regularly regularlyeach regularlyeach regularlyeach each year as they fall faU due . Particular attention is called to the thebonded thebonded thebonded bonded indebtedness mdebtedness upon the real realcstte realestite realestite In InI InSalt InSalt inSalt cst\te cst te estite ' \ and other tangible property Salt Like L'lke Llke Lake ' City , amounting to over over$15000000 over15000000 I $15000000 15000000 $15 15 $ 000 000 , or an average per capita capitaI capitatax capitatax capitatax tax burden of $107 107 $ , . or $297 297 $ upon the thelittle thelittle thelittle I little $3000 3000 $ home It is shown that a aproperty aproperty aproperty property owner in 1n Salt Lake City is isI isunder isunder Isunder under five live different goveinments govel11ments governments and andthat andthat andthat I that four of these-the these the these - the state , , CIty citycounty , I Icounty county and schools-has schools has schools - - has each placed a aI abonded abonded abonded bonded debt upon him It is shown showntoo , , too , that neither Salt Lake City , nor northe northe northe I the schools schoo1s , nor the county have haveenough haveenough haveenough ob- ob obi obligations ob obligations - enough mone money ' to meet their bond i ligations , when due , , refunding will will'be willbe willbe 'be be ' [ be necessary . the challenging chaUengmg question Is Israised israised israised And so I IAnd raised whethel whether or not , with the pres- pres present present pres present - - ent heavy bonded debt resting upon uponI uponthe uponthe uponthe I the people , with little If any money in inI inthe inthe I the tieasury treasury to pay the debt , if they theycould theycould theycould [ could , . by any kind of eloquence , beersuaded be beI bepersuaded bepersuaded I persuaded ? ersuaded to increase that bonded ob- ob obigation ob obligation . - ligation igation ligationThe igationThe The tabulation also talso shows the rela- rela relative relative rela relative - . tive costs of taxing and assessing assessingproperty assessingroperty assessingproperty property roperty ) m In various counties , showmg showing showmgwhat showingwhat showingwhat what per cent of the total amount colceted col- col collected col collected - lected ceted is assumed for the costs of col- col collecting colecting col collecting - - lecting ecting and assessing The 'he he ' ! I3.verage I3verage average I3.veragefor . averagefor averageor for or the state Is 1 138 38 per cent whIle whIlesome whileome whilesome some ome counties run zip up as high as 6 603per 03 03per 03ter per ter cent Grand county s average 15 Is Is181 1 81 per cent cenf . . |
