OCR Text |
Show Page Two THE DRAGEETUaN A Report from No Secrets Here Bond Election for Utah Foundation bonds and to bear interest at a Total state expenditures in Utah Preparations are going forward rate-noexceeding three and during the 1954 fiscal year were on the- - preliminary details necesper centum per annum? $96,048,286, it was reported this sary ffrr a bond election in Carbon t week by Utah Foundation, the pri' it tax research orvate, ganization. According to the Foundation study, Utah state expenditures increased $9.2 million over the preceding year. Approximately $6.8 million, or nearly three fourths of the total state expenditure increase, was for. added educational expenditures, including building funds appropriated by the Legislature in earlier years but not allotted until the 1954 fiscal year. Current state revenue in Utah from all sources during the 1954 fiscal year totaled $89,901,099, or per cent more than was received in the preceding year, the report continues. State expenditures therefore exceeded current revenue by $6.1 million during the year. However, the report points out that most of this difference consists of commitments made in previous years for school and institutional buildings that were not expended until the 1954 fiscal year. The Foundation states that the upward trend in Utah State Government revenues and expenditures which began during the late 1930s and early 1940s continued through the 1954 fiscal year. State revenues in Utah have risen 30 per cent since 1950 and 212 per cent (more than three times) since 1940. This continual increase in state revenue yields is attributed largely to an expansion in the States economy rather than to changes in the tax rates. Foundation analysts point out, in a more t however, that Utah is favorable fiscal position than most of the other states in the nation in that it is one of the few states that have no net state general indebtedness. More than three-foUrtof the other states had outstanding net general obligations totaling more than $4.1 billion at the close of fiscal 1953. This indebtedness in other states is equivalent to $26.26 per capita for the nation as a whole. Utah has devoted a substantial part of its state expenditures toward capital improvements in recent years, the report points out. During the past five years, the State has expended more than $70 million for capital outlay purposes. The report hits at the lack of effective review or control by either the legislature or the governor over most . state expenditures. Only slightly more than one third of all state expenditures in Utah result from appropriations bythe state legislature, according to the non-prof- county which will raise matching funds for the construction of an addition to the present hospital at Price, it has been announced by County Clerk B. H. Young. The election has been set for December 7. At a meeting Tuesday night, the Carbon county commissioners entered into final agreement with a Salt Lake City bonding company to handle the details of issuing the bonds and other necessary arrangements. The question which will be put up to the property taxpayers of the county is Shall the general obligation bonds of the County of Carbon, in' the aggregate principal amount of $250,000, or as much thereof as may be necessary, be issued and sold for the purpose of defraying in part the cost of erecting and furnishing an addition to the present county hospital, said bonds to mature in not to exceed ten years from the date of the great chain system which bears his name, has described the secret of successful retailing. That secret, he said, "Is that there are no secrets. There are people who, when the principles of business success are explained to them, do not find the answer sufficiently intellectual to be satisfying. In retailing the formula happens td be a basic lik . chain system whichETAOINCSH J. C. Penney, founder of the County Hospital Tuesday, October 26, 1954 TRIBUNE one-ha- lf The city ad county will be obligated to pay some $385,000 of the expected $700,000 construction project but cash on hand at the present in funds held by the city, county and the hospital itself will reduce the amount to be raised under a bond issue to $250,000. Forty-fiv- e per cent of the construction will be paid for by the federal government in particpating funds, Unless the local governments act to obtain these funds now they may well lose them to other .areas which have made application for federal participation funds, price and Moab are currently the only two areas in the state hospital register holding an A priority rating. The county will take on the bond obligation but the city will continue to levy each year for hospital purposes and this money will be diverted to pay off the indebtedness. The cbunty also levies for hospital purposes and these two sources plus the surplus income from the hospital- will be ussearch agency discloses that for ed in retiring the bonds. the most part their use is restrictLegal publications required by ed by law for designated purposes law prior to the election will be related in many cases to the origi- started during the first part of nal sources of the funds. - CARBON rity, plus industry, plus ability to see the other fellow point of view. That formula ap plies- - to any human endeavor. . Neither piety, virtue, nor libert can long flourish in a communit where the education of youth i: neglected. VOTE AGAINST Senate Bill 29 or Save Carbon College REFERENDUM . PROPOSITION NUMBER TWO An Act providing that Carbon College be discontinued as a state maintained college; that the Board of Examiners dispose of all real and personal property comprising said college in such manner as it deems to be to the best interests of the State of Utah. For Against DIXON IN WASMH6I0N Kleedh The record of Henry "Aldous Dixon over the years has been one of enviable achievement. In the fields of education, banking and farming, Dr. Dixon has proved his leadership. With the good of his community and his state always in mind. Dr. Dixon has rolled up a splendid record of academic, public and civic service. His academic service is well known 18 years as president of Weber college in Ogden and, since August 8, 1953 president of the Utah State Agricultural college in Logan. He has also received national recognition in the field of higher education. He served several years on an advisory committee to the U.S. Office of Education. Although a Republican, he was one of three westerners to serve from 1946 to 1948 on the Presidents Commission for Higher Education. In civic affairs, Dr. Dixon was president of the Provo and Ogden chambers of commerce and a member of the commission which drafted a charter for Ogden's commission-cit- y manager form of Aldous government in 1950-52- . In the business world, the Republican candidate for Congress from the First District served on the board of directors of the Salt Lake DrGnch, Federal Reserve Bank of San Francisco and is now on the advisory committee of the First Security Bank of Utah. As a sportsman, he is an active honorary life member of the Weber County Wildlife association and an enthusiastic hunter and fisherman. . o As President of the Utah State Agricultural College he is thoroughly familiar with, all divisions of agriculture and throughout his life has had extensive personal experience with Utah!s agricultural and h wm Bixea vMSi VOTE REPUBLICAN ON NOVEMBER reclamation problems. c The Salt Lake Tribune said in an editorial: "Dr. Dixon is distin- a ished Utahn who, if elected, would be a distinguished member Congress." Get a BIG MAN on Ike's team bade there to get the things YOU WANT out here I Vote for DIXON Paid Political Advertisement by Citizens for Dr. Dixon k t 1 vast are thos sour shot 1 tion; bon pens yeai D rapi Referendum Proposition No. 2 is IKIenry O nati The Pfeed for a ISepisblican Coisgr . ( yeai sho CO Foundatioa The research agencys report warns of some difficulties that Although Utah still has sub stantial remaining fund balances in the State Treasury, the re Tues . . . thi City-Coun- ty hs may be encountered , In meeting future expenditure demands. The Foundation report indicates that the istate will have to face fiscal problems relating to the mounting school enrollments, the highway needs, and possible increases in welfare requirements that may de velop of any downturn were to de velop in the general economy. The study suggests that a pos- -' sible offset to the anticipated rise in educational expenditures is the prospect of receiving additiona school lands. revenues from-Utaten years, minera During the past rental "receipts from state-owne- d lands in Utah multiplied twenty times, reaching $677,641 in fisca 1954. A law enacted by the las session of Congress provides that Utah will receive title (and reve nues) to all, repaining surveyed school land sections promised under 'the Statehood Enabling Act. ing, for human beings, plus integ |