| Show FINANCIAL REPORT DID 1110 NOT SHOW UP Copy Sent to the tIie Mayor bL but Council Counci Committee Didn't Get Look at It It HELD A SPECIAL MEETING I Auditor Complete Complete- FI Figures hut but 1 Has Yet Yel to 10 Intimate of Cit CI s 's Running HUllin R. A Auditor A I r yesterday completed his report on omm the time financial standing ng of time the city hut but contrary to lo tons lions ions It I was not reported to tu time the city cly council counci last night night The Time finance com com- held helda a special session at 7 I o'clock lat last l night to con consider hl l th lit report report re- re port hut but theme thero wasn't a single soil poll pol- pol tary tan figure from the time auditor Mr Alit Alff completed his imPs report Y yesterday yes yes- anti and a dOilY copy of ot It I was given ghen to Mayor 1001 Thompson last night nIght h The mayor maO would not nol It I out for publication pub pub- cil cil until it I had hud gone to the council coun coon It II I Is unter understood tool that tH the tho au auditor did not Include in the time report time tie estimates of time the running expenses expenses for o. o the year The Time leport Includes only olly the amounts of money received and spent pent during the time past six months month The lime auditor has been working for Cor weeks wels to complete time the report and time council counci ha lies has been expecting It f since July 1 15 5 In order to fix lIx the time tax levy for fot the lie ensuing year the time elt city must know 1 Its financial condition and what time the probable cost of cm ot running the city government nt will till wi be ie The Time levy must be ie fixed on or before tho last meeting of tho the council counci In iii July according to lo toIa law Ia iv No 0 Idea of COI Condition fOI Such an aim Important thing timing as fixing the lax tax lev levy should have hae received ell con con- from flom time Iho reform jugglers long Ij before or the time final action acton came but the city cily papas have no Idea of or time the needs npr of the time present condition The city efy council counci Is practically obliged ed eti to raise the time tax lax lev levy since II it I set seta se a pace mice Ilce too loo fast for Cor ito present in In- In conic come The rime levy Is now I 11 1 mills mils on onal all al funds awl and it i is understood thai this timis will trill wil receive a considerable boost The Time general or 01 contingent fund has imas hashen been hen treated like a gambler bets lets oilier othel oth- oth er em peoples people's money U urn UIG ilI l I here there Is hanI hardly hard han I ly anything there to lo make a showing wih with The he present let levy for fOl that thai fund fundis is four antI and a halt half mills mis and time the laws law's limit is U live five It I Is understood that lint the time present plesent of financial jugglers will wi go to lo tw limit Time The council has imas practically promised to create a sinking fund by setting aside a portion porton of the time new tax lax levy for that thal This fund will purpose wi pile pie tip u ml from year ai to year to meet time the tte out opt Olt- Olt bonds when they lJ become conc hue dUe This ri raise In iii the tIme levy will wil be used as asal asan asan an al excuse for Cor Increasing tho timo burden of or t time the el Stall Sial on time the 1 Ot Next Monday night will trill wi be le tho the lest chance chancA the time council counci has under unter the time law to 10 tim Ih tax ac l levy y agony Is b bi be i I ii t ng K Ild r rf to t il Th 1 In C li w week eJ It I Is IR expected that time finance committee will wi get together and go o over the time figures that hint ore are now In the mayors mayor's hands hants The TIme Ire present ent valuation of taxable In Salt Lake LaJe Is 4 I I property properly Sai CJ City By raising the tax levy y on one mill mi the time council counci would hand hant to itself 41 1 10 53 at the pre present nt rate rte of taxation taxa taxa- tion tiomi ton the revenue tc from front 4 would be This is not nol enough It to 10 meet mee the time expenses of or the time cli ci city If they time are arc to be maintained atthe at atthe the time present high rat rate |
