OCR Text |
Show o ALL IS NOT GOLD THAT GLITTERS, Garland, the thriving incorporated town in Boxelder county, Was the first community in the state to realize that "all is not gold that glitters." Like the legislators, their snap-judgment opinion of the so-called $2000 homestead exemption resolution was : "Here's a chance to soak the other fellow." Sober second-thought, however, set the boys to scratching their heads. They began to wonder. Some one pointed out that Garland waterworks bonds are outstanding, and that they must be liquidated through money raised from local taxation. The civic-minded Lion's club of the town discovered that, after exempting $2000 on every home and homestead within the city limits, there would be little left to tax except a few homes, the business property, unimproved real estate, personal per-sonal property and the utilities. In fact, there would be so little left to tax that to raise enough money to pay off the bonded debt would mean virtual confiscation of the remaining remain-ing taxable property. Garland Lions, by strong resolution, urgently requested Boxelder county legislators to reconsider their hasty action on homestead exemption in order that the financial integrity of their community' may be preserved. |