Show PROPOSED BOND ISSUE WILL NOT RAISE USE TAXATION many people seem to be undo unde the misapprehension that the tax rate will of necessity be raised if the bond election to be held may passes pas es and some people have raised the question ques fion that many many of the county funds are already in the red and that the commissioners if the bond election is passed will use a big slice of this thi s money to pay up indebtedness already incurred both of these rumors are absolute absolu tto 1 y erroneous not will there be no increase in the rate of taxation if the bond issue carries but if the bond issue should fall fail to carry it will inevitably compel a raise in the rate this is for the reason that carbon county i is s obligated beyond drawing back to raise slightly slight y m more 0 i than on federal aid projects in price canyon now under tinder construction if the commissioners cannot raise raise this through the bond election they will have to resort res ortto to increased taxes it will be possible by increase in I 1 ing a fig the road taxes 0 o the maximum maximin und and by stopping all other 0 county work on county and state roads to raise about in one years time this thi s would mean that all but that amount of the would have to go over to next year and the tax levy would again be at the maxi maximum munt next year and for the year following in the meantime there would be no money available to maintain the county roads much less to improve or 0 r take advantage of any cooperative compea ll 11 t liv 1 e agreement with the state road commission C on the other hand if the bond election carries the road tax levy can stay where it is and the bond levy sin sinking king fund will stay right where it Is and will raise enouf enough h money to take care of the maintenance of county roads as well os s to replace the sinking fund as rapidly as it is needed the only result resu of te tae election therefore will be to use the 6 money already in I 1 ll 11 the sinking hw t L nd and to defer to later years the replacement of that money it can be done without increasing the levy As to the other rumor that the various county funds arc indebted and it is the commissi commissioners toners intention to use part ot of the bond money to cover this indebtedness it might be said that the commissioners could not do this it if they wished the bond election calls for the voters ers approval of a certain program costing a certain amount of money the money raised from these bonds can be used only for that purpose and for no other of purpose it is true that there is some in various C county funds this is always the case cases and it happens by reason of the fact that county taxes fewes are not delinquent until november of each year in other 14 words eleven months of a year have gone before talo any money is realized to pay the indebtedness of runn I 1 nak 4 the county government for that year years it the tax oney i of were available amila ble on january U atwould it would be possible ble fo for r 1 a e county government or a city ci UY government to get along without wi f hout going into debt but where the affairs awve to be run tor for eleven months without any money available except the anticipation of money coming in on taxes it if is inevitable that debts be incurred the law rec zes this fact and permits er mits the county commissioners cornyn to borrow in antici anticipation pat 10 n of taxes up io 60 90 per cent of the total tax revenue the commissioners have done this and have borrowed the molicy from the sinking fund to the extent of of as may this would all be replaced out ut of the taxes this fall money it be replaced by floating other bonds because cannot the money MO ney realized from floating other bonds be used for the specific purposes set forth in the not notices ces of ol elec tion there is no danger therefore that there t ere will be ony any n ece of the 0 coun alty diventi county diverting tins 4 11 ng wy duyf of the bond awe le money to 0 covering up P any indebtedness 1 i I 1 IM AW 77 a a r f ii 1 j 0 w 1111 baw ua |