Show DEBT SERVICE elsewhere in this issue I 1 assue county school superintendent barlow discusses in an enlightening manner lue los whys ghys and wherefores of 0 the districts rather heavy debt service service refunding bonds in the past for or twenty year periods and then finan fin an cing cine the recent building program in a comparatively short time that officer tells us is responsible for or the double burden now the superintendents article was published also in last weeks iron county record under the heading school district debt free in five years the article we think justify quite that broad a statement en t nor do the facts I 1 in the absence of further ira im borrowed money to finance them the district will detill have bonds outstanding five fire years hence to the amount of from forty to fifty thousand dollars dollar these were refunded between 1921 and 1925 tor for twenty year periods period as ag we understand it and since they are at big interest rates the holders would scarcely permit of their redemption even it if sinking funds were adequate which they will not he be in live five years put but it if la is in the program that within five years the district will build at least another building ther her it be a separate unit somewhere east of main street in cedar city or just jest another wing to the present building there it will without doubt necessitate borrowing to finance it the amount depending of course on the type of building and ranging we imagine e somewhere between twenty five and a hundred thousand dollar in all probability proba billly ipen apen rather than being debt tree free in five years the districts obligations at that time will range from seventy five fiva to one hundred and fifty thousand dollars the matter islene mentioned in no sense as a criticism of the school program or policies the times Is in sympathy with both only that readers way may know the facts is our comment made |