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Show City Sets Budget Of $55,037.97; Drops Levy 2 Mills The City of Roosevelt has set up a total of $55,087.97 as its anticipated receipts for 1952 from all sources of revenue, according to the budget adopced recently by the mayor and city council. Anticipated revenue for 1951 was $53,091.30. According to George Hacking, city recorder, the levy for the current year is set at 25 mihs, which is 2 mills lower than for 1951, when the levy was 27. With an assessed valuation of $1,158,876.00. and an anticipated collection of 83, $24,046.67 is expected from taxes. Other sources should produce $31,041.-30, $31,041.-30, as follows: Business licenses, $3500; dog licenses, $200; fines, $2,000; water rentals, $20,000; cemetery income, $1000; state liquor rebate, $2341.30. If the city spends what it has budgeted for this year, they will dispose of a total of $52,-030.00. $52,-030.00. Last year they spent $48,697.18 of their budgeted items. Expenditures by the city does not include funds received from Class "C" and "B" road monies, which include $3061.83. and can not be budgeted. In 1851 the city spent $1000 of next year's allotment al-lotment when they borrowed that amount on anticipated revenue rev-enue in 1952. This overage was brought about when the city paved several streets with asphalt. |