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Show UTAH FOUNDATION REPORTS ON EDUCATION COSTS FOR UTAH Since the end of World War II, Salt Lake School District has spent a total of $34,211,975 for capital outlay. Last year (1958-59) the district spent $1,261,777 for capital outlay purposes. These facts were reported by Utah Foundation in their 1960 edition of the Statistical Abstract of Government in Utah. This 65-page reference publication is a compilation of the most-wanted and most-frequently used data pertaining per-taining to the government and the economy of Utah. The Foundation's Abstract shows that all forty Utah school districts spent a total of $181,344,740 between 1945 and 1959 for capital outlay purposes. During the 1958-59 school year, capital outlay expenditures in Utah amounted to $26,851,844. In order to finance this huge capital outlay program, many districts dis-tricts raised part of the needed funds through the sale of bonds. The Foundation publication shows that the total net indebtedness (after allowing for sinking funds) of all forty school districts at the end of the 1958-59 school year was ,$55,841,979. The report reveals that Salt Lake School District had a net outstanding indebtedness o f $2,244,000 at the close of the 1958-59 school year. |