The record-union., 1891-09-29

Total in Treasury ......... S6S.3I6 81
1t viii be necessary to raise for the
General Fund a sufficient revenue to
meet the current expenses of the year
and to enable that fund to repay to the
Swamp and Overlooked Land Fund the
sum OF S., 900 borrowed therefrom, il be-
ing necessary TO return said amount from
the first money apportioned. The re-
celpts from county licenses will be in
creased this year, owing TO the raise in
liquor licenses, and you may expect at
least $4,000 from this channel. The Hos
pital Fund will require about S3S, 600 to
meet the increasing demands upon the
cOunty's charity. The State aid to this
fund for the past year was Sl0,127 81. IN
making your levy you must take into
consideration the amount received from
the State. l am in receipt OF the report OF
tie County Superintendent OF Schools,
made to me in accordance with Section
1Sl7 of the Political Code in which it
is shown by his estimate,
BASED on THE CENSUS
OF 1891, that S31, ,476 viii be needed for
School purposes. Exclusive of the rail
roads, there is Sl5, 5,gS0.4l0 of assessed
values subject to road tax. How much
revenue your honorable board win re-
quire for this purpose depends altogether
upon the extent to which you intend
during the coming year to improve the
county roads.
The Road Fund has been assisted
through transfers from the Hospital
Fund to the amount OF $3.50 80, which
must be repaid.
Some months ago l called the attention
o. your honorable body TO the law under
which the bonds of 1872 were issued,
which provides that Sacramento County
may redeem these bonds at the expira-
uon OF twenty years. l refer TO this
matter at the present time in order that
You may, if you so desire, take steps to
refund these bonds at a lower rate of in
tcrest. BY referring TO that portion Of
my report relating TO the Indebtedness
o. the county, you viii note that our
bonds of 1883 bear but four per cent. in
terest, while those of 1872 bear eight per
cent. Should you succeed in
RETUNDTNG THESE BONDS
At the lesser rate it viii cause a saving to
our taxpayers Of $. 500 per annum, and
thereby very materially aid in reducing
our tax rate. Notwithstanding our
county has this year made many needed
repairs and thoroughly renovated her
public buildings, rendering then? very
comfortable and matter of pride our
citizens are to be congratulated upon the
condition of the county finances. BY
due economy and business-like manage
ment we win be enabled to meet the
steadily increasing demands against our
funds, and still be able to reduce our tax
rate, which this year should not be
higher than one per cent.
SCHOOL DISTRICTS.
Auditor Johnson also furnished the
Supervisors with a statement of the needs
Of the various school districts, and in ac-
cordance with his figures the board pro-
ceeded at once TO fix the tax rate for
those districts. Mr.. Bates offered the
motions in each case and thew were
adopted unanimously The levy was rs
follows: Hicksvile District, 36 cents on
each 500; Franklin District, l3 cents, and
Excelsior District, O. cents.
The regular county levy was then
taken up, and passed through without
? hitch. 1t was expected that there would
be Il squabble over the levy for county
road purposes, as the country members
were known TO desire a rate not less than
80 cents on each 500, while the city
mem bers wanted it fixed much lower
not more than Is cents. But it was APP
parent that o compromise rate had been
agreed upon before the board had con-
vened, for when Mr.. Bates proposed
rate of 20 cents on each 800 there was no
opposition, and 1t was agreed upon unanl-
Inously.
SHOWS 4 REDUCTION.
The bulk levy as agreed upon was 81
OF, each 500 for the city, and 81 20 for the
county. This is total reduction of ten
cents on the Sl09 on each levy, as COM
nared with last years rates.
The county levy was apportioned as
fOllows:
STATE ~
General :!59
School Gund 4Oo
Hospital tul1u ~
Intares, OF ia OF 1s5o..................... -