The Frankfort roundabout. [volume] (Frankfort, Ky.) 1882-1908, 1891-04-18

We recommend that there be no
levy for the maintenance of the white
school the present year for the reason
that, after a careful examination Of
the receipts and expenses Of this
fund for the past year, we find there
will be sufficient means to meet ex-
penses without special levy. This
amount is derived from State fund,
interest on school lottery bonds,
and balance on hand to it's credit at
this time. This examination Of it's
resources shows that, with the same
expenditure that was made for it's
support the past twelve months, the
above mentioned resources will fully
meet the demands and leave a
balance at the expiration Of the
school-year ending June 3Oth, 1892.
But should there arise, from any
cause, a necessity for larger sum
to maintain said school in the eff
cient administration of it's beneficent
purpose, we unhesitatingly assert
that the means will be readily appro-
priated from any funds on hand at
the time the demand arises. We
believe this course is justified by the
necessities upon us from other
sources, and when understood, will
fully satisfy the most ardent advo-
Gates Of our common school system,
among whom the undersigned COM
mittee are pleased to class them
selves. With the above exhibit and
assurance, we feel that it is I'M
necessary to further elaborated this
branch Of this report.
The Colored School is amply pro-
vided for, having at present about
two thousand dollars to it's credit, be-
sides being supported by the entire
tax collected from colored persons in
the city.
With these school interests prop
erly provided for, we are called upon
to meet only the requirements set
forth in the estimate above, unless
perhaps some new obligation should
arise, which we trust will not be the
case during the present year.
To meet the above demands we
are forced to recommend that the
tax levy for the present year be made
81. 80, for revenue, which alone will
not fully realize an amount sufficient
to meet these estimated expenses, but
which we trust will be ample after it
is supplemented by interest due on
Midland Railroad bonds, tax judg-
ments, rent of city hall, and collec-
ton OF back taxes. Our apology for
the recommendation Of the above |
large tax levy is, that the city should
meet its obligations promptly, and
that no tax levy should be made
which will not enable the council to
pay it's floating debt and thus avoid |
the payment Of bank interest, which |
has already required too great an ex-
rendition of the public funds.
Another reason for this tax levy is |
found in the recently formed Consti-
tuition of the State, which provides |
that after the present year the tax
levy of cities in the class with Frank
fort shall be limited to the amount of
rs cents on the one hundred dollars
to meet its current expenses. We
believe that prudent forethought
demands that we should make all |
needful preparation the present year,
by extinguishing our floating debt,
and endeavor to place the city |
finances in the best possible condi-
ton for the curtailed resources of
the city which the new Constitution
will necessitate. We trust that by |
The application of strict business