The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1896-04-28

"Deducting from this sum an esti-
mated state appropriation Of $S3,OOO,
there remains to be raised by taxation
for general school purposes the sum OF
$lo6. 100 The assessed valuation of
property and occupations will be ap-
proximately $2O,0O0.O0O. We recon-
mend that a 6la mill levy be made for
general school purposes, which. after
deducting 3 per cent. for commissions
and generations. will produce $126 100.
which is the exact amount required to
meet the above named expenditures.
1.-THE amount of school bonds out
standing is S2SO,OOO. The law requires
that an annual levy for interest and
sinking fund purposes shall be made
upon the assessed valuation of the
property in the district which shall pro-
duce a sum equal to at least per CEN
tum of the bonded Indebtedness. This
requires an annual revenue for this
purpose. that is. for the payment of in
terest and the accumulation of fund
for the redemption Of the bonds at ma
turity Of $22.40O. We therefore recon-
mend that a levy of ~ mills be made
upon the assessed valuation of the
property in the district viz: $1S.750,OO0.
which. after allowing 3 per cent. for
commissions and generations. will
produce for the interest and sinking
fund account the sum of so, ,7343S.
FOR BUILDING PURPOSES.
"ln making the levy for building pur-
poses, the committee have borne in
mind the numerous needed improve
ments. such as the purchase of lots in
the Second and Eighth wards, and the
erection of buildings and additions
thereto in the First. Second. Eighth and
Thirteenth wards; but owing to the
buildings already contracted for and
authorized during the past year, viz. :
Nos. 10, 16 and 90. involving the en-
penditure of sum of money exceeding
the balance of the building appropria-
tion for the past year and the total
amount of the levy about to be made,
we recommend that the improv
above named in the First. Second,
Eighth and Thirteenth wards be post
poned until another year, and that they
be the first considered in making the
levy for 1897.
1.-The building committee have placed
before us the following estimates:
For the erection of No. 16 ......... .S3S 900
For the erection Of No. 10 ........... $4,000
Fer balance due on No. 10 lOts...... 300
For the erection of No. % ............ $4,000
---
Total Observation-Disclosures. .$9i, 800
Alter conlpletlIlS NOS. l'i anu ~ IL lS
estimated that there will be balance
in the building account of 100000. We
| must therefore raise by taxation $S4. 500
for building purposes for the ensuing
year. For this purpose. we recommend
a levy of Az mills. which will produce,
Il Il Il
3 per cent. for commissions and exon
erations. $S2, ,450.
Making total levy for the school
year commencing July |. 1896. of Is mills
for all purposes, which will produce.
| together with the state appropriation. a
total estimated revenue of $314, ,2S4 3S
| to meet the total estimated require
ments of $3l6.O00.
I'VE have made no report with regard
| tn the completion of the new high
school. as the balance in the high
school account will probably be suf-
ticient to complete this building
Respectfully submitted,
John Devaney,
A. l.. Francois
r. l.. Wormser,
w. $. Langstaff.