The Tucson citizen., 1902-08-19
Pima COuntu Finances
Action by the Supervisors

The board of supervisors sat as a
board of equalization yesterday, anu
completed the tax levy. The board
was in session again today, and ad-
justments of different assessments
were made.
The estimated revenues and expendi-
lures for the next year are mattersof
great interest to the public in general.
1t will be remmbered that the total
footing of the tax roll for 1902 was
So, 725, ,301.59. From this amount will
be deducted $685. 1876 for widows and
other exemptions, $121 ,745 for ques-
tionable assessments, and 100000 for
delinquency. This leaves a balance of
So, 445 ,060.59 on which to base the levy.
The Territorial board of equalization
fixed the Territorial rate at $l.137 per
$1Uv. and this will take from Pima
$39,170.34.
The board fixed the rate for the
county funding interest fund at $50.
The county at present owes the Terri
tory $210, 0,240.05, and pays 5 pr cent
interest on the amount On this basis
$10,335. 18 will have to be raised for the
fund.
IN the county redemption fund s-5,-
OV0 worth of bonds will become due
on June 80, 1903 Five and one-half
months interst will then be due on
these bonds, at per cent. On the
same date one years interest will be
due on 100000 worth of bonds at per
cent. These items will foot up 32,802.
There is at present $25,S8S49 to the
credit of the redemption fund. so that
the difference, or Sc 914 80, will have o
be raised for this fund. 1t will be re-,
membered in connection with the
county redemption fund that the orig
inal bond issue amounted to $147 200.
These bonds called for per cent In
terest. The board of supervisors has
been gradually retiring these bonds in
favor of fifty-year per cent bonds.
thus saving the county no small sum Of
money. On June so, 1901, some $4,000
worth of these bonds were retired in
this manner, and on June 80, 1902, $25,-
600 more were reduced. This process
will continue until all of the issue is
reduced to per cent bonds.
In the county per cent interest fund
it will be necessary to raise S1,029.31
as interest on the $47 900 worth of 4
per cent bonds described above. the
rate per $100 has been fixed at 500 by
the board.
The total actual levy per $500 re-
quired in Pima county this year will
be $1.66S. The board is not figuring
on reducing the county's debt ma
t erially, but will be satisfied if the
revenues and expenditures break about
even for the fiscal year 1t will re-
quire $21,056 to keep up the salaries
and other expenses. There are at
present $40 59S05 outstanding on war
rants for the fourth quarter of 1901
and the first quarter of 1902. For the
second quarter of 1902 there are $500
in warrants outstanding. The estimated
amounts, together with what is actu-
ally known to be required for the
coming year will foot up $81, 1,213.12.
The receipts for the same term. togeth-
er with the cash on hand, will amount
to S28,004.81 This will leave bal
ance of $50 ,20031 to be raised in Pima
county this year. The rate necessary
to raise this amount would be $1.55, but
the board. for reasons stated above,
have fixed tn rate at 1925.
The school superintendent estimates
his expenditures for the coming year
at $4,000, and the fund for new roads
is placed at $4.G1435