The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1908-10-06
Finance Committee of City
Council Takes Action Which
Will Save Citizens of City
Burden.
HOSPITAL APPROPRIATION
IN CONTROLLERS BUDGET
Bond Issue of $25, 900 Can
Be Paid in a Short Time
The Move Seems to Be
Generally Favored.

The city tax rate for next year was
fixed at $1O5 for the general fund
and cents for the sinking fund, both
rates being the same as this year, by
council last evening on the recon-
mendation of the finance committee.
An ordinance authorizing the float
ing of a s25, 900 bond issue was adopt
ed. The budget for next year as pre-
pared by City Controller Webster Par
ry was adopted by council with only
one change, the insertion of a $4,000
appropriation for the Reid Memorial
hospital. After the budget ordinance
was passed by council under suspen-
sion of the rules it was handed to
Mayor Schillinger for his approval. 1t
is the general impression that the
mayor will follow his time honored
custom of vetoing the measure. He
disapproves of the hospital appropri-
alton.
When the budget ordinance was in
troduced the following communication
from the finance committee was read:
your committee. to whom was re-
ferred the communication from the
City Controller and the annual bud
get as recommended by him for the
city's use during the year 1909, re-
spetfully report that We held meet
ing with the Mayor. City Attorney,
IF
Controller, at which meeting the Con-
troller's budget was carefully gone
over item by item and we are united
in recommending to you that the bud
get as recommended by the Controller
be adopted with the single addition of
an appropriation of $4,000 for Reid
Memorial hospital.
I'VE also recommend that the tax
rate for 1909 remain as it is for 1908
at $1.05 for the general fund and sos
for the sinking fund. and that each
poll be taxed fifty (50) cents.
I'VE further recommend that an is
sue of $4,000 bonds be sold, to run
not more than six years and to bear
interest at not more than four per
cent per annum.'
Councilman Engle bert asked if il
would be cheaper for the people to
have the tax rate raised than to float
a $4,000 bond issue. Councilman
Deuker replied that such an issue
could easily be paid off by the city
in five years by making yearly install
ments and by this method the expense
to the city would never be felt. Con.
troller Parry stated that at the pres
ent time there was about half enough
money in the sinking fund, which can
only be drawn upon to meet bonded
| Indebtedness, to meet this issue and
that if the five cents tax rate for the
| sinking fund was continued for the
next five years the s25,000 loan with
interest could be easily paid out OF
! the sinking fund without near ex
hausting it. He said if the tax rate
was raised it would have to be raised
to the limit allowed by law, s125 and
he was sure this would be objection
able to the people.
Mr.. Won Pein approved of floating
a $4,000 bond issue but he thought
| in the end it would be cheaper tc
raise the tax rate. This plan, hov
ever, he thought would dissatisfy the
people. He then made a motion tt
concur in the report of the finance
committee, which action was taken.
The tax rate ordinance passed un
der the suspension of the rules pro
vided for the city raising s15O,5O0 ir
taxes on the property in the city a
the rate of s1.05 for the general func
and cents for the sinking fund. A
so cents tax for each poll is also pro
vided.
! When the budget ordinance came
up for amendments after its SECOND
reading the only one made was tt
have $1,000 appropriation for a dair,
inspector instead of a milk inspector
| Under the term dairy" council
| thought the duties of the inspecto
could be made more varied. Council
man Deuker called attention to tn,
fact that the appropriation for mex
year shows that SIS less is appropriat
ed for the miscellaneous fund of tn,
police department. This was done
he said. because the city had beer
| paying some bills which by rights ths
county should pay.