Coeur d'Alene evening press. (Coeur d'Alene, Idaho) 1907-1929, 1910-03-24
SCHOOL BONDS.


includes the city, will be given the
opportunity OF voting on the PROPOSE,
ton to issue bonds in the sum Of
$4,000 for the purpose OF purchas,
Ing . site and constructing and equip.
ing q high school building. No one
Will question the necessity for such
additional school facilities and the
question resolves itself Into one oil
financial ability TO take care OF the
added burden OF taxation resulting
from the Improvement. From a
statement which has been furnished
the Press BY the assistant clerk Of
the school board we feel that the
burden can DO assumed without
working hardship on the taxpayer
and that the general benefits result
Ing from increased and improved
school facilities win more than COM
pensate the city for the expenditure,
and that the Investment will prove
OF value In making this city more
attractive 10 those seeking homes
where the school facilities are OF the
best. Before voting on tho question
the people are entitled to know what
the financial condition OF the district
Is, and II Is this information which
We intend to give them.
According 10 the figures given us,
the district has a bonded Indebted
ness OF s60,b0O, most OF which Is
drawing interest az the rate OF ave
per cent. The value OF the school
property In the district Is placed at
$4,000, and the assessed valuation
Of the dietrlct for the purpose OF tax
alton ia approximately $1,000. 900.
The running expenses OF the district,
including salaries and incidentals, in
terest on bonds and sinking fund,
amounts to $4,000 annually. Tho
special levy for the district win
raise s26.60O and the balance Of the
receipts IN the past came from the
general levy, nnea and the liquor
licenses. The revenue from liquor IL
censos 10 now cut OF and this leaves
the district with q deficit OF about
$4,000 for the current term, which
must be cared for by borrowing the
money TO carry the schools through
the term. The four banks OF the
city. Il IL claimed, have agreed to take
care OF this shortage and supply the
money to carry tho schools. This
viii provide for the schools to the end
OF the term, but must be made up by
direct taxation and the special levy
viii be raised by three mills, or to
the limit allowed by law on account
OF this loss. IL the honda are voted
the taxes can be no higher, because
there 10 no way In which the school
board will be able to exceed the limit
fixed by statute and Il will be COM
PEELED TO eeonomi1e In some way TO
meet tho interest ON the bonds and
create sinking fund. The increased
assessed valuation OF the district as
q result Of the growth of the city.
the construction Of new railways and
OF other improvements will care for
this later, so that the people viii not
be burdened any heavier by voting for
these bonds and new high school.
than n they voted them down. The
condition with reference
10 the license money shows eonelu-
siyely the falaity OF the claim made
during the campaign that local option
would not increase the taxes. Any
OF the school board will |
our statement that the
dencit il directly due 70 this loss and |
It must bo made good by direct tax
alton.
Other reasons for voting the bonds
may be found in the crowded condi-
ton OF the schools and the unsanitary |
In which some OF the
pupils are placed by reason OF this
overerowdlng. Some OF the rooms
contain more than go pupils and
others are crowded Into rooms large
enough for but half the number and
without sufficient accommodations.
Or ventilation. and there are three
confronting the people.
one OF which IL TO continue under
he present crowded and unsanitary, |
- well as Injurious methods; to
erect two or three cheap frame build
nEs for temporary use. to be abah-
ioned and torn down later; or to
Gote the bonds and erect q high
lchool building that will be q credit
% the district and a drawing card
or the future. The last proposition