The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1910-08-14
BONDED DEBT OF
COUNTY SCHOOLS
MUCH INCREASED
Reports of Township Trustees
and School Corporation
Treasurers Not as Good as
Was Expected.
SEVERAL TOWNSHIPS.
HAVE BONDED DEBTS
Improvements in Schools Over
County, Some Contend,
Show the Prosperity OF
taxpayers Of County.

Reports by the township trustees
and treasurers of school corporations
of the county for the fiscal year end
ing July 81, have been compiled by
county superintendent. c. w. Jordan
and it is shown that school finances
are in a rather bad shape. The bond
ed Indebtedness is now much greater
than it has been in several years and
totals 1928. go in the county.
OF this amount Richmond school
corporation has q bonded debt Of $751;
$3.50, the greater portion of which
was incurred in the issue of bonds
to meet expenses incident to the con-
struction of the new high school build
ing. None Of the other school cor
porations are indebted but there are
several townships which have out
standing bonds against them. includ-
ing Franklin, 5000: Green $4,000;
jefferson $4,000; Wayne $1s 400; and
Webster S9.140.
The fact that the school systems in
the county are heavier in debt than
for several years only indicates the
general prosperity in the minds of
many. These declare that it shows the
taxpayers are not handicapped by an
increase of taxes to meet needed i'm
provements to school buildings. They
say that II the times had not been so
good the school officials would never
have undertaken improvements with
out the required amount of money in
the treasury.
Good Revenue Source.
The revenue for the different school
funds is very large and it will be but
few years before the bonded in
debtedness of the school systems are
paid off, unless other bonds are is
sued. For instance the total amount
of the school revenue raised in the
county during the fiscal year was
$214.554.91, of which $91.276.46 was
placed to the credit of the Richmond
corporation. This was expended in
various ways including $41,516.76 for
buildings; $1,S49.26 to teachers for at
tending township Institutes: $11,776
70 for Transporting pupils in hacks to
and from the school: $15,247.57 was
paid in wiping out debts and various
other items. The total expense inNope-
rating the schools in the county was
$141,921.11, Of which $45.555.61 was
spent in the Richmond schools. The
Richmond school corporation had an
excellent balance to its credit with
which to start the schools next Sep
tember, 1t amounting to $44.71379.
The revenue raised in the different
townships and school corporations for
tuition purposes is as follows: Abing-
ton township, $3.43S.71; Boston town.
ship, $4,464.69; Center township, $S.-
S16.54; Clay township, $5.017.37; Dal.
ton township, $2.317.13; Green town
ship, $S,041.S4: Harrison township, ST.
96S.3s; jackson township, $6,47S.21;
jefferson township. $4.O0S: New Gard.
en- township, $5.63s.20; Perry town.
ship. $4,135.S1; Washington township,
$4.276.S1; Wayne township SIG. .O63 81
and Webster township $2.9S2.46; to-
tol in townships, $s2.741.sO; Cam
ebridg City corporation $12.62s.43;
Centerville corporation, 1883. 70; Dub.
lin corporation. $5.253.22: Hagerstown
corporation. $7.795.66: Milton corpora
ton. $5.042.SS; Spring Grove corpora
tion, $311.35: Richmond corporation
$1o6, 6,526.s2, making Grand total ot
$224,9SS.