The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1911-09-05
due before the first of the year 1925
In interest.

uuc UeIOIc tHC hiot VI 'hS ySoA |"bsso
In interest.
VIII Reduce Balance.
This will reduce the present bal
ance to less than $4,000. But the fall
installment of taxes will bring in ap-
proximately $4,000 and the first OF
next year will find the bond fund with
about $4,000. Approximately $4,000
will have to be raised by taxation
therefore next year. The present levy
is Z cents. This year the new appraise-
ment of real estate has raised the to-
tai valuation Of the county to $34,-
100000. Making allowance for lib
eral percentage of delinquencies and
any possible errors in the abstract as
compiled, the basis on which the rate
can with safety be made is $33,50O,-
900. A levy of cents will produce
$4,000 for the bond fund and leave
. balance for the year following. This
de a net decrease OF cent from the
present years bond levy.
Taking up the county fund there
must be eliminated from the estimate
lof $1SO,OOO the following: 10000 for
bonds and interest payment which is
taken care OF by the special bond
Aevy; $500 for care of the township
kDoor. which sum is paid back to the
bounty by the special levy In each
township, and $21.0 900 for voting ma
chimes. The latter item is included in
the budget of the commissioners. In
kevent the council votes against the
purchase of the machines the item
kcAnnot be considered at ALL In the
lovent council votes In favor OF their
purchase 1t Is certain that no pay
|ments thereon will be made during
Nhe year 1912. The net amount, there
More, which must be provided for dur
hing next year for strictly county pur-
kposes will be 100000 to which must
lbe added any expenditure to be made
during next year which have not been
anticipated in the estimates. Based
lon former years record such emer-
lgency appropriations will not go be-
yond $4,000, thus giving total OF
I3l45,80O for the coming fiscal year.
There must be taken into account the
fact that there will be a comfortable
balance in the county fund on jan
luary /, next and q conservative esti-
mate is $4,000. This reduces the
amount to be raised by taxation to
l$96, 900. Taking the valuation of $780,
100000 levy of 30 cents will prove
lsufficient. The states levy carries
with 1t fractional rate Of 1920 of
cent and In order that the aggregate
state and county rates may be free
from ouch fraction the county pro-
vides the missing fraction of 3.2O OF
q cent to make up the whole. A rate
for county purposes Of 80 3-2O cents
would be q net reduction OF cents
40 compared with the present rate.
viii Increase Levy.
The board Of county commissioners
Axes the levy for free gravel roads
and the council has nothing to con-
slider there. The commissioners have
announced their determination to in
crease this levy from cents to In
order that beginning with next year
more attention can be given to the
turnpikes Of the county. Even with
this increase. however. the council by
reducing the levy on the bond fund
i cent and on the county levy 4 cents,
will find net saving of 3 cents on the
levy % compared with this year. This
means q saving Of $4,000 to the tax
payers. The county Is under moral
obligation to build a bridge over the
Whitewater river as promised several
years ago when the bridge fund is
sufficient and another year with the
present rate of l cent should bring
the total within striking distance Of
realization. One year with an in
creased rate for this purpose would
enable the county to build the struc-
ture long ago promised without Grip
pling the treasury a particle.
As to the bonded debt of the coun-
~ there are now outstanding $4,000
of court house bonds. the last coming
due December I, 1913. In addition
there are $4,000 refunding bonds due
In series of $4,000 annually begin
ming with 1914.
The court house bonds bear interest
at the rate of s per cent per annum;
Sefunding bonds AZ per cent.
Very respectfully,
DEMAS s. COE,
Auditor Wayne County