The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-01-29
system is
PART Or REVENUE
PLAN Of CLARK
Method Of Financing Cities
and Towns Which Has Long
Been Advocated in Munich
pal Circles Urged by Senator.
tstatc Capital bureau
COT Evening Hcrald
(5f he Vargas Hotel.

Santa Re. n. A., Jan. Ex-senator
Clark'a three remaining measures TO
round out the taxation ana revenue
system he has introduced are now be-
fore the senate finance committee In
printed form. They include the bud
get system for counties. cities and
towns, a system which has had strong
advocates afnong municipal hnanciers
IN Albuquerque for years past the
bill FOR the assessment OF ~trnnsporta-
ton and communication liner and
the measure limiting the tax leyies
for state, county and city purposes.
The budget system measure follows:
lBe Il enacted by the legislature %
the state OF New Mexico.
Section l. on or before the hrst
day OF SEPTEMBER OF each year the
state tax commission shall furnish 10
the county clerk OF each county. the
clerk OF each city, town or ~villase.
and 10 the clerk IL each school board
or board of education. a form or
forms upoa which the budget OF such
county, city, town, village or school
district shall be made. In such bud
set there shall be presented In the
manner prescribed and ordered by
the said commission, the expenditures
FOR the past fiscal year. the revenues
Of that year. tho estimated eNpendi-
lures FOR zach and every purpose for
the next fiscal year. beginning Decent
Der hrst. the estimated amounts Of
eveuue exclusive OF taves, and the
amount OF taxes TO be levied 10 pro-
vide for the estimated expenditures.
sec. 2. such budget form shall be
submitted to the board OF county
commissioners, city or town council,
village board or school board or board
OF education as the case may be. The
budget for schools shal' when pre-
pared by the school board, be sIbmit-
ted to the board OF county commits
sioners or 10 the city or town council.
or villagc board CO the school be un-
der "A city, town or village board OF
%eduoationl for the consideration OF
such board as q part of their budget
and FOR thSlr approval.
Sec. 3. such budgets shall provide
| for the Interest and principal on the
debt Of such county. city. town, VII
laRe school district. and FOR such
other purposes authorized by law as
such a board or commissioners. city
| or town cGdncil, village boarG, school
bo"rd or board OF education may IN
their discretion provide.
Sec. T. Upon the completion 90
such budget, and not later than Octo-
Der first in each year, the same shall
be published In "a paper or general
| circulation in such county and % copy
thereof shall be transmitted o. the
| state a commission.
Sec. 8. Upon the receipt of such
| budget the state tax commission shall
examine the same. II such budget
shall be found regular In an respects
IL shall he approved and UGH APP
prevail shall be certified 20 the board
or authority making the budget. IL
case the budget shall exceed the
amount or amounts authorized by law
to be levied or expended, the state taa
commission shah disappruyc the same
and return the budget To the propei
authority for reformation.
Sec. 6. Debts may bc incurred un'
der the appropriation auth lied 10
such budget 10 the amount OF the ap'
Precipitation. but TO no larger extent
All purchases made. employment au'
thorized or contracts entered int,
shall oe certified as to the existenc,
OF any unexpended appropriation
therefor By the clerk of the county
city, town or village or school district
in such form as the state tax commits.
sion shall prescribe. and unless 8,
certified, no binding contract may b'
entered into by any county, city. town
village or school district. Any pctsor
permitting or attempting to bind an
county. city, town. village or schoo
district without the certincation hercii
provided for shall De guilty ~ a mis-
demeauor and shall be punished Do.
Ia fine OF not less than twice IN
lamount OF such purportcd contract %
Iagreement. or boy Imprisonment fo
more than six months or both, n h
shall also be personally liable for an
DAMAGES arising from such transac