The Nenana daily news., 1919-01-02
SCHOOL FINANCES
 ARE SATISFACTORY

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 According to MT. Scott's figures, approximately $500 has already been collected in school taxes for the year, which came to a close Tuesday, and there still remains for collection about $675, made up as under
 Taxes due on real property $500 Taxes due on personal property $75
 It is expected that approximately $200 of the real property tax due will not be collected, on account of the fact that some of the lots have reverted back to government ownership.
 The territory of Alaska pays a large portion of the expenses of all schools, or about 75 per cent of the expenses incurred in salaries of ! ISdCHeiS, JdHlIoI SeIVlCe, neat ana ! light, and where the cost of such is not in excess of 10 per cent of the regular fixed charges for run ming expenses, the territory also pays 75 per cent of the mainten- ance cost of the buildings.
 On the basis outlined, the terri tory pays approximately 60 per cent of the total expenses incurred in running and maintaining the school and the city pays the remaining 40 per cent.
 It is necessary, however, for the school board to pay all of the ex- penses in the first instance, for which purpose it is very necessary that it should be in funds. On an accounting being rendered to the territorial authorities by the School Board, and after an indefinite lapse of time, the share of the expenses borne by the territory is returned to the School Board in the form of refund.
 l Last year, owing to a lack of funds to carry on the work of the school, # was necessary to request the Northern Commercial company to advance the necessary money to cash the warrants, which they cheer fully did. This year George w. Pennington used his personal funds for the same purpose.
 The collection by the School Board of the present tax places it in good shape to meet the necessary expenses to carry on the work of the school until the usual refunds are received from the territorial treasurer
 It is stated to be the intention of the School Board, working in conjunction with Townste Manager Joseph to go very carefully into the valuations of real property in order that the school taxes for the coming year may be based on as nearly as possible on the actual values The val ues are subject to fluctuate to meet the changed conditions in different parts of the town.
 If, during the next school season, the growth of the school shows no very great increase and the city remains as it now is, there is every reason to believe that the amount of the taxes collectible for school purposes fill be less by approxi- mately 20 per cent than the taxes collected this year.
 But, as confidently expected, should the city grow and the re- quirements of the school also grow larger, needing expansion in all it's branches, requiring additions to the teaching staff, it would, by reason of the territorial aid given, add approximately $500 to ,he city's normal expenses for school purposes.
 If enough families can be in- duced to come to Nenana with their children and the growth of the school demands the use of the en- tire building, the town of Ncnana will be the gainer in more ways than one.
 ARCTICS MIXED;
 EXCHANGE DESIRED