The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-07-08
INDIANA TAX LEVlES
Of FIRST SIX MONTHS
TOTAL S6,679,23742

INDIANAPOLIS, Ind, July S.-Rev'
enues amounting to s6,679,23742, in
Guiding taxes and incidental collec-
lions, have been received by the au-
ditor of state during the first hall OF
the year, according to the seml-an-
nual settlement with the 92 counties
Of the state, which has just been com
pleted.
OF this amount s337,949.76 came
from interest on the common scnool
fund, the permanent endowment fund'
unclaimed fees and docket, fees, leaV'
ing $6.341, 28766 as the amount derlV-
ed solely from tax levies, which TINS
year aggregated 20 cents on the SlOO
valuation for state purposes as against
Is cents last year.
The revenues for this year were de-
rived on assessed valuations OF So
S3S.717.O49, as against s5,749,25S,Soo
the previous year.
2 Cents a 500 Increase
Though the net levy increase
amounts to 2 cents a 800 for this
wear. levy increases individually ag-
gregate 8 cents, as the school FUND
was raised from So cents $500 TO
Sc, and the benevolent fund from SO
cents a 500 to SO cents, with a new
levy for the soldiers memorial fund
of 6 cents a 800. However, the gen
eral state levy was cut from cents
A 800 to l cent, making a net In
crease of cents a 800.
A distribution of the revenues by
funds shows that the general state
fund is credited with S414 85S.71, o.
l. a ACl
of the last Legislature, approximately
s2S5, 900 will be diverted to the edu
cational fund.
The general state fund will be de
creased proportionately and the stat'
will have to look to other sources tol
maintenance funds to offset thi!
switch of $2S5,000.
School Distribution
The state school fund, for the com
mon schools, gets 1888, 1854. while
the vocational fund, another educa
tional distribution, gets S61,454.9i
making a grand total in the three
funds devoted TO educational purposes
common schools and higher instltu
tions. of S2.754,210S1 from tax levies
in addition to the incomes from IN
vested funds of 1925, 643.23, Of which
1902, 707.37 came from the common
school interest fund and S22,93o.6
from the permanent endowment Juno
The vocational fund will be split be
tween the common schools and Pun
due university, the distribution to D
made by the state superintendent o
public instruction.
The state school fund. augmente
by the common school interest an
unclaimed fees. which for the 81
months amounted to $872.S3. make u
what is known as the school revenu
fund for tuition and other purpose
and goes back TO the counties on
apportionment made by the state d.
partment of public instruction, sa
attaches Of the auditor of state
office.
Memorial Fund
The six-tenths OF l cent 100 lev
for the soldiers memorial fund pre-
duced s179.776.30 during the first ha
year, which will be distributed accord
ing to the legislative act creating tn
fund.
The SO cents levy for benevoler
funds produced S1,345, S5017, while tn
highway fund amounted to $1,196
5S417.
Funds for educational purposes an
for benevolent institutions absorb III
greater portion of the increased re
enues, the other funds profiting mai
ly from the increased valuations
about 1000, 100000.