Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1921-04-13
SOLONS CUT DOWN
APPRGP RIATIONs
Tax Legislation May Not Be
Necessary.
BLAINE SIGNS TWO BILLS
Measure Gives Tax Commission s74.-
275 Emergency Appropriation and
$500 fer the Care of Me-
moral Hall.

MadIsou. Because of the vet0ing Of
two financial measures by Governor
Blaine. the spirit " caution IS pro-
nounced In the legislature. and both
branches are now endeavoring 10
show the governor how appropriations
can be reduced.
Il Is probable that. as a result Of
this rivalry now started. appr0pria-
tons viii be cut down 50 that tax leg
islation may not be necessary.
The finance committee Is not yet Tar
enough along 20 make an authoritative
declaration. but Its members privately
express the view that there Is little 10
sight 20 Indicate a drastic change In
fiscal conditions. In its recommended
tons the committee Is closely follow
ing the program Of the board Of public
Affairs. which was framed % be within
the estimate revenues.
Two appropriation bills were signed
by the governor These give the tax
commission the STATS emergency APP
preparation and an appropriation u
$500 for the care of Memorial hall
FOR the next two years.
Assemblyman Sachtjen's resolution
Tor the appointment ~ a special cUIn-
mittee % investigate the feasibility Of
q state-ounsd cement plant was adj
vanced % engr0ssment by the senate.
The senate also advanced 90 engross-
meut the YOung bin TO increase the
maximum interest Tate ~ county
bonds Tor highway prrposes from 10
q per cent.
The Bizlow bin TO advance the open
ing ~ the bass season from July %
June r. was killed Z 90 g. Engross-
ment was given the Nye bin allowing
the prsfpuument ~ tax payments for
other than state taxes for six months
The entire field ~ the teachers re-
tIrement fund legislation will lie
fought OUT before a committee 81 the
legislature AsSemhlyman Robert
Caldwell. Lodi has just presented his
bin Tor the repeal ~ the teachers re-
tirement fund law and Tor the repay
meut 20 teachers ~ all funds which
they have contributed
The special committee which has
been investigating the matter has just
presented 10 the committee having All
hills on the subject under considera-
tiOn a report. in which the committee
declares:
That a state retirement system be
established % b. administered by an
annuity beard appointed BY and re-
spOnSible Co the governor. with the as
siStnnce ~ separate boards represent
ing the teachers In the public schools,
the normal schools and the university.
That the teachers On an ~ the edu-
catIouaI institutions of the state be in
cludei in the retirement system
That tire benefits at retirement be
provided which bear n proper relation
% the are. service and compensation
q the teacher. That such benefits on
account q service hereafter rendered
- provided by a system % deposits
made currently hy the teachers and by
the state on account ~ the teachers.
That the deposits made by or for
each teacher be allocated % provide
the benefit Tor that teacher. and be
not subject 20 forfeiture either at
death or withdrawal. or by failure 10
comply with age or service require
ments.
That an such benefits Re paid from
a reserve fund which shall az all times
maintain assets equal 10 the net pres
enf value ~ the future benefits. and
not less than the reserves required for
similar benefits payable by domestic
life Insurance companies.
That an teachers who were granted
aunuitles under the teachers inSur-
ance and retirement fund law be as
s1red the continuance ~ their annui-
ties without reduction. and an teach
ers who were assessed under that law
BE- assured that they shall receive an
nulucS not less than they were prom
ised under the law.
That benefits - provided by the
state On account ~ service rendered
urior 60 the establishment ~ the new
system. That such benefits he sub
stanrIaly the same as would have nc-
crued from deposits nv the state II the
~tsEhaNe aAA NFtN l'EtANt AsfA @AAtA A~N
establishment ~ the new system.
That n contingent fund be created
and maintained by state appropria-
lions. from which the payments re-
CURED under articles 9 and shall be
mafe
I'm Is found impossible 20 provide
Tor the adequate support and mainie-
nance 81 the teachers insurance re-
tirsment fund. the law should be
repealed and the funds liQuidated.
state Capitol az Small ccst
That the total cost ~ the beautiful
state capitol represents an investment
a. only $50 per lnhahitant Is the
statement u J. &. Mack. state engi-
"a. H.