The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1922-08-11
CITY TAXES TO
RAISE s148,862
IN NEXT YEAR
Budget Ordinance Pass
ed by Council; Levy 33
Mills; Economy is the
Watchword.

Caldwell taxpayers will be asked to
dig up $l48862 rs for municipal gov
eminent for the fiscal year 1929.
The official city fiscal year begins the
first Tuesday in May.
The budget ordinance, passed at the
last meeting of the council in July,
appears today in its final form in The
Tribune, official city newspaper. The
tax levy, based on last years asses
sed valuation Of $3.50, 1890 is 80
mills the same levy that as made for
the fiscal year closed last May. Theor-
itically, the levy will raise $o8, 345.23
Utmost economy in the administra-
ton of general city affairs is the
keynote of this years budget Almost
every item of general administration
was cut for varying amounts. But
the saving made this way has been
completely absorbed by provisions
for sinking funds for interest on bonds
and to retire existing issues Increases
in this portion of the cost of operat-
ing the city are due to failure, in past
administration to prepare for bond re-
timents in amounts large enough to
meet these obligations when they
come due.
Cite City Hall
As case in point, the city hall bond
issue of $4,000, due in 1926, has a
sinking thus far of only $4,000 with
$1,000 left to be raised. Instead OF
approximately $500 being annually
set aside in this fund, it has been
necessary to made an assessment de-
signed to increase this amount to
$1,000. Several other issues are much
in the same condition and rather
than being confronted with the neces.
sity of issuing refunding bonds at the
expiration of these issues, the council
determined to use all possible re-
suouces to have cash on hand mat
urity dates to meet these obligations
Not only does the plan preserve the
city's credit but in the long run thu
cost to taxpayers is reduced because
of earliest possible bond retiremen
and cancellation thereby of the inter
est charges.
Thirty six per cent of the total cos
of city government for the presen
fiscal year will be devoted to bond
and interest. About 80 per cent goe
to the general fund for administration
purposes which includes salaries 70
city employees, support of the fire de
partment, band, for maintenance o
the city hall, lights, taxes, elections
printing and other sundry purposes
Twenty cent of the total levy goe
to the street department and of tn
remainder, about five percent is 70
parks, ~ per cent for the library an
2H per cent for the cemetery.
Cut Most Funds
Almost every one of the gener;
funds will this year experience Gu
The fire department. appropriation ha
been sliced from $4,000 to $4,000 .
the largest single item. But 9th,
small reductions have been mac
where this years experience h;
shown them to be possible
The total appropriation include
$4,000 for water works which, I
course. does not come from the ordil
airy sources of city revenue by Il
tax route. One increase was mad
that for parks, where $500 was add,
to last years appropriation. TIL
money, however, Is for the retireme
OF the city's share of paving bonds {
Memorial park and not for park a
ministration purposes.
While the budget ordinance ca
for total expenditure Of $l4S,So2.
and the levy will raise somewhat lie
than 100000. the discrepancy is d
to the fact that appropriations for I
seff-supporting water works dcpa
ment have been included in the bu
get as have numerous special asses
ments for sewer and drainage distr
purposes and which are listed as 81
Gals. not Included in the genral G
levy. Nor does the total levy inclu
the school tax, considerable item
itself.
-O