The Meeker herald. [volume] (Meeker, Colo.) 1885-current, 1922-10-07
What Does the Six Million
Highway Bond Issue Mean?
1t Means $4,000 900 Available for Building State High
ways During the Next -Four Years.

which the taxpayers will vote OH at
the November election mean to the
people Of Colorado?
The answer Is simple. 1t means the
capitniixing Of 100000 annual reven-
nc into $G.OOOOOO ready cash at the
rate Of $1,5OO.O00 annually, and there
by securing an additional $8,O0OyO 1000
from the National Treasury.
1t means the spending Of 1000 900
on the highways OF Colorado during
the next four years without one penny
Of additional taxation.
Here's the way 1t works out.
By taking the State Highway d.
partment's one-half Of annual motor
vehicle license collections, a fund suf-
fclcnt to pay the interest and retire
SG.OOO.OOO will be created.
The auto license collections total
nearly q million dollars this year.
One half Of this money Is distributed
to the counties In which II Ii collected
The other half of the license money
Is turned over to the State Highway
Department to be used for road build
ing and maintenance purpOseA
The terms Of the proposed bond
measure do not include touching .
single dollar of the counties share Of
the motor vehicle license money. aud
this will he distributed to the counties
just as 1t has becn heretofore.
The bonds will be issued at rate
not to exceed $1,000 per annum.
Congress has already appropriated
sum Of $75.OoO,0OO to he appropriated
among the states for read building
purposes during the next three years.
Colorado will be compelled to pay
her share of this sum into the Federal
Treasury. regardless Of whether the
100000 bond issue carries or not.
Laws already have been enacted for
It's collection and distribution.
The only way that the citizens Of
this state can possibly beneht from
the payment Of these Federal taxes 10
from Federal Aid road funds applied
In this state. And this means the pas
sage OF the *0OUOoU bond amend'
ment.
Otherwise Colorado's share OF the
Government Aid will 90 back into the
Federal Treasury to Ike appOrtiOned
among the other states that Will eager
lygrasp the opportunity to match it
on 4 "fifty.ffty" basis.
by matching Federal AID Colorado
not only keeps at home money when
otherwise would go to OTHER states
but 1t will be possible to continue the
present road building program whicn
has met with high favor all over the
state during the last TWO years.
II will provide employment for an
average OF 6OOO men on the roads OF
Colorado during the next four years
to say nothing OF the wealth that VIII
accrue to the people OF the state
through Increased land values mhde
possible hy road improvements
Since the circulation Of the elector-
al petition relative to the New BOND
Issue. several pertinent questions have
arisen which this article Will answer.
Question ] We voted *o'OoOOo OF
Highway Bonds In 1918 Why do we
need another Bond Issue
Answer Some time In 1927, the
s5,OO0.OO OF Highway Bonds VIII
have been used up. One-half OF this
amount went 10 the co"hties' III"
no" oeihg spent o" hohi iSs"e pi"
)ectA ihe other hah 's pehs useo ""
Federal aid projects. 1t VIII require up
pro4mate'y *"'UU'o" 10 meet 'e'..
al Ala a'ready oo'leated 'oee'her VII"
that oHered 10 uS "urihg the next io"'
years