The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1933-09-27
31-CENT SLICE
IN TAX FIGURE
RECOMMENDED
Chamber Official Suggests
$158,067 Cut in City
Outlay.
REPORTERS BAN LIFTED
Proposal to Slash Old Age
Pension Fund Gains
Majority.

Budget reductions, including a
plan of refunding bonded indebted
ness. which would reduce the Cen
ter township total rate to 1924, in
stead of s3.15, were advocated to
the county tax reduction board by
the indianapolis Chamber of Com
merce today.
Leaders in the fight waged by the
Indianapolis Real Estate Board re-
fused an invitation to present their
views to the board in the final pub
lie hearing on 1884 budgets.
At the close of the morning seS-
sion, the board voted to permit
newspaper men to attend all hear
ings for the remainder of the ses-
sions until midnight Saturday.
Suggest Rate Cuts
Under the Chamber proposals, de-
scribed to the board by Charles Coy,
the city rate would be reduced "a
cents from s1.31: the county rate,
1O.1 cents from So cents, and the
school city, 1853 cents from SO cents.
The report seconded the majority
opinion of the board that the old
age pension fund should be slashed
in half from the 5000, 900 requested.
The city budget would be slashed
S158. OCT "A. under the plan presented
by Coy. ano s4l2.285 would be cut
from the school budget. In the
school budget. the major saving
would be accomplished through in
clusion of S324O00 fund from the
state, due in July.
Teachers Would Wait
Coy argued that the money could
be anticipated. and that teachers
would be willing to wait for their
salaries until the state aid was re-
ceived.
j. Harry Miles, president of the
real estate board, and Lawrence
Holmes, executive secretary, said
they we're prepared to give the
board opinions of attorneys regard
ing interpretations of the $3.50 law.
after coming over here and lis
tening to Coy's reception, We decid-
ed not to attempt to tell the board
ANYTHING" Holmes said. They know
what we want. and it would be use
less to discuss the matter any fur
Their"
Our attorneys have advised us
that the tax adjustment board has
no power to declare an emergency,
and We hold that no emergency ex-
lists" Holmes asserted.
Court Ruling Cited
The board sought the advice of
city. school and county attorneys
the other day. and today we were to
give them the other side of the legal
points involved, for their considera-
ton in writing their rate order"
One of the principal cases to have
been decided by the realtors attor-
news is the Indiana supreme court
decision last summer On the Ko-
komo courthouse case.
The decision, as explained by at
torneys, removes the complete juris-
diction in tax cases from governing
officials and opens the way TO
judicial interpretations on the Off
Gals acts.
Legal Action Forecast
The local real estate board al
ready has warned the tax adjust
ment board that. if the tax levy is
left above $50 and an appeal to
the state tax board fails. the courts
will be petitioned to determine
whether an emergency existed.
Late Tuesday afternoon, discus
sion of the old age pension fund dis
closed that apparently a 5-to-2 ma
jority had been gained to a proposal
to slash the 100000 appropriated
by the county council to $50 900.
Members in favor of the slash
pointed out that the sum would pay
a $3.50 annual pension to 500 per-
sons. which was held TO be the max
imum number of pensioners who
would be investigated during The
first year of operation.