The Kennewick courier-reporter. [volume] (Kennewick, Wash.) 1914-1938, 1934-09-13
SCHOOL BOARD .
EXPLAINS NEED
FOR2-MILLLEVY
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greatly improved during the past
year. The high school building was
given almost a new floor foundation
on the ground floor, and new hard
wood floors throughout the building.
This cost the district out Of their
budget approximately 100000, but
brought into the district some $1,000
90 in federal money for labor and ma
terials. A physical education and play
field was developed during the past
year and the student body Of the high
school mot the district" put up $500,
and some $1,500.00 was received
from the federal government for ma
terials and labor, thus the district re-
ceived approximately S6,500.00 as q
gift from the government in addition
to the local money spent.
The exact financial condition of the
district at the close of the school year
June 80, 1884, was as follows:
Cash balanace .....-.-.--.--.-...-.$ 2,376.OO
No Understanding war. &C.,.
Cash in bond fund .............. 1885, %
Bonds outst'g.- $40,295.05 .......
! Delinquent taxes .-...--..-.-- 1t, 10000
The item of delinquent taxes was
greatly reduced as delinquent taxes
were cancelled when certain proper
ties were returned to irrigation dis
tricts. . s-~..s....e.+g ..,--s. --...-.-.5
Our estimated revenue for the COM
ing wear without a levy amounts to
s50,374.56, and our operating budget
is S48,965. 90. This seemingly would
give us plenty of funds with no wor-
ries. But looking at the situation
from business point of view and
considering past years as barometer
in regard to tax payments, should we
go ahead and spend our operating
budget, which would be perfectly le-
gal. It would leave the district with
quite good deal of money outstand-
ing in interest-bearing warrants,
which is not a good business situa-
ton for any district. The past shows
that taxes have not come in any
where's near a 100 percent basis. Al
though the law would permit US to
spend the S50,374.56 budget this year,
which we do not expect to do, we are
going to recommend to the district a
two mill levy, which would add to the
s50,374.56 budget approximately the
sum of $4,000
The reason for this is to maintain
the district on the cash basis that it
is at present Regardless of the addi-
tional levy the district promises that
it will not spend more than the operat-
ing budget. Should the taxes come in
at a better rate than past years, the
money would show as cash balance.
Should there be cash balance at the
close of this coming year, the cash on
hand would be applied against the
bond issue, which would help to de-
fray all of our outstanding obligations
at an early date and take away the
item of interest. The two mill levy
would actually mean to the average
/ taxpayer, having taxable assessed
valuation of $4,000, an additional
| tax of $1.00, and most Of you know
ing conditions as they were a year
ago, would not feel that this would be
money well spent in keeping your dis
/ trict on cash basis? The reason
Our operating budget is higher than
the year before is due to higher prices
ton supplies; on the state requiring
additional new subjects in high school
I which necessitated an additional
teacher.
At the public hearing held earlier
/, in the year, patrons present, after a
thorough discussion, voted unanimous
ly recommendation to the board
asking the board to present the two
mill levy to the voters. The school
administration is presenting the mat
ter to you, as in our judgment it is to
the best interest of the district to con-
slider he levy at this time.
! The Courier-Reporter recently stat
ed that the County Review Board had
turned down special levy budget for
the district. This was an error as the
County Review Board committee has
nothing to do with any levy in excess
of the original ten mills. This two