, 1935-08-11
INCREASE

LIN Nv
CONTINUED from Page one)
50 cents. 81 Of which was for main
tenance and operation and the re-
naming 46 for the bond interest and
sinking fund. This Is cent figure
will have to be increased consider
ably, but the exact amount has not
been figured. County leaders have
indicated that there will be no in
crease In the levy for maintenance
and operation (52 cents), and an ef-
fort will be made to lower this fig
ure, but 1t Is inevitable that the As
cent levy for interest and sinking
fund will have to be increased due
to fact the interest rate reverts back
to five per cent from three.
The refunding agreement, enter
ed into by the prior commissioners
court, covered s 1.374.000 Of flood con-
troll bonds and $5.496,000 Of read
bonds. The refunding operation also
resulted In issuing s264.500 addition
al bonds to cover previous defaults
Lowers State Taxes
we have in effect cut valua-
tons 10 per cent on ordinary real es-
tate, and 20 per cent on irrigated
land" says County Judge o. G.
Dancy but nothing on personal
property or improvements. Conser-
v~attvely. valuations will be ten per
cent less than they otherwise would
have been, but this cut Ia valuations
helps nothing on interest and sink
ing fund tax, rs when we cut valua-
tons we have 70 raise the rate on
bond taxes"
The cut In valuations viii, how
ever, lower the amount OF money to
be paid In state taxes and In county
taxes for maintenance and operation.
The 81 cent maintenance and opera
ton tax for the county will be cut
So per cent, and the state tax Of g.
cents. q reduction Of Is cents, vii
be rendered by 81 per cent.
This cut IN state tax Is cut Of the
school fund" Judge Dancy states. sc
we get the fun maximum Of IS cents
ad valorem tax, less 10 cents. which
we think will take care Of the flood
control refunded bonds"
I'VE are helped In the total tas
burden by reason Of the stct- ~
Of Is cents as well as our own cut
in valuations. We will also be
helped by the fact that the one
cent gasoline tax will help us more
this year than last. We estimate
that this help will be q little over
500. 900 this year.
-We have 1862, s72-s1 OF oul
bonds which went into state high
ways In which the state iS now
participating out OF the one-cent
gasoline tax to the extent Of al
interest this year. and about rs
percent OF the principal maturing
this year, which will only be about
SIS, 900. We are hoping to get the
santa Rosa cutoff, which was con-
dit.onally designated May %, 1882
tsken In, which would make a little
over $4,000 900 in which the state Is
participating"
Judge Dancy warns against any
foolish attempt at economy. stating
IT might add that II we failed &c
levy proper tax to be approved by
the Board OF County and Road
District Indebtedness, we would
forfeit our right to participate ir
the gasoline tax. To take any
cnance OF throwing away this more
than 100000 is unthinkable."
Expect Road Aid
The state IL expected 10 parti-
cipate In the S600,OO debt on the
Boca Chica highway In the near
future. The state has agreed, large
~ through efforts of State Repre-
sentative Augustine Celaya, to take
over this highway providing the
county furnishes l00-foot rights
of-way. This work is being pushed
at present. and will likely be COM
pleted within three months. This
will lift a considerable load from
the taxpayers Of Cameron county.
Even with all this participation"
Judge Dancy says, land help froni
the state, our road bond tax in this
COullN ID, anu 4AOAA AlCAC OAA OAN
will be approximately so per cent OF
the total tax burden. Every cent OF
this. better than 60 cents can be
taken off of property by four le-
gislative acts, one Of which would
involve q change in the construction
TO get quick action on the con-
stitutional requirements, demands
that the Fourth constitutional
amendment submitted on Aug. "a
be carried. ! here now appeal 10
every taxpayer In Cameron county
to vote for said constitutional
amendment NO. 4.
Let me In conclusion urge every
taxpayer to vote for Resolution -Four
which to say the least will give a
fighting chance to get proper con-
stitutional amendment submitted
in September TO begin the lowering
Of our bond tax"
- WA