Evening star., 1936-06-23
MONTGOMERY TAX
RATE CONTINUED.
Commissioners Adopt Budg.
ct of $2,460,612 and
Keep $3.50 Levy.
BY JACK ALLEN,
STAFF Correspondent of The Star.

ROCKVILLE, Md, June 23.-The
general tax rate of $3.50 on the 500
assessment in effect in Montgomery
County during 1856 was re-enacted
by the county commissioners today in
adopting $2,460, ,61292 budget for the
new fiscal year beginning July !.
Members of the board voted to levy
for 81 ,585, ,437.63 of that amount, while
refunding and school construction
bonds authorized by the State Legis-
lature will be used to meet $537, 900
in other obligations maturing during
the year, with reserve receipts furnish
ing the remaining s337,979.29.
The financial program as a whole
is 1904, ,479.62 less than the current
s3,364,9 4,914.52 budget, but the decrease
is due almost entirely to a sharp drop
in refunding and school bond require
ments and will not reflect in the
general fund on which the tax rate Is
based.
S7,413,6S7 Jump in Assessments.
The appropriations to be financed
with proceeds from the levy actually
are $75,199.92 more than those en-
bodied In this years budget, a Stab
687 jump in the assessable basis of
the county offsetting the raise and
permitting the commissioners to con-
tinue the $1.50 rate.
Major changes In the general fund
include increases Of $63,5l9 in the ap-
preparation for operation of the public
schools, $35, 1859 80 in the ALLEGATION for
bond retirementS and interest charges,
S11 ,202 in the elections fund and q
$10,618.50 decrease in the Police De-
partments appropriation. A number
of other accounts underwent minor
alterations.
The budget as whole embodies an
increase of Sill ,096 for welfare pur-
poses, but with the exception of an
increase Of $2,093 in general funds the
difference will be met with old age
pension and other social security
grants from the Federal and State
Governments.
Debt Charges Drop.
General county bond retirements
and interest charges on those obliga-
tions fall S24o, ,983.74 below the 1856
figure. The difference, however, lies
principally in the sums to be refunded
or paid out of reserve receipts and the
general fund appropriation is $685.
1890 more than this years alloca-
ton for the same purpose.
The $7,413,687 increase in the as
sessable basis, giving the county q
new mark of Sl11,527,037 in taxable
property, includes s6,187,271 in real
estate and other items which bear
the S1.50 rate. The remaining 81 1885,
416 is made. up of securities, shares
and other holdings which bear the
3o-cent rate fixed by State law
1t is estimated by the commissioners
that $1,350,93443 will be raised By
taxes on real and personal property
with the remainder of the money
needed to meet appropriations under.
the general fund to be derived from
the following sources:
School Levy Largest.
Motor vehicles, $54,029.85; shares
corporation, $1o,o23.43; ordinary busi-
ness, $4,620.82; non-stock corpora
tions, $93503; securities, 30,654.70;
bank shares and corporation shares,
$7,56684; savings bank, $4,603.l7;
franchise. $2,032.2 interest on taxes,
$4,000; entertainment licenses, $4,000,
and miscellaneous $4,000.
The largest item In the budget to be
financed with general revenues Is
S669,210 for the public schools and
1895, 5,54310 for bond retirement and
interest charges. other appropria-
tions to be met from general revenues
follow:
Assessors and assessing, s10,3so; as
sistant county agent, 5000; attorneys,
S6,520 auditors, $4,000; Board of
zoning Appeal. $1,000; building in
spection, $3.50; Circuit Court ex-