The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1937-08-04
Countrywide
AK Rate Is
Set AT $1.O3
Increase Of l5c Due to So
cial Security, Debt Serv-
ice and Schools
&C LEVY FIXED FOR
CITY SCHOOL TERM

Henderson county'S county
wide tax levy for the fiscal year
which began July | is $l.03-an
increase of 10 cents on each
500 valuation.
In announcing the budget to-
day, II. l.. Durham, chairman of
the board of county commission
ers, pointed out that the aggre-
gate increase is due to a new
levy of z cents for old age assist
ance and child welfare aid, an
increase Of II cents for debt SER
vice necessitated by the county's
refunding plan adopted last year,
and an additional cent for cOun-
ty schools.
Taxable property in the county
is valued at $23,500,000.
In the Hendersonville city
school district, taxpayers will pay
6 cents more, this increase being
occasioned by the addition OF an
extra month to the eight months
term operated at state expense.
A supplemental school tax up to
rs cents was authorized at spe-
cial election, and the city school
board, complying with a state
ment made public before the
election asked for a tax OF III
cents, but the county board de-
MED the request and set the levy
at 6 cents. ,
On an estimated valuation OF
100000 in the city school dis
trict, the Scent levy would, with
a 100 per cent collection. yield
$500 for the expenses OF the
extra month. Collections this year
have been about 70 per cent, but
Mr.. Durham said the prospective
loss of 80 per cent was not taken
into account in fixing the levy Tor
this or any other fund to be rais,
ed by taxation. The city school
levy was arrived at by dividing
the cost of an eight months term
by eight, and then making proVi-
sion for the sum by estimating
the value Of taxable property IN
the district and fixing the tax at
a figure sufficient to raise IT, ,I IL
tax collections for 1887 so
amount to 70 per cent, as they
did this year in the county, the
supplemental fund for the ninth
month of school will yield approx,
imately $4,000, it was pointed
out.
The 6-cent levy takes into ac-
count a state increase of 10 per
cent in teachers salaries, MI
Durham said, and added that ne
believed it would be adequate.
"Any additional expense must
be borne by the state since the
state is obligated for the opera,
ton of the eight months term
he added.
In connection with the levy for
old age assistance and aid to de-
pendent children, Mr.. Durham
pointed out that the z cents pro-
vided is calculated to yield almost
$4,000, and that under the pro-
visions of the states social secur-
ity act almost $4,000 OF TINS
amount will be required for ad-
ministrative costs,
For the debt service fund, the
levy of 81 cents is calculated TO
yield $117,752.02, the levy beng
IL cents more than last years.
For all purposes, the budget calls
for $344,486.97, of which $lOI-
$50 will be derived from sources
other than taxation. OF the $lOf.-
$50, $23,S50 is miscellaneous
$63,50O will come from the state
highway commission, and SZo'ooo
from back taxes.
The budget as published else
where in this issue, shows furtheT
that the total amount to be raised
by the countrywide levy is $751;
1867. =,
In the districts outside of the
Hendersonville school district, an
increase from 6 to 10 cents Is
made for Mills River school
bonds; from 20 to 80 cents for
Edneyville road bonds, and from
Is to 20 cents for Hoopers Creek
road bonds.