Author Description

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909. Excerpt:... Various sources. The revenues of the city school district are derived from various sources. The two most important are the state and county apportionments and the local property tax. A very important source of revenue for the city school district, though a secondary one, is that of bond issues. There appears to be a tendency towards depending more and more upon the issue of bonds for revenue for school-house construction and other permanent improvements. If limited to these purposes this source of revenue is a very proper one. It is, however, sometimes employed to secure revenue for other, temporary purposes, a practice which should be severely condemned. Another source of revenue is found in the sale of school property. Interest on unappropriated school funds constitutes a source of revenue for the city school district, which has only recently begun to be recognized. Poll or personal and excise taxes, fines, and tuition fees paid by non-resident pupils, constitute other sources of revenue of varying importance. Corporation and inheritance taxes are also sources of revenue in a few instances. From the point of view of immediate needs and funds with which to meet them, the not uncommon provision authorizing boards of education or other authorities acting in behalf of the city school district to borrow money in anticipation of current revenue becomes important. State apportionments. Some of the states have established permanent school funds, the income from which is regularly apportioned to the various local districts of the state upon some established basis. In some states a general tax is levied, or regular appropriations are made for the support of the public schools within the state. In a few states there is also a county tax, the revenue from which is...