

I. 



■ -Mk. 



The 



niinois A^cultural Assodation 



RECORD 



Published monthly by the Illinois Agrrioultural Association at 166 So. Main street, Spencer, Ind. Editorial Offices, 608 So. Dearborn St., Chicago, lU, 

 Entered as second class matter at post ofBoe, Spencer, Ind. Acceptance for mailing at special rates of postagre provided in Section 412, Act of Feb. 28. 

 1986, authorized Oct. 27, 1825. Address all communications for publication to Editorial Offices. Illinois Agricultural Association Becord. 608 So. 

 Dearborn St., Chicago. 



Number 9 



SEPTEMBER, 1932 



Volume 10 



A Bond Issue to Reduce 

 ill Property Taxes 



This Measure Must Be Approved by the Voters in November or the Prop- 

 erty Owner Will Have to Pay 



■--^'/■' ''■;:^'"';''^i^^^ By John C. Watson 



i 



EARLY in February, 1932, a series 

 of bills enacted into law pro- 

 vided relief for residents of the 

 state who were destitute by reason 

 of unemployment or otherwise. 

 These measures were as follows: 



The Illinois Emergency Relief 

 Commission was created and the 

 sum of $20,000,000 was appropriated 

 thereto. 



; Funds for immediate use were 

 provided by authorizing the sale of 

 state warrants in the sum of $18,- 

 750,000 in anticipation of collection 

 of taxes in 1933. 



$25,000,000 Authorized 



In order to provide a legal basis 

 for the issue of such warrants, an 

 additional state tax of $25,000,000 

 was authorized upon all assessed 

 taxable property for the year 1932, 

 payable in 1933. At the same time 

 a proposed state bond issue of $20,- 

 000,000 to redeem all such anticipa- 

 tion warrants and interest accrued 

 thereon was submitted to the 

 electors of the state to be voted on 

 in the general election in Novem- 

 ber, 1932. If the bond issue is ap- 

 proved, it was provided that the 

 additional state tax of $25,000,000 

 on all property should not be levied. 



If the bond issue is approved, the 

 state is authorized to withhold 

 from each allotment of money to 

 counties under the motor fuel tax 

 law (gasoline tax act) an amount 

 sufficient to pay such bonds and 

 interest as they come due. The 

 amount must be withheld from the 

 different counties in the same pro- 

 portion that the emergency relief 

 funds expended in each county bear 

 to the total relief funds expended 

 in the state. Under this plan any 

 counties WHICH HAVE NOT RE- 



TELL YOUR NEIGHBOR 



A bond issue every property 

 owner can and must vote for will 

 be up for adoption on a separate 

 ballot in the November election. A 

 vote FOR this proposal, in this 

 case, will be a vote for lower prop- 

 erty taxes. As explained in the ac- 

 companying article this measure 

 must carry or the property owners 

 of Illinois will be saddled with an 

 additional burden of $25,000,000 

 for poor relief. If the bond issue 

 carries, it means that poor relief 

 funds already borrowed on the 

 state's credit, and spent, will be paid 

 back out of gas tax funds. Explain 

 this measure to your neighbor and 

 urge him to vote for it. — Editor. 



CEIVED STATE RELIEF FUNDS 

 WILL PAY NO PART OF THE COST 

 OF THE SAME. 



This rather complicated arrange- 

 ment was unavoidable because pri- 

 vate relief funds in Cook County 

 were practically exhausted and 

 public funds had to be raised at 

 once to prevent actual starvation. 

 Because of tax delays and tax de- 

 linquencies. Cook County, where 

 the need was greatest, had been un- 

 able to sell its own relief bond is- 

 sues. The state's credit, however, 

 was good and could be, and was 

 used, to borrow against the afore- 

 said $25,000,000 state tax levy. This 

 levy, as before stated, will not be 

 imposed if the bond issue is ap- 

 proved. 



However, if the bond issue fails 

 of approval, an additional state tax 

 of $25,000,000 on 1932 values, pay- 

 able next year, will necessarily be 

 levied on all assessed taxable prop- 

 erty in the state. This means that 

 the 1931 state tax rate of 39 cents 

 must be nearly doubled in 1932. If 



such increased state taxes are re- 

 quired, they must be levied in every 

 county, whether it has received any 

 state relief funds or not. 



This heavy increase in property 

 taxes can be avoided only by ap- 

 proval of the bond issue. Every 

 owner of property, whether real or 

 personal, should vote and work for 

 its approval. 



To be approved, the bond issue 

 must receive a majority of all votes 

 cast for members of the General 

 Assembly, in the November elec- 

 tion. Every person who votes in the 

 election and fails to vote on the 

 bond issue, in effect votes against 

 it. 



Vote "Yes" 



Vote "YES" on the bond issue, on 

 the separate "emergency relief bal- 

 lot." 



Chairman of the State Emer- 

 gency Relief Bond Issue Committee 

 to work for the passage of this im- 

 portant measure is Earl C. Smith, 

 president of the Illinois Agricultural 

 Association. Douglas Sutherland, 

 (Executive Secretary, The Civic 

 Federation and Bureau of Public 

 Efficiency of Chicago) is serving 

 the committee as secretary. 



Wants Candidates Records 



Editor, I. A. A. RECORD. 



The publication of the actual vot- 

 ing record is the most valuable and 

 useful thing the RECORD has done in 

 political reporting. I hope you will add 

 an analysis of the records and make 

 recommendations from the farmers 

 viewpoint on all that are candidates 

 this fall. 



The RECORD is written excellently. 



HARRY L. DIEHL, 

 : ' ^ : Ford County, 111. 



