MONEY 



• • • • 



By 

 L. H. SIMERL 



CHARIII Iciiiiivoi. ■vtupptd lii^ tr.ti 

 iiir .11 (Ik iii.iill'ox l-'roir. it lu 

 tn> k ,1 .J.iiK p-i|H r. .1 (.irni inai;.i 

 /iiii. .iiui .111 iilfuLil lixikint: liHtr 

 Attir rciiiiiit; ihc' ntwsp.iptr luudliiK-. 

 Ill op< iH >l tin letttr It w.is tnitn tin 

 lo.iiin t.iN ,<illi,ti>r .ii'.ii ^tuit.iiiuil 

 ( li.irlu' ^ proptrtv t.iv I'lll 



( JLirlic t A.iiiiirKii tin hili tur a 

 nioMHiit TIrii lu i\plo,lni llkl 



mmi.irurf .itDiiiK lxitiili A sutnm.irv nt 

 ( li.irlii. s rtin.irk wodkl Ih how is .i 

 ni.in ixpntiil i.> r.iiM .1 t.innlv .iiui p.i\ 

 tiiv .Iti'ts with the priKs 111 l.irtii prciJ. 

 lilts L'oiil.i; louir .iii.i /.;■■. i ' ;i /.'.". i /,■(• 



I Ills lli.iv sixitl.i milt iiiiw hut .{ idl 

 ot ilhiiuis t.iriiurs in.iv tiiul thcmsthts 

 111 ( h.irln s sluiis .i Itw \iars hin^i 

 1 lu itu ri .isi. Ill t.i.sts iii.u idiiu- .ti^(u;t 

 .is .1 nsiill 111 in \s l.tws uhkli h.i\i 

 hull cii.uti.i h\ till ll.'inuis Cmur.il 

 .■\ssniihl\ IIksi. l.isKs uill pcrrnii 



l.iri;!.' t.i\ iiuri..iM.s m .ihimst (\(.ri 

 iiumiv III till- .Sf.iti .^ltl.r the cxpir.i 

 tioii o! Iiiiipur.in iiiiiil.it mils on sm h 

 t.i\ in>ri.iM.s III ni.iiu . mint us the lu « 

 l.iws will pi riiiii ;.i\ iiiin.ists of '>r> ti, 

 1(111 pt r iiiit uhili in .i l(.\s miiiitus 

 tin '.i\ iikri..isis iii.u .iihuiin! tc !''(' 

 pi r (lit 111 t \ I n iiuiii In \ it w of 

 till si i,(. is i.i\p.i\ t rs shiiiiM t.ikc(.Mr\ 

 pr(,.ii:lion to iiisun th.il i.nnist ilu li 

 t.i\ 111' n .isi s u i! i niii Im Mi.iifi 



I 111 in. Ill; priAisimis ,i| ihi iiiu t.i\ 

 I.iws. whhh U'l iii'ii til I jaiuiarv 1 



i " Kv .iTl .IS tiillilW s 



I I'riipiriN .issi ssiimiis uili h( III 



.. n.isi.i s.i til, it fliii uii! .iVir.iL'i 



i I'n pi r . ' n; nt .i. I .i.i! s.,li \ .ilm a: 

 t .1. ti < (ii.ni \ 



II .\ll i.npuM.iir uMsiii.i.' t.i\ r.iti 



liiiii'.ii '..Ills, uii^tiur 1 st.ii-.|istK<i in 

 ihi. st.ii. |( -isi .1 111 1 or UK.ii nil : 



I I'lti) Ml, '•'.til 1 'i 11 'ill I .1 hv ' "'•< 



h.iir, (iv.ip: ..s iii.li,.,u><. in III 

 hili.u) 



III Id: ! Ill' Ts ,i| I .iii.i II .ihini- an 

 II.' iiiilii '! hv siAir.ii p-ii\ isu Ills IS 



i.ihlishini: altirn.itiM- tax n-iiin^s 

 .in.l floors 



.A Spiii.il 'ax iiilin^ provisions limit 

 i.ix iiuriasis tor a li\i-vi.ir pi-ruui 

 hiL'inninu with 19H) 

 1 Iiiiriasis in taxis (ic. tax ix 

 tinsions) mav not cxiccd 1 '^ per 

 111! Ill till maxniuim Ic^al 

 .iiiioimi in I'M.?, aiiil in any one 

 uar iIk- inirtasi.- in ctftctivc tax 

 I. It IS inav not cxiecii "i per cent 

 ul the in.ixiniiini etfeitive rate in 

 10 i; 



Iiii re.ises in l.ixes exieiiileii iin- 

 ilir rates aulhori/eil h\ a reter- 

 iii.iuni lielii hi tore 10 to niav not 

 III anv one year exieed ^ per 

 'int. nor in the entire tuevear 

 piriiiii eXi eeil I'' pi r lenl. of 

 till tn.ixinium taxis extmiiahie 

 liir I'M.^ or tor 'lu vi.ir m v^hiih 

 the relereniitiir, vi.,s hiKi. wliuh- 

 ever is later 

 h >ri i.il tax tliior pKiwsK.ns liniit 



tlu applii .it Kill 111 till i.'rii< ral re 



■ liution ot ''(I pl.t .(lit 111 iri.iximiini 



!.ix rails 



! Nil t.tx r.ii! i.r I.IX ix'ension 

 sh.ill hi limiii'i 1(1 kss than sul'- 

 tiiiiii' 111 ist.ihhsh I liL'ihihtv lor 

 st.ite i;ranls lur p.mr relief or 

 eiliii .!( lon.tl piirpusi s 

 l.i.x rates .1111111111/111 In a reter- 

 I luhini shall i.i't hi rulm ni to 



J^ 



less than sutfiticnt to proiiuie 



the amount iegalizcil m the year 



the referendum was lield. 



3. For a five-year period be^inninc 



with 19)6 no tax rate shall be 



limited to less than sutTicient to 



produee the amount available on 



the basis of the 19->2 assessment 



and maximum tax rates lei;al in 



19 ("i or authorized for bv rif- 



erendum before 194(). with ad- 



)ustment for aetual chances in 



i.ish value ot tlic taxable prop- 



ert\ after 19i- 



( Duriii;: the tive vears hecinnmi; 



with 19 Ki the le^al voters of any 



taxing distriit may establish a tax- 



r.ite limit either higher or lower 



(In nut more than J"^ per lent) 



ill. Ill that otherwise provuinl bv 



law 



The nil nasi in assissniints in eaih 



eounn will litpetiil Litijelv upon the 



assessment r.itui (per tent ol .iitual 



value Useil in assessments) previouslv 



Used in the lountv I he ni.iximum 



iiure.isc 111 t.ixes will also depind upon 



the louiiu .issessinent ratio I he ac- 



tonip.in\ ini: table shows tor eaih 



loiiiiiv (1) the 191) assissiiunt r.itio. 



{2) .111 estimate of the prob.ible in- 



i reasi in propirH assessments, and (3) 



an isiiiiiate ot the maximiiin im rease 



in t.ixi- 



tlOl) 



I'lmtiid bv the n.iw licisia 



I. A. A. RECORD 



