A Primer of School Finance

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00 Repairs 100. 00 Supplies, etc 105. 00 Total $1305. 00 State and County Aid 1005. 00 Balance to be raised by special tax $300. 00 A "special" tax means simply a District tax.
The budget would then be signed by the School Board and sent to the County Superintendent, who would approve it and transmit it to the County Board of Supervisors. The Supervisors would ascertain the assessed valu- ation of the district and would levy a tax sufficient to raise $300. 00. But the law will not permit a high
...er rate than 30 cents on the hundred dollars.
If the assessed valuation of the district was $100, 000, then the maximum rate of 30 cents would just raise $300. If the assessed valuation was $200, 000, then a 15-cent rate would be sufficient. But if the assessed valu- ation was only $80, 000, then a 30-cent tax would yield only $240. 00, and the School Board would have to reduce the expenses of the district. In this latter case the district would receive only $ 240 from the Special Tax 1005 from the State and County Aid $1245 Total The Board would have to cut down expenses so as to keep within its income.


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