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<br />Within the proposed budget for 1957-58 there are general con- <br /> <br />ditions relating to portions of the budget and certain inclusions to which it <br /> <br />is worthy of directing attention. Those provisions of the financial program <br /> <br />of the forthcoming year to which the City Council and the public should <br /> <br />specifically take note are itemized as follows: <br /> <br />1. The tax rates are continued at the current level of $2.00 <br /> <br />on real estate and public service corporations and $2.25 on personal pro- <br /> <br />perty (per one hundred dollars of assessed valuation). As this budget is <br /> <br />prepared, the City is anticipating on May 31, 1957, an election on the <br /> <br />issuance of School Bonds in the amount of $2,200,000. No budget pro- <br /> <br />vision has been made for this issue and if it should be favorably approved <br /> <br />by the voters, City Council will have to amend the proposed budget to <br /> <br />allow for such method of financing the bonds as Council may designate <br /> <br />and for such expenditures as may become necessary. <br /> <br />2. All utility rates and other schedules of charges are <br /> <br />maintained at their existing basis. <br /> <br />3. Business and professional license revenue is anticipated <br /> <br />to be $284.000. This amount is determined on the basis of the rates now <br /> <br />in effect. Such does not prevent consideration of the license rates as <br /> <br />have been subject of active study and discussion for several years; how- <br /> <br />ever, if revisions should be accomplished within the coming year, it <br /> <br />would be necessary to hold in mind the retention of the same total revenue <br /> <br />at least for the 1957-58 fiscal year. <br /> <br />- 6 - <br />