The City Bond Issues to Be Voted Upon April 13 1920 Vote No On All Four Propos
The City Bond Issues to Be Voted Upon April 13 1920 Vote No On All Four Propos
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In our eReader you can find the full English version of the book. Read The City Bond Issues to Be Voted Upon April 13 1920 Vote No On All Four Propos Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The City Bond Issues to Be Voted Upon April 13 1920 Vote No On All Four Propos
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Funds for the redemption of bonds and for the payment of in- terest thereon are derived from taxes which are always levied in addition to taxes for all other purposes.
In 1915, the tax levy for the principal and interest on the bonded debt of the City was $5, 006, 000; in 1920, it will be $10, 289, 887.
The further sale of bonds of the City and other local governments, aggregating $54, 000, 000, now authorized but unissued, which it is proposed to sell within the next four or five years, will s...ubstantially increase present taxes for bond and interest purposes.
BAD POLICY TO ENCUMBER FUTURE BORROWING POWER In April, 1919, the aggregate of all the bond issues, which had then been approved by the voters of the City, approached the debt limit prescribed by law and, in order that the Ogden Avenue and other projects sponsored by the Chicago Plan Commission might be promptly financed, the Legislature was appealed to to increase the City's bonding power. An increase of fifty per cent, or approxi- The City Bond Issues.
What to read after The City Bond Issues to Be Voted Upon April 13 1920 Vote No On All Four Propos?
You can find similar books in the "Read Also" column, or choose other free books by Ill Chicago Bureau of Public Efficiency Chicago to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Funds for the redemption of bonds and for the payment of in- terest thereon are derived from taxes which are always levied in addition to taxes for all other purposes.
In 1915, the tax levy for the principal and interest on the bonded debt of the City was $5, 006, 000; in 1920, it will be $10, 289, 887.
The further sale of bonds of the City and other local governments, aggregating $54, 000, 000, now authorized but unissued, which it is proposed to sell within the next four or five years, will s...ubstantially increase present taxes for bond and interest purposes.
BAD POLICY TO ENCUMBER FUTURE BORROWING POWER In April, 1919, the aggregate of all the bond issues, which had then been approved by the voters of the City, approached the debt limit prescribed by law and, in order that the Ogden Avenue and other projects sponsored by the Chicago Plan Commission might be promptly financed, the Legislature was appealed to to increase the City's bonding power. An increase of fifty per cent, or approxi- The City Bond Issues.
What to read after The City Bond Issues to Be Voted Upon April 13 1920 Vote No On All Four Propos?
You can find similar books in the "Read Also" column, or choose other free books by Ill Chicago Bureau of Public Efficiency Chicago to read onlineMoreLess
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