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Newspaper
San Antonio Light
Location
San Antonio, Texas, United States of America
Date
Jun 01, 1933
Page
12
The article explains that city tax collection funds the annual loan to banks for 1993-34. With tax collections limited, banks will advance only if sufficient revenues exist, as mayor Quin notes most funds go to schools and sinking fund. Banks cite security shortfall and overdue fiscal year liquidation affects lending.
A San Antonio banker notes that climate policy may shrink funds and states there is no sufficient security to justify a loan for the coming fiscal year. He voices doubt on taxpayers while asserting local bankers remain confident in the financial outlook.
City tax roll for 1932-33 shows taxes due of 3 032,295.08 to the general fund and 2 167,017.79 to the schools while repayments to banks total 526,000 on general fund notes and 4,000 on the library fund. Officials warn the 1933-34 tax rate not yet set with a 3.78 combined city and school rate. City pondered issuing scrip if outside funds fail and many homeowners delay payments awaiting relief.
Senate military committee heard testimony that Louis M. Howe urged purchasing toilet kits from a New York firm for the reforestation program. Maj. Gen. John L. Dewitt said the army could duplicate kits for 0.85 and has bought similar items for 0.42. A May 16 letter from Budget Director Douglas authorized the purchase, and a shipment of 200000 kits was approved to Bevier. In Oklahoma, Franklin Delano Roosevelt and others arrived with news of a triple birth in Edin and Virgle Evans households, yielding ten offspring including twins.
San Antonio public schools will operate on four full-time terms of nine months next year with no material cuts to teachers' salaries. R. & Minelen, board president, said in an informal statement, citing concerns over tax collections and a projected $1,700,000 operating fund until September. Plans include administrative consolidations and possible eliminations to cover new expenses and open a Negro high school, while preserving the current budget and term length.
The passage notes state per capita school funding dropping from about 18 to an estimated 11 to 8 per person, based on 1992 figures. It references a 50,000 count on the school census and mentions consulting Classification 42 for light classified ads.
The White House unveiled a Bear Mountain New York camp for unemployed women funded by federal relief, announced by Secretary Perkins and Mrs. Franklin D Roosevelt. The camp aims to test solutions for unattached jobless women and may spur additional camps if local relief agencies apply through the federal relief administrator.
Jessie Struliann, 60, bitten by a dog June 1 to 9 on the island was treated for an anti tetanus shot plus injection. Physicians blamed a heart attack triggered by fright.
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