Alton Evening Telegraph from Alton, Illinois on July 6, 1960 · Page 5
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Alton Evening Telegraph from Alton, Illinois · Page 5

Alton, Illinois
Issue Date:
Wednesday, July 6, 1960
Page 5
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Page 5 article text (OCR)

WEDNESDAY, JULY 6, I960 ALTON EVENING TELEGRAPH PAGE FIVE Wood River 1960-'61 Budget Is Set at $846,100 By City Council For $61,300 Boost WOOD RIVER - Members ttt the City Council Tuesday night approved a budget for the fiscal year May 1, I960, to April 30. 1981, submitted by City Manager Kraft totaling estimated expenditures of $846,123. The budget shows an increase In estimated expenditures of $61,324 over the $784,799 total for the 1959-'60 fiscal year. A list of estimated expenditures by major classifications with comparable figures for last year shown in parenthesis shows: personal Services. $324.657 ($3(3.358) contraotural services $74.192- ($64.704); materials find supplies. $68.744 ($59,942); cupltal outlay. $116,126 U98.- 150); debt service. $191,268 Enjoy EXCURSIONS on thr MISSISSIPPI Mow Running 40*Mllt> DAY TRIM 10 •m »* 4 fm •wry WMl^f lwr.*M.>t«ft. IANO NIGHT TRIM ti4« pm I* 11 ($188,144); transfers. $25,000 ($24,937); contingencies JS.230 i $1,000); pensions ,ind retirement, $37.886 ($16,122). There Is also an amount of S15.442 representing employes' salary contributions listed within fhe 1980 budget figures: together with the city's contribution; therefore, the 1959 budget total should be adjusted to Its correct total of $784,799 In the above list. Breakdown of Figure* A more detailed breakdown by individual funds shows: general corporate. $200.915; water. S82.357: street and bridge. $72,280; garbage. $72.091; band, $7,345; playground and recreation, $26535; swimming pool, $43.110; library. $29.190; motor fueJ tax, $31,950; bond redemption. $146.208, Belk park. $12.000, civil defense, $3.100; sewer operations, $81,156; municipal retirement $32,830; fire pension, $2,122 and police pension $2,934. A genera) corporate fund Increase of 17.8 per cent over that NAl MAVIIO'I IANO AIR-COMWTIpNID MM MMCMM AT ffMAM0 PT* Of WAfMMOTON ST. LOW* MA, 1*4040 ADMIRAL ftlfhtt •» SIE THE NEW PARKER "JET FLIQHTER" AT GODWIN OFFICE SUPPLY, INC. 114 E. Broadway, HO 5-7756 "Alton'* Commercial Stationer." of tesf year is due primarily to an allocation of $25.000 for parking lot improvements and for the city's matching contribution on a Federal comprehen sire planning program if inaugurated by the city plan commission. The water fund increase represents partial salary increases and a small increase in opera'- Ing and maintenance expenses, according to Kraft. The street and bridge fund is i increased $8.845 over last ; year's, the greater portion of j which represents a $5.000 pay- ;tnent to be made to the Bond j Redemption Fund (MFT Indebt edness Account) as a second payment on an outstanding in- terfund loan. This, according to Kraft's budget message, leaves $15.000 still to be paid out of an original loan of $25,000 borrowed four years ago. Lower Outlay The garbage fund decreased substantially in the budget this year because outlay of cash for equipment was not as great this year. The purchase of a crawl- ertype tractor to replace a worn out unit was a major expenditure last year. The band fund this year reflects a 61 per cent decrease below last year due to approximately $12.000 spent last year on construction of the band shell in Central Park, Playground and recreation fund shows an Increase of 8.7 per cent due to necessity for purchase of bleachers to replace condemned ones torn down last year. The old recreation truck also had to be replaced. The swimming pool budget reflects an increase of 41.4 per cent this year due to a remodeling of the bathhouse totaling approximately $15,000 from this fund. This money, however, represents earnings generated by the pool and no tax money- is applied. Kraft indicated. The library fund Is on a par with last year. This year's motor fuel tax budget is almost double the amount set aside last year. This due to the fact that the MFT budget will Include $14,563 for construction of curbs and gutters on several non-arterial streets under the provision of the statutes permitting 25 per cent of the annual allocation to be spent on non-arterial streets. The maintenance program will involve an expenditure about equal to the '59 Expenditure, the budget showed. More Debt Service Budget expenditures for debt service are increased this year, owing to slightly higher principal and interest payments on the library and swimming pool general obligation issues. The Belk Park Memorial fund is to receive a transfer of $12,000 from the general corporate fund, representing sales tax money, the budget showed. This amount has been set aside lor development r DOWNTOWN ALTON Barleffs Qualify Stores FLORSHEIM WILSHIRE VILLAGE EAST ALTON selected styles regularly '21.95 to '23.95 Width AA to E Site 71» 12 SELECTED STYLES Width A to 0 Sim 7 to 13. and *O95 Rtgularly O to '•, »•** short only — y 00 **• gm don§w on Florsheim and Winthrop shoes f rom our regular stock. Early shoppers will get the best selection. Don't delay ! ' Qualify Stores expenses on the park site. Approximately $10.000 is to DP used for c-ontracts payablr for construction of the carthfill dam completed recently. The civil defense shows a four per cent decrease in the amount to be spent this year over that of last year. A decrease of three per i-enl Is shown for the sewer operations fund. Principal reason is dur to expenditures for a new lift station unit on Park Avenue last year. The municipal retirement figure is higher by 11.5 per cent due to an increase in the city's rate of eon tribution. which this yrar »•«.* raised to 8.17 per cent of the gross payroll eligible employes. Fire pension expenditurcsXsho^ no change over IHJS! year; but owing to a widow's pension for the Wife of former police chief! William Tlley an expenditure otj $2,934 is to come from the police] pension. Kraft in the budget showed that estimated revenue receipts for all purposes for the fiscal year total $806.679, not including' SKi.OOO of non-revenue receipts reprcsentint; transfers and service charges. 01 $117,201 in cash balances carried foreward May 1, 1960, Estimated Receipts Gross receipts, therefore, for! fiscal 1960 are estimated to .reach; $969,880 comparing with $bo2,7T)0 gross receipts anticipated in thei '39 budget. j General property taxes, personal and real estate, will provide ap-, proximately $376,784, an anticipate ed increase of $14.451 over last '• year. j i Of this total. $75,000 goes into 1 the general corporate fund and th' 1 j remainder is allocated to the various funds according to previously determined levies, Kraft pointed out in his budget message. Anticipated revenues are H33.- 757 over the Budgeted expenditures. The city property tax rate i<l .714 this year or $7.14 on each $1,000 of equalized assessment will provide almost half of the revenue for the budget. This represents a five cent per $1.000 increase over the prior year's rate, representing a very significant raise/and is in line with the city council's policy to stabilize the tax rate. Kraft pointedout. • . The total 1959 equalized valuation for the city on the basis of which taxes are extended, totals 151.113.245. The '58 assessment totaled $48.629.490. showing an increase of approximately 5.1 pci cent for this year. It was noted that a total of $376,784 in property taxes will br ynnerated in the city this year for municipal services. ,' BABY'S TRY TfRNS O?f the baby begins crying, the ---------- | Automatic rraclle "Autocradle. 1 as it It called. A 100-mile underwater pipeline; An Indian engineering student was designed by a Student at will carry African gas from Tunis tn Sicily. in Aligarh has invented 3 cradle Aligarh University. The cradle that automatically rorks when also operates a lullaby record. FOR HIGHEST EARNINGS.. * Let Piasa First Federal Manage Your Savings CURRENT DIVIDEND PER ANNUM • Federally Chartered • Federally Supervised • Federally Examined Accounts Insured to $10.000.00 with Fedeial Savings and Loan Insurance Corporation ••••••* ^*^ [.•••••••••••••••••••••••••••••••• FEDERAL SAVINGS AND LOAN ASSOCIATION STATE AND WALL • ALTON PHONE HO 5-2555 See the Chevy Mystery Show in color Sundays, NBC-TV. Years Best Seller at a Record Breaking Rate! f This is the gracioui Impala Sport Sedan with ieauti/ul, roomy Body k\ Fuhtr More people are buying Chevrplets (including Corvairs) than ever before — and Chevrolet's popularity leadership is reaching new, all-time highs! That means the buying's better than ever for you right now. So see your dealer while the choice is wide and the time is right! CHEVY'S CORVAIR THE BEST SELLER'S CAR OF THE YEAR! Conttr fOO 4-Dooi Xtd<tn (vilk kandy fold-down r/ar net) No other car even came close to Corvair in this year's competition for Motor Trend magazine's Car-of-the-Year award. The experts were unanimous in voting it ''the most significant car of I960." Bui unless you've actually driven a Corvair — experienced for yourself, its silken ride, its light steering, its grab-hold-and-go traction— you can't imagine how quick it really is to please. Your dealer's the man who can help you strike up • fast friendship. Sff Chevrolet cars, Chevy's Corvair and Corvette at your local authorized Chevrolet dealers. Authorized Chevrolet Uealer in Alton REILLEY BROS., Inc. 912 I. Iroodwoy Phono: HO 5-7717 in Vt ood River ALBRECHT CHEVROLET, Inc. 222 Altofl.ldword»vlll« Rood Pbont; Cl 4-0414

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