The Archive · 1940

Budget Deficit

In noting that it was estimated by the Treasurer that this year's Educa tion Budget will result in a deficit of over 4! lakhs, a member enquired whether the Board was satisfied that education expenditure must continue fo be confined within the limits of a 2 per cent, General Municipal Rate and correlative Land Tax.

In reply it was stated that whether the 1940 defeat would be carried forward to 1941 was a matter for the Council to decide. 1 was apparent thatthe Board would have, to seek the Council's approval for an edueational appropriation greatly' In excess of the proceeds of a 2 per cent. rate, and the Council might' well enquire is to what steps had been taken to effect economies. It was further stated that there were certain sections of the Education Budget over which the Board could not exercise much

Text read from the printed page and cleaned; old type leaves the occasional error.

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