Lockport High School - Forum Yearbook (Lockport, NY)

Page 25 text:

TO CONCLUDE . . . There Is A Desperate Need lor A New SENIOR HIGH SCHOOL is inadequate THE PRESENT SCHOOL isalire trap is poorly located The Proposed School Will Be Right For The Community lt will be adequate. lt will be fire-prool. lt will serve as a community center. It Can Be Financed By The Community. let's Plan to Build N OW To Meet The PRESENT Need M7464 do Zum Lfocifeafzzn

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CAN YOUR CITY FINANCE THIS PROJECT ? ? The total debt limit for borrowing in the city of Lockport was 83,016,- 954.63 as of October 1, 1948. If this new senior high school is con- structed, the unused debt limit in 1950 would be 9'p320,954.63 654,000 of school bonds having been retired in 19491 This balance would in- crease about S165,000 annually thereafter because of retirement of school bonds. YES, IOCKPORT CAN AEFORD TO BUILD THIS NEW SCI'IOOl. sli- IT CAN BE DONE I ! I We are under the city debt limit. Our school tax rate will increase only 33.69 per thousand. The retirement of the bond issue is for a short term of 20 years. IT CAN BE DONE ! ! !

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2640260 Support A New fu ALL Sonior High 'School LooKPoRT 4. Va