. Biennial report of the Superintendent of Public Instruction of the State of Montana . -53 (Est.) Foundation Program $20,540,96221,232,75921,394,30421,623,707 From StateEqualization Interest & Income $5,382,031 + $1,470,361 5,545,369 -j- 1,956,720 5,402,906 + 2,766,456 3,820,000 + 4,722,620 Estimated revenues for elementary and high school foundation programs and general fundbudgets for 1952-53 are obtained from the following sources: Elementary High School Foundation Programs of all Schools $15,038,645 $6,585,062 Revenue raised locally 5-mills, rentals, etc. 2,676,000 35,000 County Revenue f
. Biennial report of the Superintendent of Public Instruction of the State of Montana . -53 (Est.) Foundation Program $20,540,96221,232,75921,394,30421,623,707 From StateEqualization Interest & Income $5,382,031 + $1,470,361 5,545,369 -j- 1,956,720 5,402,906 + 2,766,456 3,820,000 + 4,722,620 Estimated revenues for elementary and high school foundation programs and general fundbudgets for 1952-53 are obtained from the following sources: Elementary High School Foundation Programs of all Schools $15,038,645 $6,585,062 Revenue raised locally 5-mills, rentals, etc. 2,676,000 35,000 County Revenue from 10-mill levy 4,654,424 5,074,956 Interest and Income Fund (School Lands) 4,722,620 State Equalization 2,423,618 1,388,615 Local Revenue for Foundation Program Deficiency (State cannot reimburse more than 50% F. P.).„ 561,983 86,491 Above Foundation Program without vote (Dist.) ,944 1,647,353 Amount Voted (District) 1,664,644 987,330 Cash Used for two above items (1,778,913) (361,413) Total General Fund Budgets $20,509,233 $9,219,745 Total 75,690 26,248 —55—. Besides the General Fund Budgets, most districts have additional budgets for Teachers andPublic Employees Retirement, Transportation, Bus Depreciation, Tuition, School Lunch, VocationalEducation (Federal funds only), and Interest and Sinking Funds. For the first time the State will have funds sufficient to equalize all Foundation Programs. Aswas indicated in the chapter on school lands, more revenue will be received from income and in-terest than ever before, due primarily to the oil activity in eastern Montana. Since this moneyis applied to the foundation pro-gram before State Equalizationaid is given, it will mean that thelatter will be a smaller amountthan in former years. This is alsodue to the fact that the foundationprogram schedules are the sameand added enrollments have notincreased the total much over1951-52. Another reason for thesmaller equalization paymentfrom the State is that the taxablev
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