1927_public laws_257_6
CHAPTER 256 AN ACT TO PROVIDE FOR THE DISTRIBUTION OF THE EQUALIZING FUND FOR CERTAIN COUNTIES. Whereas, the Constitution directs the General Assembly of North Carolina to provide by taxation and otherwise for a general and uniform system of public schools for the State; and, s Whereas, there appears to be marked difference in the as- sessed valuations, the tax rates, and the types of schools in the various counties; and, Whereas, the county commissioners in many counties can- not secure the funds necessary for the support of the six months school term from county revenues alone without making the taxes burdensome and the tax rates grossly unequal among the several counties; and, Whereas, State aid is necessary in order more nearly to equalize both the tax rates for schools and the school advantages in the different counties; therefore, The General Assembly of North Carolina do enact:
For the purpose of making the apportionment of the equalizing fund for the year ending June thirtieth, one thousand nine hundred twenty-eight, and also for the year ending June thirtieth, one thousand nine hundred twenty-nine, the State Board of Equalization shall cause to be checked by the State Superintendent of Public Instruction the approved November budget of the last preceding year of each and every county in accordance with the salaries, actually paid, not in excess, however, of the State salary schedule; and in accordance with the number of teachers actually employed, not in excess, however, of the number allowed by law; and shall determine therefrom the necessary cost of maintaining the six months school term in each county, including the salaries of teachers, principals and superintendents, and including in addition thereto the actual amount expended for current expense other than salaries, not in excess, however, of fifteen per cent of salaries according to the State salary schedule. The amount due any county from the equalizing fund shall be the amount by which the necessary cost of the six months school term as herein calculated exceeds the amount produced by the levy of forty cents on the valuation of said county as determined by the State Board of Equalization as provided in section four of this act.