28 THE FISCAL PROBLEM IN MISSOURI Expenditures for School Purposes Local expenditures for all public school purposes, including interest and sinking fund payments on school indebtedness, amounted to $52.5 million for the school year ended in 1928, or approximately one third of the total local expenditures. According to the data presented in Table 8, school expendi- tures for that year were smaller than in either of the two years preceding, and there was a further decline in 1929. As will be seen in the chapter* on Public School Finance, the decline in the latter year 1s largely attributable to decreased expenditures for building purposes. TasLe 8: PusLic Scuoor ExpPeNDITURES IN Missouri, 1915-1929 Source: Renorts of the Public Schools of the State of Missouri Year Ending June 30 | Total Expenditures 1915 $19,662,772 1916 19,490 « 1917 | 19733; 1918 92.815 |g1Q 21.94% .4 “ear nr npe Total Expenditures nT N4Q ne) 1) A. a4 7 Year Ending lune 30 1925 1924 1927 19% 1QN0C Total Expenditures <9 Ts 3 0s h 3] 73 Expenditures for schools amounted to only $19.7 million for the school year ended in 1915, and the total for each of the next two years was approximately the same. By 1922 the total had more than doubled, and for the school year ended in 1927 school expenditures reached a peak of $55.2 million, or an amount approximately 2.8 times as great as that for the school year ended in 1915.2 Various reasons may be advanced for the rapid increase in school expenditures between 1915 and 1927. In the first place, the changes in the price level are significant, although it is evident from Table 8 that total school expenditures did not follow the general trend of prices. The reasons are obvious. Teachers’ salaries are not subject to immediate adjustment when the price level undergoes sudden changes. Then, too, the outlay for school purposes naturally varies with changes in the markets for labor and building materials. 1 See Chapter VIII. 2 School expenditures for the period 1915 through 1929 are considered by items of expenditure in Chapter VIII.