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.