Independent School District of Cedar Rapids v. State Appeal Board

— For convenience the appellant will be designated as the “Board”. In July, 1939, and later, such proceedings were had by the appellee’s board of directors as resulted in the certification of a tax levy for the general fund of $909,575. From this certification an appeal was taken to the Board by more than 170 taxpayers. After a hearing the levy was reduced in the sum of $28,555, leaving it at $881,020, the same amount it had been the year before. It should be noted that the expenses budgeted were $6,555 more than for the year before. The average monthly balance in the general fund for the…