The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1872-04-26
STATE FINANCES.
Important Statements from the SEN
ate Finance Committee.

In the State Senate on Saturday, Hon. ].
Q. Smith, Chairman of the Finance Commit
tee, made the following report:
The Committee on Finance have regarded
it as part of their duty to consider and report
to the Senate the available funds which will be
in the Treasury during the fiscal year 1872
and the first quarter of the year 1873, and
which can be used to meet the draft upon that
department, and to suggest such legislation as
Is necessary to provide for any deficiency
which may occur. The inquiry need only TO
be made as to the general revenue fund, as the
other funds are in an entirely satisfactory con-
dition, and are fully sufficient to meet all the
demands that can be made upon them.
There was remaining in the Treas
ury at the close Of the fiscal year,
Nov. 10, 1871, s256,1 ,149 26
Income from every source as esti-
mated by the Auditor of State
for the fiscal year 1872, 1922 1913 90
Estimated receipts for the first
quarter of the year 1878, $4,000 90
Total available resources prior to
Feb. 10, 1873, 2,698,272 26
There was appropriated, but un-
drawn Nov, 10, 1871, l,II9.654 IS
OF which amount there is not liza
bic to be drawn about, I5S.3OO 90
Leaving undrawn appropriation
subject to draft, 96l,354 IS
Appropriated Feb. 10, 1872, 4I484I A
Estimated amount of general an
preparation bill, I.S92. .e48 no
Total subject to draft prior to Feb.
10, 1873, 3,269,l44 l9
Amount of funds which will be-
long to the general revenue pri-
or to Feb. 10, 1873, as estimat-
ed by the State Auditor, 2,j9S,272 90
Excess of appropriations Feb. 10,
1873, about, 67O,s7I 90
1t must be borne in mind that the estimate
Of receipts includes whatever is likely to be
received belonging to the general revenue for
the first quarter OF 1873; and that in addition
to the above appropriations, others will prob
ably be required before the close of the first
quarter Of 1873. How to meet that deficiency
is the problem to be solved by the Committee
and the Senate.
1t is probable that a portion of the funds ap-
propriated will not be drawn on before Feb
ruary 10, 1878. How large an amount it is
impossible to estimate. Tho whole NAV be
drawn. The committee think it practicable
temporarily to make transfers from the sink
ing fund to the several revenues, but such
transfers should not become permanent, which
will be the case unless the general revenue is
increased 50 as to enable it to meet all de-
mands upon it.
The committee are of the opinion that an in
crease of the levy for general revenue should
be made Of two-tenths of a mill, which will
produce about s300,OOO per year. They hope
hope his increase will not be required for
longer period than two years.
The very large appropriations required in
order to secure the speedy completion of the
Lunatic Asylum, at Athens, the Central Ohio
Lunstic Asylum, the Blind AsvInm- and the
Soldiers Orphans home at Xenia. have tenn
porSrily, at least, caused the appropriations
from the general revenue to exceed the re-
oeipts, and the Committee can see no possible
future embarrassment except to increase its
receipts. We make this recommendation tbe |
more cheerfully for two reasons l. The 1reo- |
pie of this State pay no taxes with more
hearty good will thanl those which are reoniTed |
TO take proper care of our unfortunates. and |
I'd, the total amount of State taxes which will |
be collected after the increase will have hea+,
made will be no greater than it was prior 70
the year 1871.