The Manitowoc tribune. [volume] (Manitowoc, Wis.) 1866-1878, 1875-01-21
THE TRUST FUNDS.

The TRUST FUNDS.
During the past fiscal year the total
increase of trust funds was $125, 942. SO,
| divided as follows: School, $55, ,641. Ga
University, 81, 313, 6S; Agricultural Col
lege, $40, ,824. 81: Normal School, $55,
1852. 86. The total amounts belonging
to the trust funds at the close of the
fiscal year was $3, 996, $685. %, divided as
follows: School, 50, ,565, ,822.76; Univer-
sity, 1920, 1873. O6; Agricultural College,
1886, 134O7; Normal School, $937,
SO6.34. The total disbursements of in
come for the year were 5000, 1875. 73,
divided as follows Schools, $780,
272. "a; University, $$43, ,OS2.71; Agricul-
tural College, SIS, 642. OS Normal Schools,
s61, 12S.7O.
GROSS RECEIPTS AND DISBURSEMENTS.
The total receipts into the treasury
during the fiscal year, including all
sources of income, were 81, ,329, 1857. .43.
The total disbursements, for all
purposes, were $1,667, 1861. The
balance in the treasury at the COM
mencement of the fiscal year, on account
of all funds, was $215, ,644.52. The ex-
cess of total receipts over total disburse-
ments during the year was, $780,
7OO.46, thus leaving in the treasury, to
| the credit of all funds, on the 30th day
! of September, 1874, the sum Of $685.
| 344.9S.
| STATE TAXES.
For the year 1873 the state tax amount
ed to s671, $50. 36. For the year 1874
the state tax levied and collected was
1926, ,GO6. 35, or one and one quarter
| mills on the dollar, less than one half
the average of county taxes, and less
than one quarter the average for town
purposes; while the aggregate taxation
of the people for all urpooses-lnclud-
ing state, county, town, school and road
taxes averaged less than two and one
third per cent. on an assessed valuation
not exceeding one half the actual cash
value of taxable property.
The detailed estimates of the expen-
ditures of the state government, submit
ted to you by the Secretary of State, IN
accordance with law, permit a still furth-
er reduction of the total state tax proper
the ensuing year, to the comparatively
nominal sum of about $500, ,0O0-an
amount deemed ample, with the receipts
from special sources, to cover the cur
rent expenses of the state, including all
the ordinary expenses OF the beneV-
olent and penal institutions. Extraor-
dinary appropriations for the construc-
ton of new buildings not already con-
templated by law, are not included III
this estimate, but these should not, and
probably Will not. sensibly increase
the. rate Of taxation.
FUTURE ECONOMY.
However gratifying these facts may
be, the representatives Of the people are
thereby in no degree released from their
obligation to promote additional econo-
nv in public expenditures, to the full
extent permitted by prudent regard
for the public interests. All efforts to
this end will receive the unreserved ap-
proyal of the Executive Department.
| The bulk of state expenditures neces-
sarily depend upon Legislative discre-
ton. The appropriations for the sup
port of the charitable and penal institu-
tons usually amount to nearly or quite
one half of all the disbursements from
the general fund. The cost of the machl-
merry of Legislation itself often equals or
exceeds one tenth of all annual expen-
diture Important reforms were H.
augurated at the session Of last winter,
by which this last item of cost was con-
siderably reduced, and provision made
for any apparent detriment to the pub
lie service. I especially recommend tc
YOU the merit of brief and pertinent
legislation only, and upon such subjects
only as necessarily claim your consider
alton, and corresponding brevity IL
the present session. A rigid adherence
to those provisions of our constitution
which limit your action to enactments
of a general character will facilitate
this purpose and command the undoubt-
ed appreciation of the people.
TINE OF PAYING TAXES.
In my last annual message L called
the attention of the Legislature to the
expediency of changing the time for the
payment of taxes, and also OF providing
either for the collection of taxes semi
annually OF for an occasional deposit OF
surplus funds upon interest. Sub
sequent observation and reflection have
served to confirm the views / then ex
pressed. To require of the people the
payment into the treasury of large sums