The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-01-04
THE STATE FINANCES.
FINAL Report OF Comptroller Rob'nson-A
Good Showing.

Jumping oil the State funds together,
the Com ptroller Gnds this state OF things: Az
gregate balance In the Treasury, Oct ], 1875,
t8,126,77sg8; aggregate receipts during nscsi
year ending Sept. 3d. 1879, $is 6s3, $500; pay
ments during year, tl7,R7 ,7ll49; balance In
Treasury Sept 30. 1876 Is g2] 053ss. The apparent
balance II the revenue on sept. 30 was t1,bA 65;
the real surplus t783, 697 16-$15i, T.06 less
than the estimate in the last report. The differ
ence IL nc counted for by the fact the it,ms Of
revenue, aside from the State tax, were based
on the receipts OF the previous year, and the
earnings Of the state prisons clone have fallen
of uting the past year over klB,UOD below tho
estimate.
On SEPT, 30, 1875. the total funded debt was
s2s,f,s $3.50. On Sept. "a. 1876. 1t was S2},3i5-
Sgs.bs. Deductng unapped balances OF sinking
FUNDS. 1t " S0,l21,sIJ.ji. Net contributions 70
actual REDUCTION OF debt by nc ellation, $5Ol2,-
i51 y. The general funded debt ON sept. ~ was
xCeSSs So oels9cc 9i sinking ind IN N, ne
fund from tue surplus revenues OF the canals,
sufficient for the payment and extinRuishment
OF the general fund dobt. were all made, but
were used ~ payment Of other appropriations.
An amount OF money sufficient to extineuish 1t
IL ia the Treasury after the receipt OF the taxes
Of each year, aud Is reported In the sinking
fund but II used to pay the debt there would
be very large deficiency OF money IN the
treasury for the ynent OF the current ex-
pcnses Of the Government. or the debt the
sum Of sSOO0O will be Que July |. 1878; 1t can
iaxation.
The bounty debt natures April OF this year;
the Com ltroller says the balance OF cash in the
sinking fund, together with the proceeds Of the
One-third mil tax and the securities ON hand,
VIII be amply sufficient to extiDeuish IT
On Sept ~, 1910, the aggregate nal debt was
Sljtoj G6l; lance unprovided for, - Gs 31t 40.
On sept. 90 1876 tho account stood as loilows'
Aggregate OF sinking funds 2l2lO5O "a
Balance isprovided fur............. t7sJo.ooe 10
tpI Al llIa naCt al xxgr
slNg.9,O6 Ga falling on from previous year OF
$40 e,s.ge. he receipts from all sources fell OF
net revenue fell oG $12J5tl.i0.
During the fiscal year the state paid out for
educational purposes 80 A,5jl ~, of which 81.
gje125.l3 were the proceeds Ot the direct tax "
one aud quarter mills for common schools.
For ihe support OF hsyiums and hospitals (ie II,
blind. insane. idioiic). sil5OSAb The number
of patients In the fOIr insane dsylums j. 2,OO--
an increase Of l3s from last year. For the state
prisons. tia Treasury advanced S9N,figOJ; re-
Ccipts from earnings Of cpnvicts, SsSjv,i.jS; tx
cess Of expenditure, $'Oi3'v.oj; excess ias year,
increase OF . from last year. The new Capitol
cost during the year ssVs,4os; total outlay to
date, a. ,bl,s, ;}gj. IL.
Tne receipts into and payments from the
Treasury. vn account of all the tutds, except
the Canal ana Free School Fund, for the II seal
year ending sept. -. were as follows:
70 81 20
f> l2oo3'2l oil
Balance Sept 49, 1870 ................. t5o65o1l IS
The receipts and payments on account II the
General Fund revenue for the fiscal year ending
Sept %, lSiI. are estimated AS follows:
Estimated rece'p's hd4 400 81
Estimated pay 4s2.oOs ~
Estimated surplus Sept 3D. ls57......... sG7i OBS 80
The gross valua ion Of tax ible property IN 1855
was sl5il,%.g'tH IN 1876 !. was e. i6d,s6I,si5;
increase IN the ten years. Sgij.07,,35 Increase
from last wear, Spsis,.l1l. Tue IT tie tax for
current hscu year Is 3 IL "a mills ; expected to
yield, ss j!v ia ~.
For tue eusuing nscll wear The Comutroller
recommends the following rate Of taxation;
For the general mill
For srhuus. 4 mil
for ne new Capitol AID other ca traofdinlr,
arptupnauons. ...... .................. II mill
OF dcnc ucy canal deOt siuAius iuud....... a nil
Tue Comptroller learns frem the State Asses
sors that there VIII be from three to four hun
dfod millions added to the valuation for the en-
suing wear. IN king the amount upon when the
next taxis to be levied about az eOJ.0OJ.OJO ANA
showing increase In valuations IN eleven
years OF about tlJpD.WJ.OJO. The rates. he SAYS,
should be reduced In proportion to tile Increase.
In 1873 the state tax DOB IS
ln 1874 the state tax -......... 1879 As. Os
Ia 1910 The state az Observation-Disclosures. l4sud,O ~
In 1870 tAe state .............. s5sgl;i ~
No department has suffered by tho reduction
OF expenses ON the contrary, there has been
manifest Improvement In consequence Of the
Correction OF abuses and the arrest Of wastefuI
ana corrupt uses II public moneys The saving
IN the one Item OF public printing Is over
ss5UuJ. Bv faithful continuance of the same
WIS" aud Just policy. tue expenditures aud the
taxes may 10 still further reduced I'd tue over
hardened tax layer- stili further relieved. 1t i
uei wed That this may be done during the pres
ent ye = to the extent of over million Of dol
lars without injury TO any public interest.
la closing. Mr.. Robinson pays feeling tribute
10 his late deputy, Phiip Phelp-. than whom, he
says, the state never had nor could have more
'oinpetent and faithful unlcer.