Eureka daily sentinel. [volume] (Eureka, Nev.) 1871-1887, 1878-01-08
A FINANCES.

Iroiier-An Overlooking vress-
ury-Taxation Can Re Reduced
Aa Extra session al h Legisia.
ture Recommended.
CARSON. January l.. 1878.
EDITOR ENTERPRISE: A plain state
ment of the financial condition of the
S ate may be OF interest 10 your read
ers. l shall give M figures in regard
to the State School. General School,
State Interest or Territorial Interest
Funds. for the reason that they have
special Resources, and are all in a
healthy CONDITION, but shall c0nfine
myself to the Grn rial and its depend
ant funds, viz: The State Prison, Or
phans' Home, INDECENT, Insane aud
Judiciary Salary Funds-out of which
are paid the current expenses of the
state and the State Building Fund.
AT this date Jannary /, 1873, after
the payment Of all warrants drawn
against it and its dependant funds.
there remains in the General Fund Of
the State the III of Sl19,606 The cur.
rent ex penses of the State Government,
aside from legislative expenses. aver.
age about SO 900 per month. or in
round numbers $3.50 600 per year.
The State Building Fund was created
in 1873, by levying a tax of twelve and
One-hasf cents on each one hundred
dollars valuation of all the taxable
property in the State. AT that session,
500 900 was appropriated out of this
fund for building purposes. The Leg
islalure in 1877 transferred all moneys
in This fund (>one $1,000 to the Gen
eral Fund, but did not repeal the tax;
l...., Ia. x., - l-E nOn a.,
the fund during the past year. By the
lst of January, 1879. there will lie at
least $l40,00U accumulated in this
fund. 1t IL as subject to legislative APP.
preparation and control as is the Gen
eral Fund.
The State tax for the year 1878 can
be safely placed at forty n IN each
M hundred dollars valuation, and
after paying all State o. expenses to Jan
uary /, 1879, an ample surplus will be
left in the General Fund to pay the ex-
penses of the Legislature then CONVEX
ing.
OF course the reduction of the tax
can only be accom- li-hed by conven
ing The LEGISLATURE in extra session.
Under the Constitution the Legislature,
at an extra session, 'tshall transact no
ISRl>ldLfS6 OuSIIb6~Sp 6ACcpJ tDdt loI
which they were specially convened"
The appropriations are made TO defray
the ex penSes of the Government un il
January /. 1879. therefore it is only
necessary to enact two laws to effect the
object desired.
FirSt-Thal all moneys now in or
coming into the State Building Fund
are hereby transferred to the General
Ir.,, ~ tI,A f.t np an.nn.l H.,
rate of State taxation for the fiscal
year commencing January /. 1878, is
hereby fixed at forty cents on zach 500
valuation On all taxable property in
the State.
occupy the attention of the Legislature
a week, and ought not to cost TO exreed
2 5000. But, suppose it cost SAC. 900
let us see how the General Fund would
stand January |, 1879:
Cash on hand in General Fund,
january !, l79, sos 90
Transfer from State Building Fund. 1885 ~
Amount of tax coming into fund
from tax on real and personal
property at 40 conts.....~~~... $1,000 90
Amount coming into funl from tax
on proceeds0 mines, ,ast quarter
OF 1877, at so cents-."....-...-. 10000 90
Amo Mt coming into fund from
tax on projects Of mines. three
quarters Of 1878, at 40 cents..... 81 800 90
$4,000 90
State licenses-.--..-..-...-.-~.- $4,000 90
Amount coming into fund rom
State Prison.-......-...-~..... 5000 90
Amount coming into faud from
miscellane ous ources....m..... 5000 OF
-----
S499, l0l 10
CONTRA.
Current, x penses to State to
Jauary |, S7J............... S250.000
----s2eo 900 90