The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-11-23

| Balance. Observation-Disclosures, $503,927. ID
In calculating the average rate of tax levy
| during the last forty years the Auditor finds
that the average for State purposes was 16 7-l0
| and for special purposes IS, making the total
average nearly twenty cents on 300 valuation.
The average poll tax during the same period
| WAS siXty-Qne cents.
There seems 70 he in the public mind an idea
| the Auditor says" that when it Is said that the
| general fund in the State Treasury is exhausted,
snoh assertion implies that the State Treasury Is
| totally without money, This erroneous lI1pres-
| sion arises from want of the most casual exam
| inatOn of the official statements The
| general fund was created to meet the current
expenditures of the State government, and Is
companies, telegraph companies.
| press companies, miscellaneous receipts,
not specially directed to be converted into any
| ether fund, and all revenue collected under the
! provisions Of an act approved March 4, 1877,
| which provides for an annual tax levy of twelve
| cents on the 300 valuation, and fifty cents ON
eaer taxable poll Out Of this fund are paid
and such other expenses the ,son6ras -lAasArn-,
bly, may direct"
AN ESTIMATE OF EXPENDITURES.
In prefacing his remarks upon the estimated
expenditures for the next two years, tho Auditor
says
1.-The calculations of my predecessor in his es-
innate of expenditures for the years of 1S84-3,1
were based on the assumption that the RETURNS
for the assessment of property for 1882 would |
e9nst ~ w zea as wbs the
for 1882, upon which returns of tax collections
were made in 1883. was only S77o,9l1os2. 1t
roneous in proportion to the difference in
the assessment, which has $34,29l ,7l0. The |
total amount of taxes possible to be collected by
a twelve-eent levy on last years basis of $770,-
.O82, was S925,050, of which was col |
lected $571,177, or 60 per cent. OF the
entire amount, leaving 40 per cent delinquent,
which is the average annual payment and de-
linqneHcy each year. PresumiDg that the ratio
we will have for the fiscal year ending Oct. 81,
1884, on valuation OF $792, 460,0l3, a basis OF
possible collections amounting 10 $95l,162
OF which would be collected in ~
May so per cent las last year. or $571,117-O0
OF delinquents 40 per cent, as Last
OF poll tax estimated at.......... lo0,00o.oo
neous 800 1888 90
Amount due from State-house fund. 100000
Making total of general fund -. 81, $780, 100
The total expenses for the present
year, ending Oct. 81, 1888, eur
rent aud extraordinary, were. 81 s773 Is. 90
Deduct extraordinary expenses. $695.7l7.73
Leaving net current expenses s. OF 1850. rs
70 this last should he added the extraordinary
EXPENSES for the fiscal year ending Oct 81,
1884:
Completion Of Hospital for Insane. $395o0.oo
House OF Refuge 100000
New hospitals for lnsane-uueXpend-
ed balance, first year. 268, 43403
Refunded taxes to counties under
decision of Supreme Court, esu-
lnate1.-- ACKNOWLEDGEMENTS 2o,oO0sOO
$s37,934.O
Making the total expenditures for
the year 1884. .$I,415,7947
Which, If taken from the estimated
receipts OF lSS4.-..--,...-.---.-- 1.540,5l5.0
Will leave balance in the general
fund at the end of the fiscal year
of ......-.-...........-.-.... $124,72O22
ESTIMATES FOR 1885,
fiscal year -................... SI24,72O22
Receipts from taxes. estimated the
same as tor 1884 .............. 1,l3I, AT 90
From insurance and miscellaneous sos. 1913 90
Total receipts 81 ,565, 235 .22
Expenses, H.,
Current expenses. .-......-.......$I OF. s6075
Legislative, Observation-Disclosures. 1O0,0 90
New insane hospitals. 3o0,00UOO
Total expenses. 81 AIT SCOTS
Balance in general fund at close of
year in 1885 .-........-......-.. $87,37447
PROVISION FOR EMERGENCIES.
Thus it will he seen that even in the event of
the next General Assembly not making other
provisions to increase the expenditures or meet
them. there will be sufficient in the general