Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1884-11-21
The Investment Of the Permanent School
Fund Yielded an Annual In
come Of Sl04 ,622.
The Assessed Value Of Property in the
State Subject TO Taxation
is $500, 060,9l7.
Omissions in the Law for the Sale Of I'm
redeemed Lands Prevented the
Sale Of suoh Lands.
Special TO the Gazette.

| Special 10 the Gazette.
AUSTIN, TEX, Nov. 2O.-The follow
ing is the full text OF Comptroller
SWANS letter TO the governor accom-
panying his annual report:
The close OF the fiscal year, ending
August 81, 1884, gives the results of
two years operation Of the state gov
eminent with the rate OF taxation at
80 cents on the 500, OF which 22l
CENTS was for general purposes and
| a. cents was for the support
of the public free schools The facts
presented in this report and in the re-
| port tor the preceding year show how
| FAR this rate OF taxation has been ade.
quate to the demands of the govern
ment.
In 1882 the rate of taxation was re-
! duCed from forty cents on the one hum
bred dollRrs and a revenue poll.tax o.
one dollar TO thirty cents on the one
hundT' d dollars and revenue poll
tax Of fifty cents.
AT the beginning of the first ear
under the reduced rate there was In
the state treasury revenue surplus
of $500, $40 20 AT the close of the year
the surplus was reduced TO SS45, l5i %;
and at the close NJ The second
year, August 81, 1881, the sur
| plus IL found 10 be still fur
ther reduced to the sum OF Sl45. 29S 20,
showing that the expenditures during
the two years ending August 81, 1854,
have exceeded the receipts during the
same time 1881 ,2i7.
IL is thus apparent that from. this
rate of taxation there has not
been realized sufficient revenue
10 meet the annual demands
upon the treasury without recourse TO
the surplus revenue accumulated from
previous higher rates of taxation.
/ This surplus is now almost exhausted,
aud having no reserve fund upon
which 10 draw, each years receipts
must sustain the burden OF each year's
expenditures.
70 properly adjust the expenditures
of.the government with reference 10
the annual receipts Is "a subject of great
Importance for the consideration OF the
= next legislature.
GENERAL REVENUE.
An examination of the revenue ae-
count, table No. l, shows the transuc-
tions in that account for the year to be
= rs follows, viz:
4 balance ON hand sept, !, 1885 .....s sIS,I5t 2.
Net reyeu No receipts during the earl, $50 =
Expenditure during the year. i,7ss,S Z
Il5,as I
From which It appears that the r,
o ceipis during the year, exclusive ot h,
: surplus on hand ut the be- ginning o
4 the year, were $3.50, S55 81 lt.ts than tut
expenditures during the same time,
y result which was anticipated IN tn,
o report from this department for IN,
r year ending August 81, 1888 In whici
q report II was demonstrated by care
fully prepared table that the tax of 8
cents on the 500 Cess one fourth fo
II school purposesl would not yield sum
e Client revenue to meet TIA
N appropriations for the OK
;, penses of the government durlnl
= the next year, independent OF the sur
n plus on hand brought forward iron
he previous years,
IA ESTIMATE or RECEIPTS AND RXPEN
- sEs FOR THE NEXT YEAR
~ Having examined me receipts an
N expenditures during the last year. q
40 shown by the statement of revenu
a. account, II Is now necessary 10 inQuir
what Will be the relation between th
~ receipts and expenses during the mex
~ two years, with a new and greatly +,
III dueed rate OF taxation for the geuer,
n purposes OF the government.
II ffom ajax of thirty cents on IN
~ one hundred dollars (leas one-fourt
Id for schools) sufficient sam has No
go been realized to meet the eNpenditur,
an of the government, hnw can theexpe
~ dit lrea be brought within the rec.ip
no from a tax OF III cents on the SIOC
ht The next legislature will be cOnfronte
he with this question, which so great
n involves the best interests OF he stat
Reference Ia made TO table No. S
vi an estimate OF what will be receiv,
at the state treasury during the ne,
I'd year from the present IN
% of taxation and present sOurc
!" of revenue. In this estimate the h
he crease In the value OF property M
,ut been considered, aud the statemel
tn, carefully prepared with the transa
IA lions OF last year az basis The esl
~ mate places the net revenue from :
III sources for one year ut 81, 66l, 406
he In table No SIS will be found a atAt
ia ment showing the probable expens
Of the government during the ne
~ two years. The estimates give ii
amount required for each branch
70 the government and were furnish
me by the several heads OF departments
M. accordance with request from N
- office. The amount required for I
hat hrst Year il found TO be 81 600 2.l; Al
elf for the second year, 81 sol 1874.
ma In another table, No. So, will
III, found q table showing the amount
'Aii deficiency clRlms Teglaterod 10 da
am and the amount witch II lis estiaat
Will accrue 70 Msrch l, 1885, the a,