The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1885-01-15
Totals. ............. S24s,67 81 211,7o
Estimated excess Of recptsJ uly ST. 1887 97A 81


Estimated excess Of receipts, July ST. s74 81
An ANALYsIs
An analysis OF these statements shows
that there has been disbursed during the
twenty months covered by these transactions
of the treasury SITS, 1865 for the MAIN
O22. 50 in the construction Of new buildings
for public use, 1878 ,278. 80 for interest On
the state debt, and $3.50, 158. 80 for the gen
eral expense OF governments; all of which
has been met by the ordinary revenues of
the state. except a part of the interest charge
which is paid from the income of the internal
Improvement land fund This interest &C.
count, almost wholly due to the railroad adj
tustment bonds, is o burden recently i'm.
posed upon the treasury, and large part of
the expenditure for public buildings has
been required to replace structures DESTROYED
by fire. These items, with a considerable
increase in the cost of maintaining the public
institutions the past two years, have made
an aggregate of extraordinary demands that
would have required material additions to tho
tax levy but for the rapid increase Of the as
sessable property and the miscellaneous re-
sources OF the state The one mill tax to which
the levy has been reduced, with the other
revenues of the state, have. however, been
sufficient to provide for this unusual outlay,
and leave balance in the treasury at the
end OF the last fiscal year. The estimates Of
receipts and disbursements" for the fiscal
years for which you will make appropria-
tlOns promise continued healthy condition
OF the treasury, provided such appropriations
are restricted within reasonable limits. In
years past the practice has obtained to some
extent OF making appropriations without re-
gard to the revenues from which they were
to be met. Az consequence, it has some
times been impossible for the treasurer
to meet acquisitions promptly as pre-
sensed unRg t1@! +b against the lev
fully. scrutinize all propositions in
volving an expenditure of money, and that
you will not make appropriations beyond the
limit of the probable revenues of the state
While providing adequately for the increased
requirements OF our publ institutions and
the several departments Of the state govern
ment made necessary by our rapid growth in
population, care and discrimination in max
Ing appropriations may save unnecessary
and perhaps wasteful drafts upon the rev.
enueA
PERMANENT TRUST FUNDa
In 1872 all receipts for taxes on railroad
and telegraph companies were set apart as
special fund for the support of the state in
stitutlons. At that time the amount realized
from these sources was but $57 ,OS7. IA. 1t
has now become the principal source Of rev.
year to 1861 1878 is, largely in excess of the
demands made upon it II there was once
efficient reason for reservlng this resource
for special use it does not row exist, and
recommend Cnat the law relating thereto be
repealed While there has been for wears
surplus in this fund. the revenue fund, from
which all general expenses of the state are
paid, Is constantly overdrawn and Dor
rover from it The two funds should be
merged into one, and relieve the treasury
from the anomalous condition of plethore
and strtngency ut the same time, as regards
its different funds. 1t will be necessary to
do this before the treasurer can meet the pay
rolls OF the legislature, as the @overtlrafth Of
the revenue fund has reached the limit
allowed by law. The surplus of the forestry
fund should also be transferred to the rev.
enme fund, as recommended by the auditor.
The additions to the permanent trust funds
Of tho state have been as follows:
Permnent school fund ........... $3.50. 306 IS
Internal improvement land fund. 180528 %
Total. ................. ,l1O.49s -
The aggregate accommodations of these
funds amount to Sc, 219. O26 80, divided and
invested as follows: