The sun. [volume] (Morris, Stevens County, Minn.) 1882-1895, 1885-01-15

Totals $24S GA 81 oil, 700
Estimated excess of uly 81, 1887 e4 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 $77S, 416. 55 for the main
tainance of our state institutions, S612,
O22 50 in the construction of new buildings
for public use, 1915, 27S. 80 for interest on
the state debt, and $3.50, SO. 80 for the gen.
eral expense of government; 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 ac-
count, almost wholly due to the railroad ...-
justment bonds is a burden rec,ntlv I'm.
posed upon the treasury. a...,, large mart Of
the expenditure fc- public buildings has
been requlrer. 20 replace structures DESTROYED
Dy nree, These items, with considerable
.norease 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 the
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 id 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-
tions 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 As consequence, it has some
times been impossible for the treasurer
to meet acquisitions promptly as pre-
sented, particularly against the rev.
| enue fund. I trust that you will care
| fully scrutinize all propositions in
you will not make appropriations beyond the
| limit of the probable revenues Of the state.
| While providing adequately for the increased
requirements Of our public 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
enues
| PERMANENT TRUST FUNDS.
In 1877 all receipts for taxes on railroad
| anu telegraph companies were set apart as q
| special fund for the support of the state in
| stitutlona At that time the amount realized
| from these sources was but $57 ,OS7. IA II
has now become the principal source Of rev.
| enue the state enjoys, amounting the past
year to 1851 1913. 1S, largely in excess of the
| demands made upon it If there was once 9
efficient reason for reserv1ng this resource
| for special use, it does not row exist and
recommend that the law relating thereto be
repealed While there has been for years q
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 BIZ
merged into one, and relieve the treasury
from the anomalous condition Of piethors
and stringency at the same time, as regards
it's different funds. 1t will be necessary tx
do this before the treasurer can meet the pay
rolls Of the legislature as the @overdraft" o.
the revenue fund has reached the hmi
allowed by law. The surplus Of the forestry
fund should also be transferred to the rev
enne fund as recommended by the auditor
The additions to the permanent trust fund
of the state have been as follows:
Permneut school fund ............ $033,3O6 y
Permanent university fund 3a.663 y
Total. 81, ITO. 1913 z
The aggregate accumulations Of thcss
funds amount to Sc, 219. O26. 80, divided an
invested as follows: