Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-12-15
s7LTE FINANCES.
THEIR CONDITION, AS SHOWN BY THE
CONTROLLERS REPORT
He Estimates that S3,6OO,O0o will be
Required to Run the State
the Next Two Years.


The annual report 81 State Controllel
Dunn is now in the hands of the Stat,
Printer, and in few days will be ready fol
distribution. The report shows the receipt:
and disbursements for the support of the
State Government, and the condition of the
several funds of the Treasury, together
with numerous tabulated statements of the
usual character.
The report shows that the amount to
the credit of the general fund at the
close of the forty-frst fiscal year, June go
1890, was 81, 727, 1858 As, and it is estimated
that after all demands properly chargeable
to the general fund shall have been paid,
there will remain TO its credit q surplus
amounting toabout $500 000; but from This
must be deducted the salaries of the Board
of River Commissioners of $4,000, pro.
ylded for by appropriation bill, but not in.
GUIDED IN the tax levy bill, as well as the
sum OF $3.50 600 appropriated to supply
further jute manufacturing facilities at San
Quentin State Prison, but not drawn
against, thus leaving in round numbers an
excess to the credit of that fund of about
S336OOO, which the next Legislature can
deduct from the amount necessary to be
included in its tax levy bill.
THE SCHOOL FUND.
The Controller estimates that So, 600 600
will be necessary for the support of the
common schools for the next two fiscal
years. This is 100000 in excess of the
estimates for the past two years. The
number of census caildren, as stated by
the report OF the Superintendent of Public
instruction for the previous year, was 275.-
302 which, divided into the total amount
OF money subject to epportionment, gave
to each census child the sum of $40 63
for the year; which is s. GO more than the
81 oy law required to De raised annually.
The total securities held in trust for the
support of the common schools amount to
S., 26S, $50.
The report states that within the last two
years State bonds held for the support Of
the schools have been redeemed TO the
amount of 5000, and also county bonds
aggregating $3.50 500, but during the same
tine county bonds were purchased or ex-
changed to the amount of $50, $50, max
ing the increase in bonds held in trust,
$409, 450.
The appropriation made by the Legisla-
ture for the support Of common schools for
the fortieth fiscal year amounted to 81, 500
coo, and for the forty first fiscal year to
Sl,S93,50O. Yet, whilst the tax levy for
the fortieth fiscal year was but 81 SOC, OOO
the actual amount raised from property
tax was 81, 993 655 So, and from all other
sources $5SS, 354 Sc, making a total receipt
of 81 .5S20l3 81. For the forty-frst fiscal
year the levy was 81 1893 800; the receipts
from property tax amounted to 81 l00,-
S09 81; from all other sources, S61S, 942 80,
making a total for the year of s.. 7l9,743 Il.
INTEREST AND SINKING FUND.
This fund is intended to meet the princi-
pal and interest due on the bonds issued
by the State. The last Legislature directed
tax levy which would bring 5000, COO to
this fund for each, the forty first and fortv-
second fiscal years. The only bonds re-
manning unpaid are the funded debt bends
OF 1873, amounting to s., 631 900, the sum
SCI, 600 having been called in and redeemed
during the last two fiscal years. The
amount necessary to be raised TO meet the
interest on the outstanding State bonds for
the forty third and forty fourth fiscal years
IS $500, 42O. $l08,500 of the bonds of 1873
have been called in and interest ceased
October 2, $780, leaving s., 52S 500 outstand-
ing and bearing interest.
GRAMMAR SCHOOL COURSE FUND.
Concerning the Grammar School course
fund, the Controller says: "Of the fifty-
three counties in the State, but twenty-five
have availed themselves of the provisions
OF this law, and but small portions of those.
And of the go $50 census children in the
State, but 1858 are reported as attending
Grammar Schools. The Law provides that
tax shall be levied upon all taxable
property of the State, sufficient to raise So
for each child enrolled as attending the
Grammar Course Schools. the amount SO
far drawn being but s6,5S2 of the s74. 603 50
collected"
THE STATE DEBT.
AT the beginning of the fortieth fiscal
year, the State debt amounted to 81, 7O3, 800.
Since that time funded debt bonds of 1873,
amounting to SCI 900, and also $500 of
funded debt bonds of 1857, have been re-
deemed, leaving the State debt on July l,
1890 at 50, $4,000.
DRAINAGE AND CONSTRUCTION FUNDS.
These funds were created by the Act Of
April %, 1880. This Act was finally de-
clared unconstitutional. Still, taxes levied
under that law attach to all property de-
inquent for that year. As will be seen
by reference to Statement of the Appen-
dix, there remains to the credit of the
former fund the sum of $8.301 81 and to
the latter 1896 Al. By subsequent statute all
claims against these funds are payable
from the general fund, and not from either
of these two funds. Hence, the money in
them and to come into them is practically
useless.
SAN QUENTIN PRISON.
It is estimated that the amount necessary
to be appropriated for the support of this
prison for TIE forty-ttird and forty fourth
fiscal years will be $4,000. The balance
to the credit of the prison fund, SILL
754 50, is constantly augmenting, and thus
lesSeniug the amount necessary to be ap-
propriated for its maintenance.
STATE PRINTING OFFICE.
The sum of 100000 estimated for the
support of the State Printing Office. for
the two fiscal years, is deemed insufficient
by the Superintendent of State Printing, be-
cause of the very heavy demands made
upon him by many of the departments in
the way of printing, binding and station
cry.
The report also contains a number of
recommendations regarding other depart
ments of the State Government, and states
none of the judgments against the bonds.
men of Gross and Mccarthy have been
satisfied.
BARWICK'S BUDGET.
The Local Weather-sharp Descants at