The Grenada sentinel. [volume] (Grenada, Miss.) 1868-1955, 1906-02-10
THE a T FINANCES.

J Among the splendid men who are
members OF the present legislature
none rank higher than Senator G.. r.
Hightower, of Lafayette county. Mr..
Hightower was reared in this county
and our people take nc little pride in
his splendid success.
During the present sitting OF the
legislature he has been doing his best
to protect the state against those who
would make a mad rush upon the
treasury. He has prepared a state
ment OF the states finances which we
herewith reproduce:
EXHIBIT l..
The assessed value of all the property of
the state for the fiscal year ls9S-lS99 was
s1ss, 900, 600; the assessed value Of all the
property I'm the state for the year 1904 1906
was S2S4, DOC. 600. An increase in the six-year
period shows 500, 0O0,0
The increased per cent in wealth for the
six years. therefore, is 81 per cent.
The actual expenditure made by the state
during the biennial period ended October I.
1899, was 81, 1904. COO; the same for the biennial
period ended October 1. 1906. was 5.572. 600,
the increase being S2,66S, 900.
The percentage Of increase In expenditures
for the siy-year period was 81 per cent.
Therefore, the increase of expenditures ex-
ceeds the Increase In wealth in the six-year
period Al per cent.
EXHIBIT ..
The receipts from all sources for the fiscal
year ended October /, 1899, were 81. 603. 000;
the receipts from all sources for the fiscal
year ended October 1, 1905, 81 S3. 900. The in
crease sbowsS 81 1870, 900.
The rate OF increase in receipts in the six
years shows ~ per cent.
The increase in expenditures as shown by
exhibit / was 92 per cent.
The increase in receipts is ~ per cent.
Hence 1t will be seen that the expenditures
OF the state have increased 20 per cent more
than the increase in receipts of the state
from all sources since October /, 1899.
EXHIBIT 3.
In addition to the increased revenues de-
rived from the increase in the States
wealth, we have had during the past six
years, the following items from extraordi-
nary sources. viz:
Cash on hand Jan. 1. 1900 .......S 546.55S 81
Receipts from revenue AGENT. 636. 1923 IS
sale or college and school lands. 679.S99 OIL
Bond sale .............N $685. 91 So
Sale ID. & d. property 4O.736 SO
Sundry mounts. 5.S04 81 S4,4 28 81
Grand total So. 707,3 14 60
This sum is sufficient to pay for the State
Capitol and all other public buildings erect
ed by the state during the past six years.
No man In Mississippi, therefore, has been
taxed 1 cent for public improvements made
during the past six years.
EXHIBIT 4.
The auditors report shows that the eX-
cess Of expenditures over ordinary receipts |
for the last fiscal period was 1851. Csc.
With the expenditures for the biennial
period ended October /, 1907, the same as |
they were at the close of the biennial period, |
on October ]. 1906, without any change in the |
revenues coming in, we shall nave a deficit |
equal to the amount above stated. but with
500, 600 cash on hand january /, 1906, and "A
probable increase in the revenues, derived
from taxation, of 100000 for tho next two
years, this prospective deficit will be wiped
out.
Should the legislature, however, pursue
the same liberal policy that it has for the
past six years and grant practically all the
made upon it, a very different con-
dition of affairs will exist.
We have at this time the following items
Of increase over and above the apprOpria-
tions made in 1904, asked for by the various
in the state-viz:
the schools and cOlleges......s +G2, 1877 0C
the eleemosynary institutions,
state board OF health. DeauvOir,
department Of history, repairs
on the governors mansion, etc. 4G5,0 600 90
Park monuments $50. 100000 90
stations. apprOXi-
mately 10000 90 |
small items. 1901 900 90
New hospital, Jackson. ............. 1C0.U00 90
Total. .sl,I75,137 90
This sum, il granted, will necessarily have
to be covered by bond issues or tax levies.
The following items, in addition to all that
gone before, must necessarily be pro-
yided for at this time: |
interest charges - 10000 90 !
special loan made by the govern
salary Tor one additional Judge WV" "
and district attorney. ...... 10000 90
Bonds, maturing jan. L lDI....... 100000 90
lOtdi VsV,oVO W
Add to this sum the increased and special
rs shown above and you will have !
=. O45. 437 90, which amount il in excess of all
he revenues that will be derived from all [
ordinary sources during this biennial period, I
md il granted. must be provided for with
or by taxation. q
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