Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1907-07-26
OUR STATE FINANCES.
'ner excellent and Satisfactory condl-
tIon-some Interesting Comparative
Figures.

lSuTGSs
burlington Free. Press
Inc last direct state tax imposed in
Nermont was in 1900, the proceeds real
ized therefrom having been practically
S1'o'ooO' The total income derived by the
state treasury from the corporation taxes
the inheritance taxes and other sources
tnat year was in round numbers SSS1.-
156,620. was ~
The income from the corporation taxes
indirect taxation, and other sources of
revenue Will be such this year that orr
commonwealth will not only pay its run
nlhg expenses, but also the extraordinary
expenditures voted by our lawmakers
rms result has been made possible
through the marked increase in receipts
IRON corporation and inheritance taxes
ana the manner in which this income has
increased viii appear from the following
schedule, the figures being for the fnan-
clal year ending June 80 in each instance:
1906. 1907.
Corporation ......S678 ssO1O s71S.S55. n
Collateral inheritance
TAX .'........... 40,5S114 524l25S
Total .:........$714,4612 1856 26S. 35
Gam over last year............s51S O711
FOR the year ending June 80, 1900 the
receipts from these sources were as fol-
lows:
CoIporation ........... $439 957.4S
CoIlateraI inheritance taxi. 26,S27.53
Total Observation-Disclosures. 1856, 2S5. OF
Total taxes collected through
tax department 1907........s766 PCS az
Total taxes collected through
tax department, 1900 ....466.2 S5. OF
Gain in seven 1929. $50. "a
It is estimated that the amount to be
collected for the ensuing wear ending
June 3d. 1908, will exceed $3.50 900. or in
other words this sum will equal the
amount received from like taxes for both
the years ending June 80, 1899 and 1900
which was 1881, SOS Sc. This sum in ad
dition to other income and the $4S4.O sO.-
~ cash on hand in the state treasury and
in banks on July l last available for the
new fiscal year will leave the state in
good condition at the end of the present
administration.
In addition to the payment of this
years share of the expenses for the bien-
NAL period a long list of extraordinary
expenditures at least in part. must be
provided for. among which are the fol-
lowing: The payment toward Morrill,
NAIL which was authorized by the pre-
ceding Legislature, will be S37. 900 in round
numbers. The new school appropriations
providing for centralized district superin-
tendence and inspection and school and
other improvements aggregate about $75.-
600 and the appropriation for improved
highways is $50 900. The appropriation
for the adjustment of highway grade
crossing on railroads is $25 900, and that
for the jamestown exposition $40 600. The
repairs and improvements ordered at the
state prison win cost nearly $50, 600 The
increase in revenue has been such how
ever that there will be a falling off of
only about $4,000 in the treasury as
compared with the amount on hand at
the beginning of the year. although the
income from the sale OF cattle will show
a dimnution of $4,000 as compared with
last year.
This handsome showing as to revenue
speaks well for the manner in which
State Commissioner of Taxes ]. Z. Cush-
man has administered his office as well
as for the tax legislation which he was
so largely instrumental in formulating.
The expenditure of the proceeds Of taxa
ton is another matter and It is a well
known fact that Governor Proctor is Civ
ing this close attention, insisting that
every avenue of expenditure shall be
closely watched ana all leaks stopped