The Newark star and Newark advertiser. [volume] (Newark, N.J.) 1909-1909, 1909-11-05
S3,680,882.6l in Treasury at
End of 1909 Fiscal Year, He
Says-Much Pleased.
81 ,304, 900 Is LEFT
FOR STATE PURPOSES
Vast Sum Must Be Distributed
to Municipal Governments
for Schools.

>
In his financial statement made public
today. shows a cash balance in the
treasury of *3,eso. .ss2s1. The Governor
declared that. further than saying that
he was much pleased with the situation,
he did not care to discuss the matter.
The comptroller's report for the fiscal
year of 1908 showed a cash balance in
the treasury of s2.S1s.276.l7. .Today's
report places the balance at $ss2, ,so614
over this sum.
OF the cash balance. the Governor
says, $2.376, ,Se1-21 is to be distributed
to municipal governments for school
purposes, leaving a balance of $780,,
901.40.
The Governor expresses confidence
that, with economy. the showing at the
end of the next fiscal year will be just
as satisfactory.
Following is the governors ztste~
ment:
"Of course I am much pleased with
the financial conditions of the State as
shown at the end of the fiscal year on
the 31st of October, 1903.
when the Legislature met at its
last session we were face TO face WITH
condition in the treasury of the State
that was quite alarming, and neses-
sity for the most rigid economy and
careful management was apparent. The
same conditions existed when ! be-
came governor in 1905
"a joint committee of the. two Houses
was appointed on the subject at the
session of 1903. and they, IN confaf
ence with the Governor. State treas
urer and State comptroller. devised Ger
tain legislation which was enacted and
which has proven most beneficial In
| addition to that. the appropriation
committee of the last Legislature was
exceedingly economical and careful IL
what it did, and that also greatly
helped the situation.
THE comptroller reports that there
was cash balance In the treasury
on the 31st of October. 1909. OF sS,6sQ.
SS2g1 This sum. of course. is not
available for State purposes, a
s., SIG, ,SsI.21 of this fund is to be dis
tributed to the various local municipal
governments for school purposes leax
ing balance for State purposes OF
81. .304, ,o01 40 This latter sum. however,
Is not all subject to future State needs
At the end of the fiscal year 1908 there
TO be completed and paid.
At the close of the fiscal year 1903
there were outstanding contracts
against the above State balance Of
ss41, ,250. made up of contracts and OBJ
legations in process of completion and
unpaid. as follows:
Public roads. s256.O57: New jersey
Reformatory. s2.25s; village for epilep-
tics, s33 $50; state Hospital. Trenton.
s., ,S37; State Home for Boys. $500: law
and equity reports. $500: old Tavern
House, Haddonfield. s2.360; secretary
of State, $1,000. and adjutant general,
sS7s. Campaign against tuberculosis
si64; Forest Park Reservation Commits
sion, s19,77 geological survey, $3.50
Somerville armory, s10,1S4 Total,
s341, ESQ.
This s34I, ,250, taken from the $780,.
o01.4 40, left a free balance in the treas
ury of the State available for future
uses for State purposes of $685.. .751.40.
which is an exceedingly gratifying
statement.
THE estimate OF the State comp
troller of possible revenue made last
year for the fiscal year. which has
just ended was exceeded by the receipts
of the year.
Almost every department in the
state has received more revenue than
was anticipated at the beginning Of the
last fiscal year. This fact is exceeding
ly gratifying. One of the largest items
Is In the matter of collateral inheri-
tance tax. From this source alone
over 1922 000 in excess of the previous
year was paid into the State treasury.
There is no reason to anticipate any
less revenue during the fiscal year upon
which we have now entered than that
OF last year, and with the present free
balance, if the appropriations are kept
within bounds at the next session of
the Legislature. the condition of the
State treasury will be very satisfac
tory.
"The one gratifying feature about
the present situation is that we are
sending down to the public schools
from the revenues of the past fiscal
year 2.37e, ,sS1.21, which is in excess Of
the sum sent down for the same pur-
poses the previous fiscal year, OF $1Ss.
Ol9,Sl. This is quite sufficient an
swer to the statements which were
made last winter. and are constantly
| being made, that the school fund wss
TO be depleted and moneys taken from,
/ tHe iulilC4Pd1lLicS MitlCIl ctt0Ulu ttEtt-
! imateiy go to them under the act Of
1906
There never was any such thought or
purpose in the mind OF the Governor at
any time, and the suggestions which
have been made in this direction have
all been for political effect and entirely
unworthy of those who have made
! them.
Tlle receipts from miscellaneous cor
porations the present year have ex-
ceeded those OF the previous year BY
sls7,1o7.s2. which is very gratifying. It
was feared that the revenue from the
tax on miscellaneous corporations wolfe
be reduced, bat 1t appears, on the con
4 trary. TO have increased
There has slso come to the STAT
| treasury BY tha act which PERMITTED
iue ~ take frot1z the reytnue <lefixeG