The star and Newark advertiser. [volume] (Newark, N.J.) 1908-1909, 1909-02-20
FINANCE
REPORT IS READY
FOR LEGISLATURE
Lawmakers to Hear Tuesday of
SIashing Done by Special
Committee.
SEA GRIT ENCAMPMENT
IS TO BE ELIMINATED
Appropriation Bills This Year
Are to Be Slashed I'M
mercifully.

TRENTON, Feb. 2o.-The special
finance committee appointed by the
House and Senate to find a way out
Of the States financial difficulties,
which finished its work last night, viii
report to the Legislature On Tuesday
that If their recommendations are fol-
lowed there will be a working balance
in the treasury of half a million dol
lars at the beginning of the fiscal year,
November /, and that the $750,0Oo deficit
will be averted.
The committee will recommend that
this years supplemental appropriation
bill be not more than half of last years.
With that and the other measures pro-
posed the recommendations will be as
follows:
To prevent deficit and provide bal
ance-
Fifty percent. reduction in sup
Elemental bill ................. $3.50, 600
Use of money received from It'll
CATION with Pennsylvania
railroad 34S, ooO
To use from first-class railroad
property tax ESQ, 900
Total ss7S, 0oO
In addition the committee will recon-
mend that enough of last years appro-
priation bill be repealed to bring the
combined total Of reduction Of expenses
and increase of funds available for
State purposes to 81, 100, 900.
1t will also state that the savings pro-
posed can only be accomplished by the
utmost conservatism on the part of the
present Legislature in the matter of ap-
preparations, money for anything not
absolutely necessary being out of the
question entirely.
Sen Grit Cut Out.
Among the portions Of the appropriate
ton bill to be repealed will be that con-
vening the encampment of the National
at Sea Girt. But half Of the
troops will be sent, under the recon-
mendation of the committee. The ap-
preparation for last year was $62, 900.
The committee dealt not at all with
the salaries of the department forces.
1t was contended that It would take
three months steady work to get
Gil Va Az RoJlOAlSs lDc Buzz
committees appointed for that investi-
cation did confer with the heads of the
various state departments. however, to
get their cooperation in the reduction OF
the budget for this year.
The report is a series Of recommended
tons, merely. The final decision practi-
cally lies with the appropriations COM
mittees, but as the chairmen Of both the
House and the Senate appropriation
committees r members of the special
body the report Of the finance commit
tee will be made the model of what they
will allow in appropriations this year.
s~5,O0O,000.
The trouble is that the State has q
lot of obligations that 1t has not the
means to meet. For the fiscal year end
ing October 81, 1909, the State resources,
the comptroller estimates in his re-
port, will be 81, 1896, 678.S 6 The Legisla-
ture in 1908 appropriated $4,379.4 AKA
which, in addition to $500, 725. ia, already
available for contracts outstanding,
brings the States obligations up To
s4,SS6, 10000. leaving a balance of but
s10,47S.S2. In addition to that the sup
Elemental appropriation bill of last year
amounting to approximately $3.50, 900,
must be met out of this years re-
sources.
In his statement the comptroller esti-
mated that the supplemental bill for
1909 would equal that of last year. The
committee is planning differently, the in
tention being, as has been said before
to cut 1t in half. Besides that the COM
mittee figures that the comptroller has
underestimate the States income by
about 10 per cent. ~