New-York tribune., 1910-03-07
FINANCES OF STATE
TIILI1MS'S REPORT.
Tota! Receipts of Year Amount
to So ESQ. .939 29.

Albany. March 6.-Important changes IN
the laws which the State Controller is au-
thorized to enforce are recommended IN the
/ first annual report Of State Controller Clark
Williams. which will be transmitted 10 the
Legislature tomorrow night. The report
describes conditions down TO the end of the
fiscal year which terminated on September
/ so last.
The Controller treats OF the various rev.
enue collecting bureaus of his office, and
presents facts and tabulations regarding
canals, highways. taxation of state lands,
the accounting affairs OF the state prisons
state printing, the United States deposit
funds. the supervision of accounts of state
institutions and several other subjects.
One of tho most important recommenda-
tions is n proposed change in the method
of collecting the tax on transfers of de-
| cedents' estates, which. if made, Controller
Williams belivs. dwould say tn ciyllaiayrye
Williams believes. would save the state not
less than s1500O0 annually.
The form OF the statements OF condition.
/ receipts and expenditures sinking funds
state debt and estimated receipts and ex-
penditures during the current year has
been greatly ampli1ed. in contrast with the
-
The receipts and expenditures are shown
comparatively, as between 1908 and 1909
with classification of expenditures under
executive, administrative. legislative, judi
! cial, regulative ard other divisions of the
state government, and showing an analysis
of expenditures for salaries, services and
allowed expenses, printing, legislative and
departmental investigations, support of
common schools, maintenance and repairs
of public highways and other maintenance
repairs and expense. All these items are
separated from the more permanent outlay
for land, new buildings and structural i'm
provements, equipment and furnishings
and refunds and the payment of obligations.
State Debt Is 41,2so,66o.
The securities and cash in the various
trust funds amount to So o66, ,552 "a. The total
amount of the state debt is shown to be
s41, go $50. gainst which there are securities
and cash in the sinking funds amounting
to So, ,056, ,269 10 The revenue receipts during
the year into the general fund were sS1,211.-
76S IS, the largest items being:
Taxes on corporations ons............. IS S71 e2O o0
Tax on transfers Of decedeuts estates 6 So s1 %
stamp tax on stock transfers. 355. $40 16
Excise taxes y 40 524 II
Tax on recording mortgages ...... iS44s2i 45
The fees and other receipts of public
officers, all of which are turned into the
treasury. were $3.50. 702 S. while upward of
100000 was returned by the Insurance
and Banking departments. various state in
stitutions and from miscellaneous sources.
including interest and the states $3.50 4S6 81
OF direct taxes for court expenses.
The receipts into the canal fund were
SIS, 254, AL 81, aside from the amounts con-
tributed TO sinking funds for the retirement
of bonds. This sum includes s10.o10OO0 of
par value Of barge canal bonds sold. but is
apart from s5,000,000 of bonds sold for ac-
count of highway Improvement fund.
The total receipts into all funds amount
ed 10 52,2S5. 2S9 %, an increase of slightly
more than $4,000 over the previous year.
The cash in the treasury at the beginning
Of the year was $S17S5, ,076 2S. The surplus
after adjustments had been made was
S. 435, ,S4S 16, the cash in the treasury at the
end of the year being s19961 ,0S7 Al. The
total expenditures from the general fund
for the last two years were ST ~, $50 10 and
S31,570. $40 So respectively. Corresponding fig
ures for the canal fund are 1926, ,34s 50 and
$25, 465, ,25S 36.
General Fund Expenditures.
In commenting on the increase in general
fund expenditures, the Controller explains
most of the s4,co,ooo OF additional outlay in
statement OF details, as follows:
Under appropriations for:
Expended Inc over
during last fiscal year
fiscal year preceding.
New Education Building. 1864, 600 s55Q 600
Support OF common schools. (. 6S1, 600 1876 600
Prisons ................-...j, ! 357. .0O0 297 600
Commission in Innacy and
the institutions under its
care = fOA,uVD 4OOV
State Board OF Charities and
institutions under the su-
perviSion OF the Fiscal
Supervisor ......-...-....2 . eH6 600 go, 600