Dakota farmers' leader. (Canton, S.D.) 1890-19??, 1912-08-23
Debt IS REDUCED
BURDEN ON TAXPAYERS Low.
Erred OVER 100000 DURING
LAST FISCAL YEAR.
OTHER ITEMS OF INTEREST
From the Capitol City, the Various
State Institutions and From
Many Different Parts Of
the Sunshine State.

Pierre.-The state treasury depart
ment has just issued its report of the
finances for the fiscal year ending
June 80. BY this report the state
debt is shown to be but $~5S,SS1.93.
This item in the report for the pre-
vious year was S37O,153.O3, showing
a marked decrease as a result of the
a mill levy policy inaugurated by
the Vessey administration. The re-
ceipts from the one source of taxes
for the past year were $1~,256,FSS.16,
an increase of about $4,000 0 over the
previous year, due to the increased
assessment of the board of equaliza-
ton. The debt on the capitol build
ing is now $404, 979.76, an increase but
a slight one. OF this amount $685.
BASIS is being carried by the general
fund of the state and $59,630.9S OF
warrants are outstanding drawing 6
per cent.
The total balance in all funds for
the close of the year was $685., 2S9.26,
an increase of over $4,000 owe the
balance at the beginning of the year.
OF this amount, $497, 200 was on depos-
it drawing 3 per cent, and $495,09S.26
was carried in the checking accounts
drawing 2 per cent. OF the total bal
ance the general fund carried SAIL
1897 and the only outstanding debt
against the general fund was the 1912
issue of revenue warrants, in all
$500, 900, drawing interest at the rate
of 4.24 per cent.
The receipts in all funds for the
year was $3,779, 653.19 and the total
mount of money checked out from all
funds was $3,2OS,519.15. Among the
larger sources of revenue accruing to
the general fund was the insurance
companies tax of 800. 2S2.SS, interests
on deposits for the year, $~14,103.31.
The fees of the secretary of states Of
fee for the year amounted to $24.-
925.4S. The amount of the receipts in
the maintenance of insane fund was
S161,O44.3S, all of which was trans
ferred to the general fund. The return
over the expenses of the oil inspector
for the northern district, which was
transferred to the general fund, was
$~S,542.79; Black Hills, $43.70. Against
the item of interest received on de-
post there was paid out during the
year as interest on outstanding gen.
eral fund warrants the sum of $13,-
nue. warrants was $20,625, at the rate
of Az per cent. The present indica-
lions are that there will be very little,
il any, interest paid on registered
general fund warrants from now on,
as the balance in the general fund
seems ample to take care of The state
obligation as they become due. The
inheritance tax proved a lucrative
source of income, bringing in SIS
1927, an increase OF about $4,000
over the previous year. The Taylor
d%efalcation fund was increased by
$4SO.27 income on the land set aside
for that purpose. The new depart
ment of the executive accountant was
responsible for the saving of $46S.57,
by discovering overpayments and
overcharges in examination Of the diff
ferent state institutions.
The report makes a very creditable
showing for the finances of III state
and indicate clearly that it will be but
a short time before there will be no
debt on which the taxpayers will be
required to pay interest.
Football Dates Of State College Team.
Brookings.-The following football
schedule has been arranged for the
South Dakota State college teams fall
campaign:
Ocober 5-Aberdeen normal at Alb.
erdeen.
october 12-Carleton college at
Mortified, Mimi.
October 19-Madison normal at
Brookings.
October 26-University of South Da-
kota at Vermillion.
November 2-Yankton college at
Bookings.
November s-Huron college at
Brookings.
November 16-Dakota Wesleyan at
Brookings.
November 2s-school Of Mines at
Rapid City.