The Republican journal. [volume] (Belfast, Me.) 1829-current, 1913-02-20
THE FINANCIAL OUTLOOK.
Names Revenue and Estimated Expendi.
lures For The Next Two Years.

Names Revenue and Estimated Expendi
lures For The Next Two Years.
A statement of the financial outlook Of
the State for the next two years has
been issued by the committee on appro.
priations and financial affairs. 1t is
largely the work of Representative Mars
ton of Skowhegan, secretary of the CON-
mttee, and Senator Emery of Sanford,
| its chairman. who. together with State
Auditor Callahan, have been collecting
the data for the past two weeks. The
statement follows:
The total expenditures of the last ad-
ministration amounted to s9,8o5, 259. 80,
/ of which 1927, 900 was for the purchase
of unmatured bonds, and $3S4,OO0 was
for the payment of unpaid warrants.
The total income from all sources
amounted to $40, 206, 666, 29, including the
State tax of II mills, assessed in 1910
and 1911, but not collected or available
until 1911 and 1912.
The present administration starts in
with $457, 1923, 65 in the treasury. and
State tax of mills, assessed in 1912 and
available for 1913, which will bring, to-
gether with the income from al other
sources. 81, 659, O93 20, making total of
IS, 116, 221. "a, cash available for expendi-
ture
A very careful analysis of the book.
and records of the different department
and the auditor office, for the fixed ex-
pense, and of the various bills and re-
solves before the several committees of
the Legislature, indicates that the total
expenditures of the State for the two
years 1913 and 1914 will be at least So
227, 283. "a. This estimate is based on
the assumption that the appropriations
made by this Legislature do not exceed
the appropriations made by the last Leg
islature. Deducting the appropriations,
which may vary greatly, depending on
the attitude of the various committees,
such as the appropriations for charitable
Institutions, the insane hospitals, schools
for Feeble Minded, Industrial Schools,
School for Boys, regular hospitals and
University of Maine, leaves 7,749, 451.-
l6. which may almost be considered the
fixed expense of the State, because the
appropriations which it includes are not
likely to be greatly changed by this
Legislature. The purely fixed expense
of the State which is not altered by the
Legislature amounts to 81, 091, 451. 16.
If this Legislature fixes the State tax
for 1914 at per cent, the total resourc-
es OF the State for 1918 and 1914, includ-
ing cash in the treasury, it is estimated
viii amount to $685., 315. %. If the
State tax is assessed at l2 mills, the
total resources would be $40, O94, All As;
if at 5 mills tor 1914, $40, 1873, 50167.
Designating the S457, 12S. 65 cash in
the treasury, Jan. l, 1913. and leaving
the treasury empty, Jan. l, 1915, there
would be available for the appropriation
by this Legislature in excess of the
amount of the legislative appropriations
in 1911, with mill tax for 1914, the
sum Of S176,9 Ga; with 4 1-2 mill tax,
<409. 1898. IS; and with 5 mill tax in 1914,
S649, 995 So
1t is interesting to note that two insti-
tutlons alone are asking more than
enough, in excess of their appropriations
for 1911 and 1912, to consume all of this
S649. 095.0S, which would be available
with a 5 mil tax assessed in 1918 and
collected in 1914. The amounts asked
for by the various institutions are about
800 per cent. more than would be avail
able with a mill tax for 1914.