The Logan Republican. [volume] (Logan, Utah) 1902-1924, 1913-01-07
STATE SPENDS
MORE MONEY
Nevertheless, Utah's Treasury Has
Greatest Amount In Its
History

the state treasury over and above
all amounts required for outstanding
warrants, S1,441 ,O29. 30, the greatest
balance with which the state has
ever faced new biennial period, ac-
cording to the report OF the state
auditor, Jesse ID. Jewkes filed with
Governor Spry, last Friday.
The expenditures of the common
wealth, its various incomes, the dispo-
sition in detail of all funds and the
exact financial standing of the state
are given in the report. which is the
most voluminous filed with the gov
ernor. 1t covers 100 pages of double
sized legal paper aside from the bal
ance sheets. In part it follows:
Governor Praised
ITO the special credit of your ad.
ministration and as tribute to your
splendid business management as the
chief executive of the state, reference
to the statements of this report will
show that in addition to the regular
expenses of the state government
more has been expended for the gen.
eral good Of the state during the last
two fiscal years than in any two pre-
vious years, and yet at the close Of
business, November 80, 1912, there
was a greater balance on hand with
which to begin fiscal operations Of
the ensuing biennium than has ever
before been shown in the history of
the state"
It should be borne in mind, how.
ever, that there are already purposes
provided for expenditure of the I'M
used balances, the auditor says by
way of aomonition against an overly
wealthy spirit on the part of the leg
islature.
States Receipts
From all sources and for all pur.
poses the amount received into the
state treasury during the last two
years is shown to be s7,439, 235 10.
or this. $3,O97. 1897 was placed to
the credit of the general fund, in
which was included the 100000 APP
propriated by the United States gov
eminent to the Utah Agricultural Col
lege. These receipts are exclusively
of the balance on hand at the close
of the previous biennium, which was
$616,632.72.
one of the principal sources of the
increase in revenue, says the report,
while the bond issues for state road
bui ding and for the central building
at the university enriched the credit
balance Of the states books by $3.50.
900 and 100000 respectively.
Inheritance Tax
Receipts from the inheritance tax
during the two years totaled $780,
370.27, which is SLIGO, 500. 16 more
than was collected the previous two
years and s1.O75,742.O s more than
during the entire period of statehood
previous to the past two years.
The auditor takes occasion to pay
compliment to A. r. Barnes, attor.
ney general for his ability and indie
fatigable persistence in collecting the
inheritance tax on many large estates
that might otherwise have escaped.
The total receipts are divided as
follows: Taxation. s2,69S, 1853 SO: land
grant funds, s1,s72,252 90; fees from
state officers, $406,361 "a. This is ex.
elusive OF the inheritance tax receipts
The total amount disbursed for all
purposes during the two fiscal years
was $6.6l3,S57 60. or this amount
2,437,5S4.l2 was from the general
fund. This money in the main went
for the following purposes; Schools,
public institutions; state roads, re-
demption of 1892 bond issue. the in.
vestmest OF land grant funds in va.
rious securities and state bounties.
The report then estimates the
amount to be placed to the credit OF
the state during 1913-1914 as s2,1O1,-
1919, while the estimated require
mehts for the forthcoming two years
Is &3.257, 435 .2S, a total OF estimated
demands over estimated revenues of
S,1b6,27s. IS. The report suggests
that the appropriation committee of
the legislature confer with the gov.
ernor as soon as possible to devise
means to overcome this probable bal.
ance.
Assessed Valuation
The assessed valuation Of property
In the state Is given as follows: 1911
S1s4,S64,660, and 1912, $500, 299. POT,
an increase Of sl3.ss4,7 O2. The re-
port suggests that the assessed valu.
alton be placed at full value-that ia,
100000. Ooo-and the levy rate de-
creased.
The present bond / Indebtedness of
the state is $1.210,0o0; but the bond