The Richmond Virginian. (Richmond, Va.) 1910-1920, 1914-11-10
STATE REVENUES
INCREASE LARGELY
SURPLUS At THE END OF FISCAL
YEAR or ALMOST
sfJ0,Ga0.
NO NEED OF LIQUOR
AT PRESENT RATE OF INCREASE
STATE WOULD HAVE SURPLUS
IN 1917 UITHot 4 LICENs-
ING SALOONS.

a gratifying increase IN the taxes
paid the State as shown in q statement
on his annual report given out yes
terday by Sra Auditor Moore, near
Is 5000 geo more being shown for the
fiscal year ending October. 1914, than
surplus IN the State treasury at the
end of the year was S445,6S160, as
against s333.S24.54 in 1918 and only
s40o.S2 in 1912.
The assessed values in the state
showed an increase ef more uaan one
hundred thousand dollars In three
years. The increase in taxes received
was made despite the fact that the
S;at" lest $4,000 In liquor taxes this
Year.
The increasosswere due to increased
values OF the property taxed and to
more accurate returns for taxation.
he value of incomes assessed showed
an increase of nearly So, 900 900. show
ing the result Of Auditor Moore's con-
tinual efforts to enforce tie income
tax law all over the State
Liquor Licenses Not Needed.
One significant feature OF Auditor
Moore's report Is that in spite of
largely Increased appropriations the
surplus in the State treasury has
grown rapidly under the administra-
tlon OF the present auditor and that
even though no liquor licenses had
been issued during the year the State
would have been abe almost to make
foh ends meet without increasing
taxes. II the present rate Of in
creased Is continued, and even though
h.A ia 1r,,,.
treasury VIII show surplus at the
end OF the year 1917 without receiving
one cent OF liquor revenue.
Auditor Moore's statement follows;
state Auditor Moore has prepared
the following statement:
The assessments for 1914 made by
commissioners of the revenue over
those made In 1919 show the following
increases in values:
Personal property. tangible. intan
Eibie and money, s2h. 665.i2s.
IN 1912 the amount of money as
sessed upon the personal property
hooks BY commissioners OF the revenue
was slf,o02.72l. The amount assess
ed for 1874 en- the personal property
books is. s35 s2097s
Upon the value for 1913 the state re-
ceived tax at the rate of thirty Ave
cents on each siG0 assessed value. and
tHS several ioCalitteS imposed local
taxes on the amount assessed.
Upon the assessment for 1914 the
state tax assessed Is at the rate Of
; twenty cents on each 500 assessed
value and no local tax is assessed
The increase In the revenue of the
State upon the assessment Of money
in 1914 over that Of 1919 is s2.s4ls7.
Tn addition TO this assessment upon
money by the commissioners OF the
revenue the public service corporations
this year. for the first time. have been
assessed by The State Corporation Com
mission with taxes at the rate of
twenty cents on each 500, upon So
I9971t.32.
Personal Property.
The increase in State taxes on per-
sonal property assessed by commits
soners of the revenue in 1914 over
1918 Is $32.6S1,9l.
Real Estate.
The value of real estate assessed by
commissioners OF the revenue in 1913,
eliminating the value of real estate
declared by the Supreme Court of APP
pedls not to he assessable, was $685.
42i 094
The value of real estate assessed by
commissioners of the revenue In 1914
is S54S,G21.7r3, being an increase of
$40 zoe. 69ss
The increase in State taxes 1914 over
1913 on real estate is s35.70245.
Income.
The increase in value Of income as.
sessed for 1914 over that assessed In
1913 is s2,a32.ss7 making an increase
in the tax on incomes in 1914 over
1913 of $2e.32S.s7
License Taxes.
The assessments of license taxes
other than liquor over those in 1919
show an increase Of s31. 039.0S. There
was falling off in liquor license
taxes assessed for 1914 over those as
sessed in 1913 Of st3,0224s.
The increases in State taxes shown
above are as follows:
Personal property ...S 3l.6Sl.g1
Income $500. .......,...... 29.32S67
Raal estate AZ