Montgomery County sentinel. [volume] (Rockville, Md.) 1855-1974, 1915-12-24

LSAIfes IAIcfEes a IkS 6E5Ecea u TIE
STATE u Maryland has beez the lax q
sgtbsity u ooDpel al estimates for
spDsoDxistio1a. and Al otbez claims szsinst
tie reverse. 70 be rscor6ed early IL The
fiscal yezr-by Noyezubexl a. the latest
Al s0ch demands and estimates should
then have teen iDci16ed p<onply in q
'booset Consisting Of these psopossd eE-
peDoft1rez compared with the total est
mated revenues Shieh sbogEd have been
presented % tie legislature Al TIE besn-
ming ot each session. and the hnsncisl &C.
tsoa of The Lssislsi1se should have been
rsstficzeo U this 'bS1set exoea fog extra
ordinary and unforeseen smsfeocieS
Mr. Chase explains the bo6set plan In
Sorne detail and points cut that some
amendments 70 the State Constitution and
The laws probably would Be necessary 70 put
The proper plan into effect He then passes
70 discussion d The revenues and expen-
oit1Tes Of the State. which. 80 said befoe.
be thinks must BE- built Up and cut down,
respectively. 10 psrt. be says.
TEEasvEY's CoEDgTsos sEEIOus.
When re state that in the fiscal year
which e8Dsed September 80. 1914. one year
sso. the AMOUNTS appropriated Cut Of gen
efsl revenue sEoseded. b. more than $780,
600. the amounts Of such revenue actually
objected. il will BE seen that the condi-
ton Of the Treasury is serious che. We
have made careful analysis Of the sp-
pfopfistion acts in force during that fiscal
year and have separated the various
classes q special revenues from the Gen
efsl revenues and have already submitted
70 you detailed tsbglstions. which Ne sum-
Marie ss follows:
Total receipts during the year ended
September 30. 1914. amounted to sl2-
sOO.5se.59. This is the money actually
received during the year. not including the
balance On hand at the beginning Of the
year Of this amount there was received
from sales u bonds. available for specific
purposes according 70 acts Of the General
Assembly. $5.306. 09e.94. Proceeds Of
sales Of bonds are not revenue. They are
not available for general purposes Of the
State. The moneys received in this way
must be handled separately and should
not be used for general purposes. except
possibly for temporary use, in which case
provisions must Be made for repayment Of
these moneys 70 be bond funds whenever
they are needed, and these repayments
must come out Of general revenue.
HoS STATE "RAs IsTo HolE-"
Aside from these proceeds Of bonds
there were revenue receipts Of 1924
1895. Of which $4.656. 23L52 were spe-
cal revenues designated by law for spe-
cihc purposes only. The difference between
these two amounts Is 81. e3S. 23sI3, which
wssthe total amount Of general revenue
available for the fiscal year 1914, whereas
the total appropriation. for which no proyis-
ion was made except from general reye-
nues. amount TO $3.349. 71719. Of which
S2.32O.275.34 were appropriated by cur
rent acts Of the General Assembly, and
1.O29.44L55 had been appropriated an
nually by previous General Assemblies.
The excess Of appropriations in the year
1914 over available revenues amounts to
S7l3,6z5.65. less whatever balances re-
yerted TO the Treasury at the end Of the
year This amount represents the deficit
Of revenue Of the State during the fiscal
year 1914. Or the amount by which the
State ran into the hole during that fiscal
period
$3.265,7l9 APPROPRIATED LAST YEAR.
During the past fiscal year ended Sep
tember 80, 1915. the total appropriations
from general funds with reversions TO the
Treasury deducted)amounted to $685.
/ 1870.
During the year the actually collected
revenues were as follows: From General
taxes, licenses and other sources available
for any general purpose. S2.763. 9l2l e.
From special taxes. funds. etc. S4,7I2.-
425. while $3.539.I6O were received as
the proceeds Of the State roads loan Of
1914 Cbonds sold).
That is 10 say that while the collec.
tons available for general purposes were
$2'763.9l2.le. the appropriations against
these collections amounted to S3,285..
1910 (reversions to the Treasury de-
ducted).
THE difference is $52l.sO7.54. which
Is the amount Of the deficit Of the pas,
year d9l5).
TINE CONF To CALL Hall
The revenue to be collected for general
purposes during the current year n9l6) il
estimated at 81. 1874 400.
For the current year ending on Septem.
Der 80 1916, the total appropriations now
available by law amountto 81. 964.824.4
II the incoming General Assembly at il.
present session should pass as many and
as large appropriations applying to the
current year. as were passed and applied
IN 1914. so that the deficit for the year 1915
would amount to 100000 or more, there
would then be grand total outstanding
deficiency on September 80. 1916, ap.
preaching $2,000.OOO, as stated pre-.
viously.
Unless prompt action is taken by the
General Assembly to cut down the general
expenditures and to increase the general
revenues. this deficit will grow with every
succeeding year.
we trust we have made IL evident that
the time has now come to stop this wildcat
financing In the State Of Maryland"
The President And Mrs. Calf We'd.
! Wondtot., uiiao, p...iA. -. ., .