Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1916-10-25
REDUCED VALUES WILL
STAND FOR STATE
CONTINUED from Page ono

ity to decrease the levies, and thus
accomplishe the same result.
Furthermore, it becomes apparent
upon going into the subject in detail,
that there is no just reason why the
North Dakota farmer should be taxed
an additional $4,000 this fall, mas.
much as balance of 100000 over all
expenses may reasonably be expected
to remain in the treasury of the state
July l, 1917.
Governor hanna's Contentious.
Governor l.. B. Hanna contends In
justification of the state board OF
equalization in reducing the assessed
valuation of the property Of the state
twenty-seven and one-half millions Of
dollars that the levy of 3 IS mills for
the general fund will be ample to
meet all expenditures to July /, 1917.
Governor Hanna's first contention Is
that the levy made by the state board
Of equalization in August must Of
necessity be for the period beginning
July l, 1916, and ending June 80, 1917,
and not for period beginning Janu'
airy /, 1917, and ending December 81,
1917, and that the levy made next
August by the state board of equal.
cation must care for any expenditures
authorized by the next legislative as.
sembly rather than that such appro-
priatiOn should be cared for by taxes
which become due December ! and
are delinquent February I of the cur
rent fiscal year. No equalization board
ever attempted to care for Is months
appropriation, and neither can board
levy asStax for future appropriations
that mly or may not be made by a
legislature s& ,
$1,os1, 54s.42 to Raise.
According to financial statement
furnished Governor Hanna by State
Auditor Carl o. Jorgenson, there re-
main as authorized expenditures in
the nature of appropriations made by
the last legislative assembly and Of
standing appropriations for the year
ending June 80, 1917, $2,193,561.6 S.
To Offset this. there was in cash on
hand in the general fund $346,6SS.26;
available from fees, dues, fines and
forfeitures, $407 800, and in delinquent
taxes, $297,S25. leaving to be raised
by direct taxation, $1,0S1,54S.42.
Treasury viii Have Excess.
Governor Hanna points out that the
net assessment after deductions have
been made for personal property ex-
emptions will be in round numbers
about $346,0OO.0 900, and that the levy
of 7.S mills on this assessed valua.
ton would amount in round numbers
to $1,352,000, leaving an excess of
$27O,O00. ..-. ....
Square With Old Funds.
Moreover, Governor Hanna points
out that while the expenditures from
the general fund for the year ending
June 30, 1916, were somewhat in ex-
cess of the estimated expenditures for
the current fiscal year, there are a
number of items which were met dur
ing the past year which will not have
to be met during the current year.
For instance, the wolf bounty fund
was reimbursed by $4,000, the COM
mon school fund for illegal bonds,
5000; $500 for accounting; Pana-
ma exposition, 5000; trustees whose
Offices have been abolished, $4,000. In
AQAy AAStoHSCS IhdH OAC'uoll VI
the appropriation for buildings has
been expended during the first half
of the biennial period, so that, taken
altogether, there will be decrease in
expenditures of about $2OO,00 for the
current fiscal year over that of last
year.
Reduced Expense Considered.
1t is Governor Hanna's contention
that in reducing the valuation of the
state the board had in mind the less
ened expenditures necessary for, the
current year and that it only reduced
the available funds of the state by
about 100000, leaving an extra $780,.
600 to go on.
Balance Of $4,000 In 1917.
Mr.. Jorgenson in his statement
omitted the Inheritance tax, so that
by adding this to the estimated ex-
cess of receipts over expenditures
there will be a balance Jeff June 30,
1917. of 100000.
Colds Cause Headache and Grip.
LAXATIVE BROMO QUINlNE re-
moves the cause. Remember to call
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