The Churchill county standard. (Fallon, Nev.) 1908-1920, 1917-01-24
lEvADA. WEDNESDAY. JANUARY "a, 1917
STATE CONTROLLER ISSUES !:
REGULAR annual REPORT
Financial Condition Excellent With
Lowest Tax Rate In States
History.

An advance copy of the annual re-
port of State Comptroller Cole for
1916 has been received and its con-
tents show that 1t is not only very
comprehensive, but it indicates also
the wonderfully prosperous condition
of the State finances.
The report shows that the total
receipts from all sources amounts to
s2,09O,545.97, and the disburse-
ments, s1,575,OSS95, leaving bal
ance on hand of $515.457.02, against
a balance on January 1, 1916, of
$276, 6,000.02, a gain of S238,765.02
during the year. The educational
department of the state leads all 9TH
ers in the items of expense with
total expenditure of s439,S62.34 for
the support and maintenance of the
public schools, university, Virginia
City and Tonopah school of mines,
historical society, school teachers
pensions, etc. The charitable and
penal institutions come next, with
s167.2S2.45, and commissions and
boards, s43,367.30. This latter
amount includes the Public Service
commission, $5.06498; Railroad
commission, s1s,s93.so, and the Tax
commission, s12,77S.s9. For sal
aries of elective officers and assist
ants, s9s,673.76.
The expenses of the State prison
was $73,509.66; the State insane
asylum, s57,4O7.83; Nevada school
of Industry, 11,362.es; orphans
home s15,s56.31. Interest on bonds
amounted to s51, 900.
The valuation of all state proper
ty totals s2,041, ,09631.
In the collection OF state revenues,
Elko county leads with total of
S187,07S.41, with Washoe, second
with s149,17993; Humboldt, third,
with s130,290.27 and White Pine,
fourth, with s10S,26407.
The report shows that the cost OF
the State government Is 1854 for
each person in the State, based on
an estimated population of 09,736.
This sum was divided up as fol
lows: Educational, s4.05; chari-
table and penal institutions, $1.53;
commissions and boards, 4S cents;
salaries for State officers, 81 cents;
miscellaneous departmentss1.92
Figuring on the same population,
the receipts per capita during the
past year we're $11.95 of which
$3.50 was secured through taxes and
SO cents In licenses.
The total assessed valuation of
property in the state, both real and
personal, aggregates $174,471,-
1850. yielding taxes amounting to
the sum of s2.699,6s1.77.
The gross production of the mines
from which the state derives a rev.
enue, foot up s39, 21,733.3S, the
net yield or value being s18,S24,-
027.63, from which a total tax of
$277,3Ss.2S, was collected.
The estimated receipts for 1917
Is are placed at s2,603,150.00, and
the disbursements at a like amount.
This, as the Controller says, is a
purely arbitrary table and is Offered
only as a starting point.
The report also shows that the
state treasurer is custodian of bonds
belonging to the Industrial Insur-
ance fund amounting to $15S,s0o.
To quote from Controller Cole in
his. report the figures prove healthy
condition of financial state affairs;
and though the state has enjoyed
the lowest tax rate in its history,
every state fund carries a substantial
balance, and state assests have in
creased about 100000. The as
sessed valuations of real and person
al property has increased over 10
per cent, while in mining the gross
production shows an increase of so
per cent.