Grand Forks herald. [volume] (Grand Forks, N.D.) 1916-1955, 1919-03-15
# all Appropriation Bills
Are Signed, Budget Will
Total $7,070,926
TWO YEARS AGO .
1T WAS A,1oo,ooo
If $4,000, 900 in Bonds Are
Issued, $566,666 Must
Be Levied.
Especial to The Herald.)

= Bismarck, N. D.. March 15,-
North Dakota's budget for the ensu-
ing two years will be s7,07O,926, if all
appropriation bills are signed by the
governor, State Auditor Kositzky an
nounced today.
Two years ago the budget for the
ensuing biennium was $4,100,OO0.
The total of s7.070.926' for the next
two years does not include the appro-
priation to the state highway commits
sion, which is repaid from motor We
hicle registration fees: nor appropria-
building and $4,000 for the extension
of the capitol street railway, both of
which come out of the $750,000
which has accumulated in the capitol
building fund, requiring no tax levy.
Nor does this total include ap-
proximately 100000 which will be
levied this year under the half-mill
tax for soldiers relief. 4
Levy for Bonds.
If the state issues $17,000,000 in
bonds this year. as provided for by
levied, under the constitution, one
thirtieth of the principal, or $5e6,666,
to insure the refunding of these
bonds in 80 years.
There must also be spread on the
tax rolls an amount sufficient to in
interest on these bonds. which will be
s1,o2o,ooo, providing the bonds are
sold at 6 per cent.
The state also has falling due this
year s176,OOo in principal on old
bonds, and $4,000 in interest on old
l.. bond issues which must be provided
for in the tax levy.
"If all the state bonds are sold i'm
mediately," said Mr.. Kositzky today.
I'VE must provide by direct levy this
year the sum of $5,599,520. exclusive
of an estimated revenue of 100000
from miscellaneous collections in in
heritance taxes, insurance fees, oil
ing this year from its inheritance tax
law, under which the first returns
are not made until the close of the
present fiscal year. On valuation
of $1,239,650,S51, created by the
reclassifjcation of property, this will
purposes. In 1918 we made 4.3
mill levy on an assessed valuation
Of 03,422,258.
School Levy Greater.
r. THE two-mill school levy will also
apply on this increased valuation.
producing $2,471,301 for school pur-
poses. The cities will be the principal
beneficiaries from this vastly in
creased revenue for school purposes.
Ino law provinces LQdl lHeSe SIldll Uc
distributed on basis of school popula-
ton among the various districts. In
Burleigh county, for instance, Bis
marck, with 1887 school children,
will receive about 40 per cent of all
the money raised in the county for
school purposes. The school popula-
ton of the county is 4,0S2, and con-
siderably less than SO per cent of this
population is in the country districts
which, under the 100 per cent classi-
fication of lands will produce by far
the greater part of the revenue.
Average Valuation Much Greater.
Last year the average assessed
valuation of land in North Dakota
was $5.48 per acre. That was on a
30 per cent classification. On a 100
per cent classification the average as
sessed valuation this year will be
$1S.24 per acre. -.
?. 'Barnes county may be selected
as q typical example. A quarter of
land in Barnes county last year was
assessed at 1920 and on 4.3 mill
state levy it paid $5.46 in taxes This
year the same quarter will be assessed
at 1929 and will pay in state taxes,
on AS mill levy. $l9.04: This
quarter will also pay $3.50 in hail tax,
or total of $23.84. as compared
with $5.46 last year. an increase of
s1S.39.. The school tax on this quar-
ter will be increased $5.92, making
a total gain for state and school pur-
poses Of S24.3O. In Cass and Traill
counties, where land values are much
higher, the increase will be relatively