Williston graphic., 1919-04-03

24o,ooo.oo
s5e,242.eo
25e.4oo.8
es7,4oO.oo
100000.
s7,00O,284.7o

~S~~e~o
IOtal. .$t, ,0VV,zo7.dV
The u mill levy for re-
turned soldiers on an
estimated valuation In
1919 and 1920 of 81 ,2OO,-
900 will provide. 81 800 10000
Total appropriations. SO, 100, ,2S4.7O
In estimating the tax levy, for 1919,
however, the appropriations out Of
existing funds and out of fees and
license funds need not be considered,
80 that the following items and
amounts are the only ones which must
be taken into account IN estm44nG
the state levy for 1919:
Appropriations for normal
expense Of state govern
menC .$O,OOO,OoA.SS
Appropriations for new In
OuStrleS S............. Ood,4VO.VV
Deficiency and emergency
appropriations ......... 256, ,46O.33
Standing appropriations q. 100000
4Oldl. 80 .%s,OV9,v7S.AO
Figures for 1919.
One-half Of the amount Of $7,O04,-
042.10 must be raised by the 1919 tax
levy or $3,502,021.05. Taxes on in
surance premiums, inheritances, fees
and licenses, corporation, excises and
oil sales, will amount to 1888 900,
leaving balance Of $2,519, ,O21.O5 to be
raised by taxation. But In addition to
this $500, 1000 must be raised for the
soldiers compensation fund; the state
auditor estimates that $4,000 princi-
pal and $4,000 interest on an old
bond issue must be provided for in
this years levy; and it Is possible
though not probable that $50, 1000 may
be raised to pay the 6 per cent inter-
est on the $9,O0O,OOO bonds which may
be issued this year. This makes the
total tax to be raised in 1919 for all
possible state purposes $3,863, ,O21.O .O5.
On the total state valuation Of ST.
20OO0O,O0O levy Of 3.21 mills will be
sufficient to raise the necessary funds
and in 1920, when the income tax will
bring into the state treasury an addi-
tional sum Of between $75O,O00 and
81, ,0O0, 900, 1t will be possible to lower
the necessary mill levy for 1920 at
least six-tenths Of a mill.
Big Facts Ignored.
Various assertions by state officials
and newspaper correspondents giving
estimates of the mill levy for 1919
have ignored the fact that the miscel-
laneous income for the state going into
the general fund in 1919 will be nearly
81, 100000. The tax commission esti-
mates this income as follows:
Insurance tax of 2h per cent
on premiums. $4,000
I'm 1917 this amounted to
$2OO,6S7.72)
Inheritance tax Estate portion) 100000
lin 1918 this amounted to
$71,64O.OO)
Fees and licenses going into
the general fund ........... $4,000
Tin 1918 this amounted to
$780, ,283.35)
Corporation excise tax. ....... 10000
Estimated as follows:
Railways and other
utilities .$12O,OOO
Banks .............. S,OOO
Other domestic corpora
tons ............ 2o,UO
Foreign corporations. 10000
OIL tax ZoO'OOO
Estimated consumption 5O,-
100000 gallons, Nc on gaso-
line, 1c on gasoline substi-
tutes, Nc on kerosene, 1c on
kerosene substitutes, average
tax estimated at We per gal.
Total estimated miscellaneous
income going into general
fund .$9SS,OOO
A Wrong Assumption.
The estimates by state officials and
hostile newspaper correspondents have
all assumed that the state would be
compelled to pay interest on the entire
| $17,OOO,OOO bond issue at the rate Of
| 6 per cent for the entire year 1919