The Morning Tulsa daily world. [volume] (Tulsa, Okla.) 1919-1927, 1920-08-30
CARTER REVEALS
STATE CONDITION
Says There Is no Reason
for State Tax Levy
in Next Year.
WILL NEED 7 MILLION
Estimated Income 6 Millians; |;
Cash Recourses May BE 10
Millions, He Declares.

OKLAHOMA CITY. Aug. 10
Frank G. Carter. state auditor, de-
clared Saturday that mo rencon or
excuse exists Tor "a tax levy Tor
state purposes for tho fiscol year
ending June 40, 1871 Mr.. Carter
was discussing The Hthtemcnt OF
Dkinhoma's financial condition.
which he issued this afternoon. lie
had $500 copies ~ the statomcnt
printed for distribution.
Require Million.
Total requirements tof the year
will not be greater than &7231t0l-
Ss." he said III we collect the ten.
tntivo Estimated income OF SOS 2b,-
800. and we shall collect $1,000 600.
and add this TO tho surplE. We shall
have caeh resources OF 3l0,bi9.l1t-
81, or S8,iti,3b2.99 I'm excess OF re
utirements without any ;oVy ~ All
IL thoro any reason FOR a levy for
state purposes for the present fisca'
yenr7
The state board OF equalization
under the law must levy an ad va
loren tax OF ono-hnlf OF 4 mill Tho
proceeds OF this do not nccrue TO
the benefit Of general revenue ialt
OF u ls crcditcl TO tho highway CON
struction fund and half 10 tho COM
mon school fund."
~
Items of tho states general row
cnuc fund available for the present
year. AK lstcd hy Carter, include
$1,000 .Ol3.hS in al valorom tax OF
last years lovy, which has not yct
been collected rhc new estimate ot
earnings of various revenic produc-
ing departments cf government 70.
talr SG,625,50O, as against tG.225.-
GsgS0 collected ftom the same
sources last year Colltttiona las'
year compared w'lh Cnrt"r's csti
mates. include. Gross production
lax last ycnr S3,853,i0i, estimate
81 600 900: income tax last year
,sSld.2i2. estimate $i50,J0O. interest
On daily balances. state treasurer,
.aat year Sl57.t70 cstirute $50
coo. corporation license YAK last year
S2sO.0t7. cstlmAtc 100000. lnsur.
anco oompni issloner Last year fbil'
1Gs, estimate $500 600, highway de-
rartment last year f265,3hS, estimate
$3.50 900.
"The revenues noted are not all tho
revenues OF tho state" Carter said
The universities and colleges arc
credited with a great amount OF row
enue from the school lands, ana
these do not accrue to The benefit OF
the general rovnnno. but are applied
To- the credi; NJ tic institutions. The
state fire marshal fish ana game
warden. bar commission and insur-
nnce commissioner also produce rev
chuc for special purposes II the
needs OF those special purposes are
met the legislature may tIansfcr tho
balances 10 the crbdit OF general rev.
cnue. More OF these revenues are In
cluded In the statement
Estimated expenses OF the Ftate
for the wear ending June 30. 1920, In
clude s6.b2s,0af.6t Appropriated by
the legislature, sg0T.500 .hond ae-
cruols, sf90,26S2i deficiency certifi.
Gates Issued by tAe governor up 20
Jans 80, HeSl, and s2ee 600. the
maximum amount OF deficiency peT-
mittod 10 be crcntcd during the pres
vnt year---n total OF S7,294 ,S0iSS,
Discussing the revenue should a
state lcyy be imposed to he added 70
the surplus already estimated 70
amount TO t34143h20a. Carter lists
Onq-half OF one mill. surplus si,2t6,.
s7736. one mil', S5.07s,SOi,72; ono
and one-hnlf mills, S6,pliCe6.ilt
tho total surplus rearltins from lev
les of various amounts az fpllowa.
two mills. SG,743.950,i9.