Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1920-10-01
STATE COMPLETES
MOST PROSPEROUS
YEAR IN HISTORY
Auditor Moore Shows All
Receipts Amounted to
$18,422,3N.53.
iFTER PAYMENT OF BILLS
BALANCE IS $3,1O9,867.98
.ncome Taxes Jumped From
$eo6,726 to Total of
$l,811,000.
LICENSES YIELD BIG REVENUE
automobiles Pay Into Treasury
S50O,oOO Moro Than They
Did In 1910.
iFTER PAYMENT OF BILLS
BALANCE is $3,1O9,867.98
LICENSES YIELD BIG REVENUE
Automobiles Pay Into Treasury
100000 Moro Than They
Did In 1910.

Despite the vaunted high cost OF
wing. tho Commonwealth OF vir-
'inia was able to make both ends
moro than meet during the fiscal
car. which ended last night, ac-
|'ording TO the statement of c. Lee
ioorc. Auditor OF Public Accounts,
no receipts OF the State being 3ls,-
te.32i.53. with disbursements of
|'Is.5ls.o7Ao7.
AT fivo minutes past o'clock, the
'mcial hour OF closing tho oficc OF
nc Auditor for the year. Chief Clerk
|'ohn r. Sale was aple to compute to
no cent the expenditures and re-
epts of the State for the year.
|iotnc OF tho figures arc very illumi
ating' Mr.. Sales statement shows
nat there is now balance OF s3,-
o'.s67oS in the treasury
Receipts Increnne s5.4oI,7Oo.
More than s5.4o6.7oo was tho In
reasc in receipts OF the State dur
ng the year. when compared with the
i3.o25.622 collected In 1919. OF
curse the disbursements OF the
'tatc were much heavier. the ngure
being 31e.5l6.e7t.oT for 1920 az com
ared with sl2.e5l.7s5.i3 for tho
'sriod ending September go. 1919.
blowing an increase in expenditures
or the year of s3.S65. .2os.6i
According to estimates and com
|larisons which have been prepared
|Py y. b. Lovclacc and 8. VI. OBannon
Il the AUDITORS Office. working with
ihief Clerk Sale. :he automobile IL
cnse tax alone amounted to SI.Ta5.-
90 for tho year. compared with
|'sl7.3Sotc for tho preceding year,
IN increase OF more than s9os.ooo. or
moro than double. Every item
'hows an increase, and the figures in
he Auditors report reveal that all
previous records have been shattered
- the year just closed.
Licenses for automobiles sold dur
ne the year brought in q revenue OF
|l.ss9.oco. compared with Sl,576,-
ss6t an increase OF over 100000.
Income Taxes Aimost Doubled.
Income tax paid during the year
,!so swelled in proportion to every
hing else. the figure being Sl.sIl.oo
ompared with Seos,72s last year.
chartered companies and corpora
ions in Virginia also paid 100000
moro TO the State IN taxes Fran
,hise tax receipts increased from
|'e7e.Ooo last year to s333.0o0 this
|scar.
More of revolution still is n com
|,ar.son OF the figures of 1920 with
~ &,
collections were ss.21o. .6S.36. less By
n 100000 than those Of 1920. Auto
licenses in 1915 brought to the State
|;Is3177.5I. compared with the re-
urns this year of s1,725.0oo. Public
|iervlcc corporations also have paid n
argely Increased revenue to the
state. The total public service cor
|,ora,lon tax In 1915 was $3.50
|!o3a1. which shows up oddly with
hat OF this year. .3.1oo.466.3o.
Tho liquor licenses which the State
ost through the prohibition law have
|.o, exactly broken the Common
Wcalth, tho figures show. as tax from
'icenses. including $4,000 from the
;aic OF liquor, was but $1.156.455.4I
n 1915. as compared with s1,S6a.-
1870 this year. no liquor licenses
iaving been issued.
PcrsonnI Property TnIer.
Personal property tax In 1915
amounted to ssOo.527.09. compared
with the figures of five years vter,
Il 900, ,332.56. certainly ono OF the
argcst increases for n fve-year pc
iod ever recorded. officials say.
Mr.. Sale, who is one OF the best
.in;a, has also calculated. that by
he policy of the office under c. Leo
Moore of cooperating closely with
nc court clerks. county treasurers,
collectors. auditors and other officers
Interested in collection OF taxes the
interest derived from the public de-
k,os!ts in the banks OF tho State has
.rown from s35,15S.4s. in 1915, to
i;oS1oo.S4 for the year just closed
yesterday.
Mr. Sale stated that prompt collec-
lions CT taxes by officials OF the
,S,aie and counties has made the
Commonwealth the difference be-
wecn those two sums. at least to a
argc extent. The year before Mr..
|uoore came into office the interest
IN public funds was only about $12,-
100 annually. 1t Is declared. Coop
,ration between officials and the
auditor has caused this great saving
TO the Commonwealth. Taxes have
bcen collected quicker. the returns
banked at once and 80 largo sums
saved through higher standard OF
efficiency.
Increase on the tax paid by small
corporations OF from 100000 in 1915
to ;333.ooo in 1890 is noted In the
report Of Mesers Sale and Lovelace
to tho Auditor and incorporated m
his report. In 1919 the returns drom
this item were s279.6so. Even lower
process receipts. which are forward
ed by clerks Of tho courts. show an
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