Gunnison news-champion., 1921-01-14


Uould b po.dble 30 sbtain all neces-
afy revenue with little q M hcrsase
y tAs levy. I therefore. recommend
that ths State Tax Commissson b.
eiven q liberal appropriatbon In order
eAat b The fstsss Il ~ DesSare .
Dbl and compasts Eou a taxabse
Droperty.
Our inherita0ce. .tax rate Il far BE-
low that oe osher states and Q revision
q the present scale Which wIll produce
approximately p per cent incrrass In
revenuf 70 recnsnmende6 with this
anendment. Colorado still would have
. lover rate than any other state
The state b In an excellent flnanciai
condition. The state treasursr reports
receIptA intending transfers. of ST.
3A06o0 during the biennial period
which eaded On Noe. -. l01A During
the sans period dishuFsenents tptaled
&209516S1.l7. - that the assets show
40, lnesesae sf ez.97AR291a. TIE to-
tal'avnilahse resources IN ths hands OF
ths trsas1Tes on Nov. n 1oe0. were
el0S6S351 o. OF this sun e200.O00
was 10 cash and the balance 10 state
warrants. stats boaslA school and nu-
sicipal boads and eblisztioos sf the
Ualted States government.
The states bonded Indebtedness On
Nov. 80. iac0. was N.lS7 800. COM
pared with a. .451 500 on November 81.
1919 The bonded Indebtedness was
reduced BY $264.5 during the blcn-
mum just ended. Interest earnings Of
the state during the past two years
amounted to S7G3. l62 q while interest
payments for the same time totaled
&3ls.25O33. All state bonds are held
by various state Investment funds,
with the exception OF only S4l8,200
held In private hands.
The state, Inheritance tax depart
ment collected the unprecedented total
Of $i.2ai, ,305-sl during the bIeunium.
The cost Of conducting this department
was only e4O.330.76. . most excellent
allowing.
The state Insurance department
turned Into the state treasury . total
Of $S24.Os4.73. collected at an expense
Of s67.Oi8. believe that attention
should be called to the fact that twice
within the past two years the insur-
ance department has ordered reduc-
tions In fire insurance rHteA Effec
tive Sept. I, 1913. the department or.
dered fiat reduction NJ 10 per cent
In premiums. saving the property own.
err Of the state $3.50. 900. On Sept. l..
1921. another order was entered d..
rectiEg the fire Insurance companies to
reduce their total Of premiums col
lected by sa25.O00. This order now il
being rarried out by the companies.
Over Appropriation.
When the regular session Of the
Twenty-second General Assembly ad.
3ourned Il was found that approprIa-
tions had been made which exceeded
tho estimated revenue by approximate
u 31.000.O00. However. the fiscal year
ending Nov. IN. 1920. closed with oil
appropriations paid and . surplus on
nand Of @6s7.U00. Il may be possible
that the revenue estimates submitted
70 you IN the report Of the Budget and
Efficiency Commissioner for the pres
ent hiennium also are low, but this
should not be assumed as fact. The
tax levy should not be Increased II II
can be avoided without positive injury
to the state and Its Institutions. and
appropriations should not be made be-
yond the estimated revenue.
Whatever retrenchments we find u
be necessary In other agencies Of. gov
ernment. we are In honor bound first
to make adequate provision for our
Charitable. penal and corrective insti.
tutions Therefore. It IL urged that
the appropriations for these instItu.
lions be adequate 10 meet their rea.
sonable needs.
Educational Media
The growth of our state institutions
Of higher learning In fully appreciated
BY the people who voted for an addl-
: tionai min levy to be used In their sup
port. Funds from this source, II au-
tborised BY this General Assembly, win
not become available until early In
1922 The financial problem facing
these Institutions 10 the period Of 1920
1891 demands your serious considers
tion.
otats institutiebs.
Ths coalition of state institutIongis
covesed 10 the report Of the Budget
and. Efficiency. Commissioner which
soon VII ~ before ron and. therefore.
m b Unnecessary In this message to
~ forth their growth and needs.
The Twenty-second General Assem-
bly, Authorised tho admission of the
wtsss Of veterans to the Soldiers and
Sailort Home. but made no appropria-
tioo to erect the necessary buildings.
Suitable accommodation should b
provided for this purpose as soon q
state finances will permit
Protection 70 investors.
Many Of our people have been de-
ftauded by interruptions promoters. A
stsfngeut lawsto curb and, II possible.