Las Vegas age. [volume] (Las Vegas, Nev.) 1905-1947, 1927-01-22
NEW CHIEF EXECUTIVE
OUTLINES VIEWS ON
NEEDS OF NEVADA
Recommends Lowering of
Expenditures in the Con-
duct of the State Govern
ment

~ SlSCJGu SHlGl 6&eCuJlNe Vi
the state, submitted his recon-
mendations to the state legis,
lature Tuesday. His message
covering the present condition
Of the state and its needs for
the future was as follows:
To the Honorable, the Senate and
the Assembly:
Complying with the Consti.
tuition which requires the COVER.
nCr to communicate by message
the condition of the state and to
recommend such measures as
may appear necessary, l trans.
nit suggestions for certain legis-
lation which l deem expedient.
Our economic situation calls
for the reduction of public ex-
penditures. l am convinced and
l believe your are, that under
present conditions, the people of
Nevada do not want an increase,
but on the contrary expect a re-
duction in their tax burden. l
feel that they expressed such a
sentiment in the election held
last November as definitely and
emphatically as anything can be
expressed in a popular election.
= Their decision has predetermined
the maximum of appropriations; !;
for the total of appropriations can
not be increased without in
creasing the tax rate
Finanes
The financial condition of the
state is a matter that merits
your earnest attention. There is
in process of tabulation at the
present time, the budget for the
ensuing two years which in due
course will. be handed to the
legislature. An examination Of
the Indebtedness of the state
shows that it's interest bearing
obligations during the last six
years have increased. This bond
ed Indebtedness is offset, how
ever, by bonds owned by it's
various departments.
A resume in brief, of state
finances, discloses the foil ,wing
facts:
hO JULIUS anu S6CutlJl6o OWA6u
by the state, January 1, 1927,
had a par value of $3,O49 ,8O7O7.
In addition to the bonds and
security investments of $3,049,-
807.07, the state had ON January
l, 1927, funds amounting to $162,-
451.38 available for bond invest
ment.
It's obligations, expressed in the
value Of bonds issued on the
same date, were $1,812,00O.00, in
Guiding the irredeemable Terri
torial bonds aggregating $3.50, O,O0O.-
90 which are not included in the
constitutional limitation. The
state had on January 1. 1927,
funds amounting to $139,86943
in its bond interest and redemp-
tion fund available for payment
Of bond interest and redemption.
The state has no current liza
bilities except for it's monthly ex-
penditures.
There was an available work
ing balance in the General fund,
January 1, 1927 of $253,332.36.
A thorough and complete state
ment will be given to the legis-
lature at the time the Executive
budget for the years 1929 is
presented, and l will at that time
furnish further data relating to
the finances of the state govern
ment.
The state is called upon to
retire an indebtdness of $780,
100000 evidenced by it's bonds,
as provided for By the legislature
of 1913 and for which a tax
levy was provided, but which
tax levy has not been imposed
since 1921. No payment has
been made on this Indebtedness
since the year 1922 The state
also owes $3.50, 10000 on the So
called Nevada Exposition build
ing bond issue, payable at an
average rate of $25,000.00 a year
and not later than 1885 in its
entirety. The total of these two
bonds issues, $400.00O.00, must
be provided for in such manner
as will noN embarras the tax
payers of the state.
| recommend that this legis-
lature take no steps. nor pass
any acts. or resolutions that will
place further Indebtedness upo1
the state, unless absolute neces-
sity, demands.
Livestock, Agricultural & Ranch
ing Industry
For several years past, the
ranching. livestock and farming
industry has struggled against
adverse economic conditions
which have been aggravated in
many cases by dry seasons and
the loss of spring, fall, summer
or winter ranges. The opera
tions of the cattle industry especi-
ally, have been carried on under
the most serious disadvantages.
The sheep industry has been
more fortunate, but requires at
tention for the protection of
the ranges adjacent to the pri-
vately owned lands which are