The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1928-04-06
U. s. COMMERCE
Department SAYS.
CONDITION OF THE
STATE OF MINNESOTA FOR THE
YEAR ENDING LAST JUNE CIV
EN-.


nounces a summary OF the financial
statistics OF the State Of Minnesota
Tor the fiscal year ending June 50,
1927. The per capita figures toI 1877
are based on an estimated population
OF 2.669,0O0. The report IS very
satisfactory one and shows a healthy
condition. This year may prove qlI-
faren5 and probably viii according w
State Auditor Chase.
expenditure
The payments Tor oIsfatlon ana
maintenance OF the gehsEaI GepaeC-
menJs OF Minnesota amounted 10
$50, 7UO,22z, or SI3.15 per caplsa3 TAIs
includes Sl1, 093, go, apporuonmeaJs
Tor education Of the minor clyIl dlVls-
ions OF the state. IN 1926 tAz- COM
Daratiyc per capita .,T opera
tion and maintenance Of general de
partrnents was S1234, and III 1916
Soils. The interest," on debt III ISz
amounted 70 $5,659,64J; anu OUTLAWS
1or permanent Improvements. Plz,-
545,9I4. The total payments, there
lore, Tor operation and maintenance
ana ouUlays were S53,l35,755 Inc
amount reported as interest on aeoo
Includes 81 ,5z9,361 as payment OF m
teIesJ on county reimbursement road
bonds which are noC cIasSed as q deoC
OF the sOaCe. OF This
amount; 81, 163 represents payments
by state department OF enterprise
to another on account OF services. The
totals include ali payments Tor the
year, whether made from current
or from the proceeds OF
bond issues.
OF the governmental costs reported
above, S15,598,764 was Tor highways,
S4,87I,O94 being Tor maintenance ana
$40, 1862 for construction.
Revenues.
The total revenue receipts were $685.
766,540, or $23s89 per capita. This
was S23,206,678 more than the total
payments OF the year, exclusive OF
the payments Tor permanent improve
menJs, ana S1O,63O,754 more than the
total payments including those Tor
permanent improvements. This eX-
cess OF revenue receipts is reflected
in reduction OF debt, and in purchase
OF investments and increased cash
balances, not shown in this summary.
OF the total revenue receipts, S42, 1853
receipts from a State de-
partment or enterprise on account OF
services. Property and special taxes
26.4 per cent OF the total
revenue for 1927, 232 per cent 1or |
1926, and 35.4 PEI. cent for 1917. The
increase in the amount Of property |
and special taxes collected was SOL |
per cent ICom 1917 to 1926, and 17.9 |
per cent from 1926 to 1927, s5.05 in
1926, and 1855 in 1917.
Earnings Of general departments, or |
for services rendered by |
State officials, represented re per
cent Of the total revenue for 1927, 90
per cent for 1926, and 209 per cent
for 1917.
Business and nonbusiness licenses |
constituted 49.5 per. cent Of the total
revenue for 1927, 500 per cent for |
1925, ana 500 per cent for 1917.
) Receipts from business licenses con- |
sist chiefly Of taxes exacted from in |
surance and other incorporate COM
panies and Of sales tax on gasoline, |
while those from nonbusiness licenses
comprise chiefly taxes on motor We
hicles and amounts paid for hunting |
and fishing privileges. The sales tax
on gasoline amounted to $4907 $40 in
1927, and s5,001 ,8O7 in 1926, de-
crease of 1.9 per cent
indebtedness.
The total funded or fixed debt out
June 80, 1927, was 6,115,- |
$50.
The net indebtedness funded or
fixed debt less sinking fund assets |