The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1929-05-09

OUTLAWS for permanent improve
ments, $12,914,533. The total pay
ments, therefore, for operation and
maintenance of general depart
ments, interest, and OUTLAWS were
$51, 982,034. OF this amount $37, 500
represents payments by State de-
partment or enterprise to another
on account Of services. The amount
reported as interest on debt in
cludes $1,651 ,372 as payment of in
terest on county reimbursement
road bonds which are not classed
as a debt obligation of the State.
The totals include all payments for
the year, whether made from cur
rent revenues or from the pro-
ceeds of bond issues.
OF the governmental costs re-
ported above, $16,197,082 was for
highways, $4,910,682 being for
construction.
The total revenue receipts were
SIS, $685. or $22.01 per capita.
This was 20,498O53 more than the
total payments of the year, exclus-
i've of the payments for permanent
improvements, and $7,583,520 more
than the total payments including
those for permanent improvements.
This excess of revenue receipts is
reflected in reduction of debt, and
in purchase of investments not
shown in this summary. OF the to-
tai revenue receipts $37,509 repre-
sents receipts from a State de-
partment or enterprise on account
of services. Property and special
taxes represented 21.7 per cent of
the total revenue for 1928, 24.6 per
cent for 1927, and 1874 per cent for
1917. The increase in the amount
of property and special taxes col
lected was 86.5 per cent from 1917
to 1927, but there was decrease
of ia per cent from 1927 to 1928.
The per capita property and special
taxes were $479 in 1928, $587 in
1927, and $3.50 in 1917.
Earnings of general departments,
or compensation for services rem
dered by State officials, represent
ed 81 per cent of the total revenue
for 1928, 10 per cent for 1927, and
209 per cent for 1917.
Business and nonbusiness Ii
censes constituted 50.4 per cent of
the total revenue for 1928, 49.5 per
cent for 1927, and 30.6 per cent for
1917.
Receipts from business licenses
consist chiefly of taxes exacted
from insurance and other incorpor-
ated companies and of sales tax on
gasoline, while those from nonbusi-
ness licenses comprise chiefly taxes
On motor vehicles and amounts
paid for hunting and fishing privi-
leges. The sales tax on gasoline
amounted to $5,327, 079 in 1928 and
$4,907, 379 in 1927, an increase of
SO per cent.
The total funded or fixed debt
outstanding June 80, 1928 was $685.
683,359.
The net Indebtedness funded or
fixed debt less sinking fund as
sets) was $8,608,569, or $318 per
capita. In 1927 the per capita net
debt was $439, and in 1917, $061.
The debt for Minnesota includes
the debt incurred for rural credits
but does not include the county
reimbursement road bonds. These
bonds were issued by the counties
of the State for road construction,
but the State is obliged to pay both
principal and interest of the bonds.
The debt on account Of rural cred
it's is practically offset by the as
sets of the sinking fund of the
Rural Credits Bureau. The gross
interest-bearing debt of Minnesota
was $56,683,359.
The assessed valuation of proper
ty in Minnesota subject to ad val
orem taxation was $2,359, 4S9, $50;
the amount of State taxes levied
was $15,188, 343; and the per cap
ita levy, $5.61. In 1927 the per cap
ita levy was $4.02, and in 1917,
$2.58.