Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1930-01-30
FINANCIAL STATISTICS
OF STATE OF MONTANA
FINANCE STATE OF MONTANA

FINANCE STATE OF MONTANA
Washington-The Department of
Commerce announces a summary of
the financial statistics of the State
Of Montana for the fiscal year ending
June 80, 1928. The per capita figures
for 1928 are based on a population OF
584,889, Federal Census Of January
l, 1920. These statistics we're COM
piled by Hugh X. Cav, Jr., States
Auditors Office
EXPENDITURES
The payments for operation and
maintenance Of the general depart
ments of Montana amounted to &c.
53l,522, or $11.9O per capita. This
includes S ,542,944, apportionments
for education to the minor civil divis-
ions of the state. In 1927 the COM
~parative per capita for operation and
maintenance of general departments
was $1,000, and in 1927, $8.46. The
interest on debt in 1923 amounted to
$406,275 and OUTLAWS for permanent
improvements, to $3,573,364. The to-
tai payments, therefore for opera
ton and maintenance of general de-
partment, interest, and OUTLAWS We're
$10,511,161. The totals include all
payments for the year, whether
made from current revenues or from
the proceeds of bond issues.
The total revenue receipts were
$l1,235,340, or 320.47 per capita.
This was $4,298,043 more than the
total payments of the year, exclus-
i've ofthe payments for permanent
improvements, and $724,679 more
than the total payments including
those for permanent improvements.
This excess of revenue receipts is re-
Elected in reduction of debt, and in
purchase of Investments, not shown
in this summary. Property and spe-
cial taxes represented 25.1 per cent
Of the total revenue for 1923, 1913
per cent for 1927, and 23.1 per cent
for 1917. The increase in the amount
Of property and special taxes collec-
ted was 75.l per cent from 1917 to
to 1927, and 9.8 per cent from 1927
to 1928. The per capita property and
special taxes were $5.14 in 1928,
7.3 per cent for 1927 and 81 per CEN
for 1917.
Business and nonbusiness licenses
constituted 29.7 per cent of the total
revenue for 1928, 25.9 per cent for
1927, and 28.7 per cent for 1917.
Receipts from business licenses
consist chiefly Of taxes exacted from
insurance and other Incorporated
companies and of sales tax on gaso-
inc, while those from nonbusiness
licenses comprise chiefly amounts
paid for hunting and fishing privil-
eyes. The sale tax on gasoline am
ounted to $1,762,614 in 1923 and Sc
1926 in 1927, an increase of 1867
per cent. This great increase in due
TO the fact that after March l, 1927,
the entire amount of sales tax on gas
oline was credited to the State for
use Of the Highway Commission; be-
fore that date a portion of such tax
W0o NICOLLC0 " CllC SOullLlCS. 1Ht IG-
derived from motor vehicle
licenses is credited to the counties.
INDEBTEDNESS
The total funded Of fixed debt out
standing June 80, 1923 was $685.
908.
The not Indebtedness funded of fix
ed debt less sinking fund a~ssets) was
1866, 1884, o $3.50 per capita. In
1927 the per capita net debt was
1886, and in 1917, $1.91.
ASSESSED VALUATIONS and TAX
LEVIES
The assessed valuation Of property
in Montana subject to ad valorem
taxtion was 1882, 544, 107; the amount
of State take levied was $1,935, 632;
ard the per capita levy, 1888. In
1927 the per capita levy was 1855,
and in 1917, $500.