The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-05
Outgoing Executive
Warns Against Hasty
Legislative Action
Summarizes Work Of His Administration in Last Four
Years; Says State Finances in Good
Condition; Deficits Avoided
ADEQUATE PROVISION MADE FOR BONDS
Safe Policy Of Operating Bank OF North Dakota Rec
ommended Says Extension Of Private
Credits Is Dangerous
MESSAGE

TO THE MEMBERS OF THE TWENTY THIRD LEGls-
LATIVE ASSEMBLY:
AS the last official of the outgoing administration
privilege to to y0S % AFFAIRS
during the four together with such recommends
uronr al p this ms deem expeden to conne my
recommendations legislation mainly to emergency
matters.
STATE FINANCES
FIRST shall discuss the financial affairs of the state
You will be interested to know that notwithsand
ing drastic reduction tax receipts during the past two
years the state has to conduc All Cd
both deficits in the and the necessity for making
loans for current operating expenses
December 81, 1882 the auditor that all
bills his office for the expenses had been paid
in full leaving balance in the general fund of $454936;
except about Of state aid to local schools The
in the general fund does not include tax
which estimated to be about s25ooooo which payments
will be reported to the state in the month Of January
anticipated there have been sharp reductions in
receipts received BY the state treasury during
of 1882 less than those of the last quarter
about $500 100000 the of Tax
BY the state from the levy
Tax receipts received by the state treasury from the 1881
levy payable in 1897 252 per cent below =, normal
treasury from the evies Of 1929 1880 and 1881 payable in
normal Of which amount more than is due the
general fund.- To state another tax receipts during
remained the there would be the treasury
the Of in Of the balances Of
which sl1s5,ooooo would be in the general fund 1t
is therefore apparent that the state has carried its
ssoe; gr% 1T past on cash basis with
general fund Of the which in normal times would have
has also s
derived from special taxes accrung to the fund.- in
poration taxes ct cetera These miscellaneous
dropped from the sum Of for the year ending
possible avoid heavy deficits in the treasury with
Of the following facts FIRST because Of the
in previous years since 1925 Of substantial surplus in the
kept its expenditures only within the budget
allowance but within available and third be-
reduction maintenance expenses Of the
state penal charitable and educational institutions Of ap
annually by the board
from the general fund in 1882 com
s sp e ns in
the general fund eeng part OF the sum Of
was turned into the general fund.-
It has, Of course been comparatively easy matter to
along cash basis the business of
partments, the highway department.
game and fish department and Others which operate on
special because such special Incomes not being de-
amounts and accordingly it has not been SO difficult to
estimate probable available from those
keep current expenditures within such estimates The
officials in charge Of those departments
have however, scupulouy guarded budgets
carefully avoided mourning expenses creating obligations
in excess Of their diminishing incomes.
The greatest financial problem confronting the incoming
administration will be that of carrying the usual unc
tons of the during the year without SUBJ
.e~ne y d S
Of taxes which are now outstanding and the prospects
OF an in the ratio of for the
or temporary loans will likely necessary to meet state
March 1st the first delinquency taxes
there will heavy payment Of the 1882 levy which
The from this should enable the
poets for next known provided the legislature
rerans from making any emergency appropriations payable
prior to July LIST.
Prior to 1925 the state institutions frequently borrowed
monthly payros during low tax payment periods Of the
The necessity for such ya oan. WAS not due
that Ct that time there not adequate surplus in the
state treasury to the payros Of these institutions
though the lsss sufficient to meet the sp-
when sSsh tax ms ss " paid BY the
only BE- overcome 5y S. ~. surplus
ss sse tx
Peng Had been for the Of those Of
svs been seriously many months ago. When
tx Haymsnts aeain become normal large part Of this
De available IN the facilitate
the operation Of the government cash basis provided
q do not in the meantime, increase the liabilities
Of the treasury over available revenues.
L IL matter Of genuine satisfaction to the retiring Of
lcas to Be able to renquh the affairs Of the gov
to their in times, such these free
Of large deficits large borrowings treasury require
msnt unbalanced budgets that trinity Of complications
which has not only greatly dsorganized the financial affairs
Of the federal government during the past years.
has ds.rransed the finances and impaired the credit
don may be continued long it is humanity possible
maintain il