The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-04
REPORT OF BUDGET BOARD


The report Of the budget board containing its
concentrations for appropriations for the ensuing biennial
has been prepared and ready to be submitted
get which within the estimated of the for
and on @ 5 other
has done.
In performing its task this year budget board was con-
fronted with condition that has before faced
1ar board in this state namely reduction in the
valuation of property for taxation purposes Of nearly 50
per years. and the necessity Of framing state
budget sufficient carry essential functions Of the
government and yet keep its totals within the drasaly
reduced valuations valuation real and per-
e wa 5Sf eSaton North Dakota
ing and tn.
provided in the initiated adopted the last pri
s raust to s of % s
Thus, will observe that the maximum available tax rev.
cation State Constitution has been reduced
from about in 1880 to slightly
S2,0ooO0O.O0 per annum in 1882.
Taking consideration these new factors in the
situation well the financial condition Of the people the
budget board has prepared budget calling total ap
ss the ess,ed b IN
the last legislative assembly There is also reduction Of
vehicle department highway Department ~oS
mems compensation bureau and state and fish de-
tine sum of to be appropriated from the general
und IS ABOUT $3OOOOOOO less than the total estimated
enues which will the general fund from property
taxes ana miscellaneous incomes during the biennial period
In order to bring about drastic reduction in the
state budget the board has eliminated for new
buildings and improvements the several state in
situations; it applied uniform per cent reduction in all
salaries and compensation for officers and emnovees
paid from the general fund.- also eliminated the item
Of 10000 for state aid schools This last named
elimination was made, not matter Of choice. but az
OF necessity Present available for the next
not sufficient to provide for the proper main
to local schools the basis given Should the
legislature restore the appropriation state aid to schools
1t Will be for it provide sources of
to meet the appropriation.
In Judgment the functions Of the state eov
ernmen including the maintenance of it's penal charitable
ana educational institutions, be carried on efficiently
curing TINS emergency without increase appro-
patons recommended by the budget board without the
necessity OF providing taxes new sources
of revenue believe that the condition of the times and
the necessities of the people demand that no new tar bur
dens be created at this time
STATE BONDED INDEBTEDNESS
May now give you summary the situation in respect
to the bonded indebtedness the and the
dion OF the sinking funds provided their retirement
On January 1885, the bonded indebtedness Of the Stat.
OF North Dakota was follows:
Bank Of North Dakota Capitol Bonds $ 1000 10000
NH and Elevator Construction Bonds .. 3OOOOOOOO
MIL 1nr o mlevaios mng Bonds 75ooooo
Real Estate Bonds for farm loan purposes 3s347sooo0
Aotal 81, 096 10000
The of these issues are indicated bv the
titles OF each series described There outstanding
bonds against the state for strictly nur
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