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

LATIvE ASSEMBLY:
AS the last official of the outgoing administration,
i my privilege to present to you message containing
during the past four together with such
ons appeal to my as being IS
recommendations to legislation mainly to emergency
matters
STATE FINANCES
First shall financial affairs of the gov
ing the drastic reduction receipts during the
the state has continued to conduct all of
both deficits in the treasury and the necessity for making
loans for current operating expenses.
On December 81 1882 the auditor reports that all
in full leaving balance in the general fund of s14.54ss
and that all distributions Of state funds have been made
balance in the general fund does include payments
made to county during the month Of December
will be reported to the state in the month Of January
As anticipated there have been sharp
property collections during the years The
receipts received by the treasury during the last quarter
Of 1892 seooo less than those Of the last quarter
Of 1881 less than the last quarter Of 1890 and
receipts received by the state treasury from the 1850 levy
payable and 1882 per cent below normal
levy, payable in 1882 were 2525 per cent below normal
The aggregate of all tax receipts received by the state
1880. 1891 and 1882 respectively 90 below
normal Of which amount more than ss5ooooo is due the
general fund To state it another way tax receipts during
the past three had been normal and expenditures had
e sum wea ne state
which sum $11s5,OooOO would be in the general fund 1t
is therefore apparent that the state has carried its
eratons during the past cash basis with
than ST. 100000 of property outstanding due the
been collected In addition to the reduction in
erty tax receipts there has also been falling off of
Guiding income taxes cigarette taxes inheritance taxes
poration taxes ct cetera These miscellaneous
to ssocoo in the Year ear ending june So
Under these extraordinary conditions it has only
resultant borrowings to meet state expenditures because
OF the following facts First because Of the accumulation
fund of the stat second because the state has
kept its current expenditures only within the budget
reduction in current maintenance expenses Of the
state penal and educational institutions Of
sf .dminsrstio1 July 1882 Tie total expenditures
1.S% With fund in 1882
the appropriation for Capitol building purposes included in
the general fund beng part of the Of s4soooooo
was turned into the general fund.-.
II has, Of course, been comparatively easy matter to
carry along cash basis the business of those
game and fish department and Others which operate on
special Incomes because such special incomes being
amounts. and accordingly has so difficult to
estimate probable available from those Sources
Officials in charge of those departments whose
operating revenue not derived from the general fund
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
tons OF the during the year without sub
sanal deficit resulting in the treasury and without
rowing for current in view of the large
Of taxes which outstanding and the poor prospects
Of an in the ratio of tax
several months Either overdraft in the general
payros during the months Of January and February but
March 1st the first delinquency on the 1882 taxes
VIII occur heavy payment Of the 1882 levy which
revenues from this should enable the
poets for known provided the legislature
from making appropriations payable
prior to July LIST.
Prior to 1925 the state institutions frequently borrowed
monthly payrols during low payment periods Of the
and repaid such loans tax receipts
The necessity for such loans was not due
any way to adverse economic conditions to the fact
:. tnas time there was not adequate surplus in the
carry the payros Of these institutions
though the tax es sufficient to meet the sp
er This unsatisfactory method Of doing business could
only be overcome BY accumuatng surplus
paying Had been for the vision Of those Of
have been seriously embarrassed many months aeo When
az payments again become normal large part of this
viii again be available in the treasury to facilitate
10 operation OF the government cash provided
course, do not in the meantime increase the abie,
u the treasury over available revenues
matter Of genuine satisfaction to the retiring Of
cas to be able to renquish the affairs the gov
rnnent to their successors in times these free
large deficits large borrowings to meet treasury REQUIRE
Or unbalanced budgets that trinity Of complications
mas not only greatly dsorganzed the financial
the federal government during the past years but
e ds;anesd the finances and impaired the credit
1ston may be continued long it is huary possible 10
maintain it