The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1933-01-05
ELIMINATION OF PENALTY AND REDUCTION
OF INTEREST ON DELINQUENT TAXES

While on the subject Of tax payments desire to
fst Ssr the of an E prGvns
5 taxes the tax debtor BE- the s Of Re-
sst the
est reduced to per cent similar measure was passed
and encouraged them make special effort pay
up their back taxes Present conditions in the state amply
and financial conditions in the state improve only slightly
within the next there will be hundreds Of redemp
would also advise bera.ng the law providing the
tax deeds relief aid those taxpayers who
have suffered the loss of their property for
claim such property
REPORT OF BUDGET BOARD
The report Of the state budget board containing is
PERIOD has been prepared and ready be submitted
you. It the duty of this board formulate
two years beginning July 1st in other words to present
balanced budget and this will note the budget board
has done.
In its task the budget
liar board in this state namely reduction in the assessed
and the stat. ss
sufficient TO carry on the functions 81 the
available property taxes under such
reduced valuations The valuation of real and per-
1890 sbne II: 1sdu
ons the valuations of real and property
change in the valuation basis from Is SO per cent
provided in the initiated adopted at the last p
tax brought down to the of 00000
Thus you will observe that the maximum available
for the state treasury under the four mill levy auho
from about $4oOoOOoOO per in 1880 to slightly
$2,OOO,OOOOO per annum in 1882
situation well the financial condition Of the people, the
budget board has prepared budget calling for total
s2so4 23s less than the budget passed by
in hudU NJ Ia
vehicle registration department. highway department. work
partment which departments receives any monies
from the fund The budget presented which totals
fund less than the total estimated rev.
enues which will to the general fund from property
In bring about such drastic reduction in the
budget the board has eliminated all requests for
buildings and improvements at the several
for e:
pad the fund.- and it also eliminated the item
elimination made, not matter of choice, but as
matter of necessity Present available the next
of the state provide state did
to local schools on the basis heretofore given Should the
it will be for it to provide of
to meet the appropriation.
In Judgment the functions Of the state gov
and educational institutions be carried efficiently
this without any in the
OF revenue believe that the condition Of the times
the necessities people demand that no new tax bur
dens be created at this time.
STATE BONDED INDEBTEDNESS
May now give you summary of the situation in respect
to the bonded indebtedness and the con-
dtion of the sinking funds provided for their retirement
On January 1885, the bonded indebtedness Of the State
OF North Dakota was as follows:
B:nk Of North Dakota Capitol Bond. looo4oooo
NH and Elevator Construction Bonds SO00O000O
Mill and Elevator Milling Bonds 76OOOOOO
(for operating capitaD
Total $43 0ss 10000
The Of these bond issues indicated by the
titles OF each series described There outstanding
bonds against the state for strictly pu
pose.
BANK OF NORTH DAKOTA BONDS
On July 1s1s the issued 10000 of unsecured
bonds bearing interest at the rate Of provide
the capital for the Bank Of North Dakota which was or
matured July 1929 after issuance were
paid when due entirely by taxation The second nsament
CT 10000 Of such bonds will mature July 1884,
There is now in the bank bond sinking fund in the hands
OF the state treasurer the of 000O000O the full
Of this has provided from taxation and $780,
ooO has been paid to the treasurer by the Bank
OF North Dakota from earnings The annual interest
this instament of bank bonds amounting to
been paid by the Bank of North Dakota earnings since
1929 Prior to that date the annual interest
ton It will therefore, appear that full provision has been
made for the retirement Of all outstanding Of North
Dakota capital bonds
MILL AND ELEVATOR BONDS
In 1928 there outstanding the amount Of
in bonds for the construction and operation
Mill and Elevator consisting of of bonds bear
ing interest at rates from 5 to per issued
structon and 81 10000 in bonds bearing inter-
est at 5% per cent issued for operating capital.