The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-04-12
NO CUT IN N. C.|
SCHOOL TAXES
ANTICIPAT ED
Waynick Says He Realizes
View He Takes Is Un-
popular One
Bv ]. c. BASKERVILL
The Times News Bursnu
Sir Walter Hotel

By ]. c. Baskerville
The Times News Ifursnu
Sir Walter Hotel
RALEIGH, April 12.-No ma
terial reduction in the states tax
load for the support of the pub
lie schools and other essential
state activities is regarded as
likely by the 1888 general as
sembly, in the opinion OF Capus
NJ. Waynick, state director OF the
national unemployment service,
and who represented Gulil oao
county in the senate of the 1902
general assembly and who Is
again a candidate for the s1ate
senate from Guilford. He does zoe
believe. however, that the 1850
general assembly should work Out
q better distribution of the
states tax load and that 1t can
and should do this. The only
place where Waynick sees any
possibility of any tax reduction
IS in the amount of the automo-
bila license tag tax and he is in
favor of a downward revision OF
the cost of this tax, but not to
the point where the maintenance
ofthehighways will be endanger-
ed.
81 know that I am taking an
unpopular view of the states fl
nancial situation and Of the tax
alton outlook when say that the
chances are not at all bright for
anything more than redistribu-
ton of the states tax load by the
1885 general assembly" Waynick
said. "But I am speaking from
the experience gained in both
the 1881 and 1893 general as
semblies and from a study OF
present facts.
"These present facts show that
so far this year not a single tax
levied by the 1888 general as
sembly for the general fund,
from which all state operating
expenses with the exception of
the highway and prison divisions
are paid. is yielding the amount
which the 1888 genral assembly
estimated it would. 1t was esti-
mated year ago that the pres
ent revenue act would yield in
revenue this year total of
S25, 1S5,325. But so far this
year, through April 5, the total
yield for the gneral fund from
all state tax sources was only
$18, 059,3O0 or $7,126,025 less
than the amount estimated by the
1888 general assembly. And
there are only three months left
in the present fiscal year in
which to make up this difference.
1t is extremely doubtful if more
than $4,O0O,000 or $5,000,00O at
the most can be collected from
all sources within the next three
months, so that the general fund
is likely to show a deficit at the
end of this fiscal year of from
100000 to $4,000.
"This means that unless tn
next fiscal year brings in much
more revenue than it seems will
will be obtained this fiscal year,
that the. 1885 general assembly is
going to have to hunt some new
tax sources rather than have a
chance to reduce present taxes,
with the exception of highway
fund taxes, or else further cur
tail state activities and reduce
appropriations for all purposes
including schools. below the
1888 level,
The total revenue from the
various state taxes imposed-all
of which are indirect taxes. since
the state no longer imposes any
taxes on property-through April
4, has totaled $18,059,300, COM
pared with the estimated revenue
of S25,185, 1925.
These figures show that in Or
der to equal the estimates, a to-
tai of $7,126,025 must be COL
lected between now and June 80,
the close of the present fiscal
year. All of the above collection
figures are for the first nine
months of the present fiscal year,
with the exception of those for
the sales tax. which represent
collections for eight months only.
since it did not go into effect
until July 1, Waynick pointed
ont MAKING On1v aioht oo1laot;o,
periods possible.
Current collections from the
gasoline and automobile license
taxes, however, already amount
to $17,480,738 or almost 81, 3OO,-
600 in excess of the appropria-
ton of $16,O93,O00 for all high
way purposes. it was pointed out
while indications are that collec-
tons from these taxes will ex-
coed the estimate at least ST.
900 by June 80.