The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1934-09-18
IA MILL SLASH
MADE BY BOARD IN
FIXING new FIGURE
$2,175,60 to Be Derived
For All State Purposes;
Over Million Less
VAL UATIoN $1,000, 27s,21o
General Fund for Fiscal Year
Put at $1,35o,375; Was
$1,520,743 in 1893

A tax levy of 4.35 mills-2.44 mills
less than last years levy-was fixed
Tuesday by the state board of equali-
cation to derive funds for operation
OF the state government and its in
stitutions.
This years levy was fixed to de-
rive $2,175 ,60870 for all purposes. COM
pared with last years total Of $3,518,-
689.70.
The levy will be made on an assess
ed valuation Of $1,O00,2 78,210 for all
property in the state, with the tax
base SO per cent of the total or $780,
139, los.
Last year the total assessed valua-
ton was fixed at $l,o3s, 201. 437.
General Levy 81 Mills
For the general fund a levy Of 81
mills was set to derive 81 ,350,375 for
the fiscal year. This was reduction
OF the 2.95 mill levy voted last year to
derive $l,528,743.
The levy for the mill and elevator
construction bond fund was .42-mill,
to derive $2l0,057. compared with s.
mill last year for $259, 108.
For the milling bond fund the levy
was .l3-mill to obtain 65.018, compar-
ed with .3-mill last year to derive
SIS, 464.
The real estate bond interest fund
levy was fixed at .8-mill to derive
$40O, 118, huge reduction of the 224
mills levies last year for 81, l60, 8O2.
| Fixed by legislative act, levies OF
.1-mill for $50,013 for the old age pen
sion and .2-mill for $1OO,O27 for the
capitol building fund were set. The
mill levy is the same as last year, when
$5l 1921 for the old age fund and $l03,-
643 for the capitol building were
sought.
Last year the legislature provided
that .5-mill levy be set to derive
$259. lO8 for deficit in the real estate
bond fund. No such levy was made
this year
Statement Shows Condition
General fund financial statement
showed condition Of the fund and ex-
pected collections to be:
Labilities-Unused balances, 1881
80, appropriation, SALE, 36794; unused
balances. l933-35 appropriation, 81
709, 036.24; estimated 1885 legislative
appropriation payments required be-
fore 1885 levy available-three quar-
tiers Of one year at $2,250,O00 per year
81 ,687, 500; total liabilities. $4.8l2,-
9O42l.
Observation-Disclosures July l. 1884,
486,221.31: back taxes, estimated
collections. $l,628.834.1O; special tax
es, from July l. 1884 to July !, 1885.
total Of 81, 100000; utility taxes, 1888
and 1894, a total of $4,000. Total re-
sources, $3,465, 055.4l. Necessary total
levy to balance, $1,347, $780,
! Tax collections last year were great
er than the year before. J. ]. Weeks.
tax commissioner, pointed out. He laid
the additional collections to federal
refinancing program in the state. Al
SO, Weeks said, it is expected that
collections from the beer and cigar
cite taxes will be greater this year be-
cause Of completed organization, and
better functioning of the departments
as result Of establishment.
All members of the board were
present Tuesday when the levy was
set, with Governor Ole H. Olson
chairman. presiding. Other members
are State Auditor Berta E. Baker.
State Treasurer Alfred Dale. Com
missioner Of Agriculture and Labor
John HUSKY, and Tax Commissioner
]. J. Weeks, ex-officio secretary.