Milford chronicle., 1936-02-14
State School Fund
Suffers Because Of
Decline In Revenue
Continued Erem Page Ono)

source.
= Mr.. Smith points to the more en-
. cOuraging trend revealed in the fig
ures on corporations failing to fl,
annual reports. The law requires
the department to certify $25 tal
addition penalties against corpora
tiOns failing to file reports, and in
1885 the list carried 3,345 corpora.
tiOns, compared with 4,218 in 1884
THE important fact is the decline
in franchise tax assessments" Mr.
Smith says. He writes that further
evidence of the trend appears in the
figures for the annual reports filed
and fees collected.
Printing Costs Reduced
For many years the annual as
! sessment list has been published in
four printed volumes" Mr.. Smith
reports. This involved an annual
cost frequently in excess of $4,000.
In the past year by use of address,
ograph plates the assessment list
was certified ON April l at a total
cost of less than $500. which in
cluded extra clerical hire, station
cry and other expenses. Since the
printing of the 1884 list cost $1,000
the State has saved $4,000 by this
new method. This saving, of course,
will continue from year to year"
The Franchise Tax Department
cooperated with the State Tax De-
partment in the preparation of many
special studies and surveys needed
by the department i'm the study of
the franchise tax situation.
Motor Vehicle Department
Taking up the work of the Motor /
Department, Mr.. Smith re-
veals that in 1910, only 25 years ago,
the total number of automobiles Ii
censed in this State was 995, with
but $50 registered operators and
with n total of S9.399 col
ected. as compared with 56.487 mo-
or vehicles registered in the State
asst year, with 76,762 licensed Oper-
ltOrs and chauffeurs. producing a
'evenue of $955,127.O3.
Although 1885 was the peak year
or registrations and licensing Of
IperatOrs, the largest amount OF
evenue, $1,110,017.3O, was collected
n 1890. This difference in the reve-
lue was the result of two tax re-
uction measures sponsored by the
resent administration to ease the
urden on the motoring public.
With the reduction of the fee for
peratOrs' and chauffeurs' licenses
rom So to $50 this revenue source :
-as cut in half Part of this loss
as made up recently by a steady l
ain i'm the number of applicants,
,cording to Mr.. Smith. The year of
ghest revenue from this source =
as 1880, when the receipts were .
9O,356. Last year the total was . .
1913, the low figure having been y
[ in 1892, when il was S103,509. - -
Mr.. Smith remarks that the 1888 y
,neral Assembly changed the basis -. -
which fees for the registration OF g
ltOr vehicles were based, and in +,
"a, the first year in which they - -
re operative, revenue from regis ne
Ltions fell off sharply. much of p''i pI
loss was regaiued last year, how W. ",
,r. when better business condi- ~
ms brought increased sales of e., r
s." Mr.. Smith comments. 49,
The income from both these -
lrces for 1885 compares favOrably eI
h the total for the peak year, de- 60
te the reduction, Mr.. Smiths fig ."T
IS show. "There is no reason to ~
ieve that 1886 will make worse Cd
wing; ON the contrary, the prom an
of better business indicates that m
trend will be upward. vid
lr Smiths report, under the cap co,
I of Motor Vehicle Department MO
interspered with detailed statis- NO,
i figures. He also gives a lengthy in
cunt of the safety methods ID
pied and the benefits derived. ilv
License Plate Saving of
he innovation of smaller license Gre
es i'm this State has overcome
.ctions Of the former larger ones, 7
resulting in a substantial saw con
i'm original cost, freight and own
ling expense. The total amount for
,etter than $4,000. They took up Ma,
storage space, were much cas- 9th,
to handle ana the pubic reac- and
was favorable. II
her innovation, benefiting the outl
ic in general, also are listed nDd
coming physical hazards to en- beel
ees and eliminating the finan- trus
hazard 20 the State Of carrying the
: sums of money long distances. IN /
duplication of effort inevitable cor
7 the old system no longer ex- Gen,
her work of the Secretary of men
is listed in his duties on the Seal
d of Pardons, acting on bond ofic
as issuing officer, with the tbp
rnOr and Treasurer; preparing spOn
he indeXing and publishing of laws
935 Revised Code; publications ing
many other duties. GERS.
'entory taken on January l. their
showed furniture and equip lane,
credited to the executive, cor tbe
ion and motor vehicle depart IViee
amounting TO $31,7O6.S9. Com ior ,
Ons and licenses issued are Motto
together with many other in Corn,
ing figures. Dartr
report contains vast array pervi
ures IN a hnanclal appendix: State
let increase for 1885 over 1884 minis
departments was $S5,231.83. endoJ
AUTO Department Revenue when
enues for the automobile de- auard
ent follow: 1884, $846,592.15; biehv
1911, ,OSO.S0. The 1884 revenue real
} titling department was $685. reven
as compared with $44,046.73 AS
IS. Revenue of the Corpora he al
ho,.e - ,,a,.k &, 1904 rvo- e0eO \, =