Milford chronicle., 1936-08-28
Sl,4lQ,O27 TAX
GAIN IN STATE
DURING 1885
[COntinMed from F,r,f Pneel

ICO1fiTHed from First Psge]
cash surplus of $4,4O4. .2S6.O7. a de-
crease of $76S, 1888, at the end OF
the period.
Tax Revenues Increased
In his report on the general fund,
Mr.. Hazel showed tax revenues of
$1,S73,S45.O9, an increase of 1927
922.82, and total revenues of $780,
739.45, an increase of $59. 9.l47.26. To-
tai income for the fund, including
"non-revenue" items was $685.
298.97, a drop of 1886, ,436.17.
Total general fund expenditures,
including transfers of $274, ,2O8.56 to
other accounts. were $2,858 1861, a
decrease of $SSS 1868. The avail
able cash surplus at the end of the
period was S259, ,472.7O, a decrease of
S6,669.94 from the cash surplus at
the end of the last period.
The school fund had a total in
come Of $3.s75. .9616O, including
transfers. This was an increase of
$671 .417.27 Total expenditures, in
cluding transfers. were $3,9O4, ,O43.39,
an increase Of $151, ,395.O4. Transfers
from the school fund were $2,278,-
251.39. an increase of sac, 6,53298. The
available cash surplus of the fund
at the end of the period was $780,
OO487.
The highway fund had a total in
come of $3.145,S31.5S, including 49,
900 transferred from the general
fund. This was a decrease of $712,-
926.08 in total income.
Gas Tax Totals S1,742,49S
The largest item Of revenue in
the highway fund was $1,742,49 8.S3 |
from gasoline taxes, an increase of |
S525.7S6.24 over the year before. |
Federal aid, which was the largest |
item of revenue in the previous fis-
,al year, amounted to only $751; /
1888, a drop of 1884, ,959.73.
Total expenditures from the high
way fund were S3.257. .4O5.52, a de-
:rease Of $4S7. .275.O5.
The special accounts fund had a
.otal income of $4,O17 .6O2.66, a de-
.rease of $2.377, ,656.63. This income
included transfers of $2,27S,251.39
rom the school fund, and $266, ,7O8.56
rom the general fund. Total expen-
Iitures. including minor transfers.
we're $4.64O,115.S2, a decrease of 49,
46. .134.O4.
Available cash In this fund at thei
Of the period was 1885,
2O.6O. and at the end of the period
was $576,SO794.
Balance In Sinking Fund
The balance of the sinking fund {
asst July l was S65.5S3.42. Revenue !
Included $2.505 earnings on invest I
lents and $7S.42 interest on bank
epOsits. a
In the comparative income state d
lent for the general fund, only 1884
listed under inheritance taxes col s
.cted by the registrars of wills, Il
-hereas $143, 1854 was collected in
lS5. t
However, the net inheritance taxes
sted as collected by the State Tax h
apartment were 1856, ,00S.86, an in +
ease of S246, ,l0S79. Inheritance h
.xes on estates collected by the
tate TAX department were 9SOi- 1
i7.O9, an increase of $S0.O5713. Il
S61,45O,O36 Assets N
The total assets of the State at
e end of the fiscal year were $751; q
10, ,O36.3S, compared with $600OO,- =
6.76 at the end of the preceding d
zeal year. Improved highways ac- D
united for S22, ,632, ,1SO of the assets, ~
impaired with $2l,925,5OO the year u,
fore. D
The value Of the States land and -
ildings increased to $27. .676.625.4S y;
ainst S25,616.231.21 the year be- nj
re. Net total taxes receivable were
45, 5,524.07 compared with $2,O64,- Il,
9.92 the preceding fiscal year. c,
There were no current liabilities
either year. Capital liabilities in ar
? last fiscal year increased to m
300. 900 from $3.O12,0OO.
The current surplus was $6.8O7.- M
9 $50, compared with SO. ,474.69
3 year before, and the capital sur he
is was $51.342.516.7S compared F,
tn $47,S13,34207. N,