St. Paul recorder. [volume] (St. Paul, Minn.) 1934-2000, 1951-02-16
A Sfufe Crossroads

principal Youngdahrs budget
message three:
l. Can economies be found which substantial
entirety 2s million dollar ap
preparations the bennium?
the estimates of revenuensght accurate?
Assuming that the Governor correct asking for $14357
900 of tax revenue some similar sum- good policy to load
the budren industries the
On the of economies certain basis of the
al
miees that with resolution substantial reduction
essential and wastefu state activities be effected For
ample. saving 100000 budget
appears
49, ,,n, s err oono,, h, ooan so,tn,, 80 -, t
past estimating strongly
that the figures again the conservative side Thus
years
dollars of the naonary trend and the for
high activity
careful look at the estimates should be taken by the
taxing and financing bodies of the Legislature
balancing
recommendation deficit of 357OOO This he proposes
with increase yield 1857 900 from and
from beer
o be
dues The Governor estimates that the will
$3.50 barrel and by increasing the iron occupation and royalty
IL to Is per
sofa win produce at the rate of rs million
This would be million than have
Minnesota the peak year was 1912 when 70 million tons were
While proposes per
OF revenue from iron VIII have to raised much more than that as
much $377oooo be gained for the
the IRON revenue must De SPt evenly between th revenue fuhd and
the trust funds To get the he budgeng the
counting overall of
OF nearly per
The public
to follow all
report the state department business research and development
warned:
rs the quarrytng puverzng, washing magnetic
taon jogging sinterns and asgomeratng of acone to be-
argescae permanent operation in Minnesota
II it not the next generation will note the SLOW but
withdrawal mining
application Labrador Venezuela
the place long held by high grade
generation a billion power production and
transportation forseeabe
The final decision to be made
people of Mnneso" who viii quite certainly be asked whether
they prefer nsence of the present from ad vaorem
and occupaona taxes whether they will
the larger gains
investment is not
early approach that decision a
Youngdahls approach budget
consideration the warning of his state
iron taxation The the being
carried even now by the iron industry and its Importance for the
financial welfare the appreciated
fact that the state getting these
than it from the income tax collected on all other corporations
the
proposed the state
maintaining surplus of about so million dollars IN the income tax
Education appropriations mainly aids.
ped and than quadruped the years
but they nave not Kept pace win the increase OF these earaed
funds The claims of education great
the continual earning of
dissipation Of money
the existence this leading pro-
its distribution school
ngs This would be highly unfair to districts which have their
problems their pockets
but point raised by proposals that
and look getting surplus.
Notwithstanding legitimate policy
surplus dealing
pur
needs be reconsdered carefully by the
longer the largest counties alone affected More
the state find that they
school
giving great Industries a possibly blow
evil all Minnesota
surplus
not prudent than damaging industry
actively looking getting rid of so million dollars
seriousmnded people certainly