Evening star., 1952-08-01
Surplus Listed
AT Million
In Maryland
McKeIdin Pledges
Fund Conservation;
Tax Cut Possible
BY the Associated Press

Tax Cut Possible
BY the Associated Press
ANNAPOLIS, Aug. IA new
cut in State income taxes was
limited at today after a report that
the state treasury had a surplus
Of $15.5 million at the close of the
fiscal year.
Gov. McKeldin said the en-
phasis would be on keeping taxes
down and that he would present
"a few ideas before long" on the
possibility of an actual reduction.
Controller J. Millard Tawes re-
leased the surplus figures yester-
day as $15,481 ,041.10. which was
far more than had been antici-
pated by the States official esti-
matters.
Boone Backs Tax Cut.
Mr.. Tawes, however, had esti-
mated the balance over expenses
already committed for the cur
rent fiscal year would be under
$7.5 million.
Joining the Governor in talk of
another income tax cut was
House Majority Leader Boone,
Democrat, of Baltimore County.
Senator Goldstein, Democrat, of
Calvert, majority leader in the
Senate and chairman of its
Finance Committee, advocated a
special session of the Legislature
called by Gov. McKeldin to dis
tribute the bounty.
He suggested the State could
give its school teachers a salary
increase now and stabilize that
situation" or possibly eliminate
the real estate tax.
May Aid Road Fund.
Delegate Robinson, Democrat,
of Baltimore, a member of tho
House Ways and Means Com
mittee, saw the surplus as a
means of turning State police
expenses back to general funds.
This would free So million or more
for highway improvements.
Gov. McKeldin, very pleased"
with the surplus, added, however.
that it lis not going to be a sig-
nal to start any spending"
The State took in $1O0, 0,425,742.l7
during the fiscal year, including
"a surplus on July l, 1851, of
$12,731 ,966.21, actual general fund
revenues of $85,537,313.44 and
other income.
1t spent $84,944, ,70o.26 during
the year.
The figures are for the States
general fund only. They do not
include receipts and expenditures
for special funds such as gasoline
and titling taxes earmarked for
roads, student fees earmarked for
various educational institutions,
and others. Controller Tawes
estimated that the general fund
surplus at, the end of the current
fiscal year - June. 80, 1853 - will
be $7,490.7494
$102 Million Available.
The SIS million surplus and
net estimated revenues of $751;
432, ,889.50 will give the State
I$102,913,931.41 in available funds
during the current year, he said.
Iagainst net appropriations of $685.
423. 1890.
The most notable increase of
revenue over estimate occurred in
the retail sales and use taxes. The
State had hoped to realize $28 mil
lion from the sales tax. It
actually received $29,246,21716-
an increase of $1.246,217.16 or AS
per cent over estimated receipts.
On the other hand, State in
come taxes, estimated to produce
$28, $780, 900. actually yielded only
I$28, 8,297. .607, which was 1892 1893
less than estimates.
Rejecting change in Mary
landers' drinking habits, the State
tax on liquor totaled $4,550, ,375.94
of $299, ,624.06 from the estimated
$4,850, 900 from that source. Re-
sistance to higher taxes was be-
lieved to be factor.
On the other hand, the tax on
beer produced $1,745. .939.48. up
$120, ,939.48 from the estimate, and
the wine tax yielded $457 ,319, up
S,319 from estimated revenue
from that source.
The tax on horse racing pro-
.Iduced $3,058, ,834.96, an increase
Iof $645, ,104.96 over the estimate of
.l$2,4l3,73O.