Evening star., 1952-08-01
Surplus; | Listed
At$15kiIIion
In maryland
McKeIdin Pledges
Fund Conservation;
Tax Cut Possible
Rx the Associated Press

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, 5,481 ,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 it's 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 the
House Ways and Means Com
mittee, saw the surplus as al
means of turning State police
expenses back to general funds.
This would free 50 million or more
for highway improvements.
Gov. McKeldin, Every pleased"
with the surplus, added, however.
that it ''is not going to be a sig
nal to start any spending"
The State took in $100, ,425, ,742 IT
during the fiscal year. including
a surplus on July /, 1851, of
$12,731 ,966.21, actual general fund
revenues of $85, 537,313.44 and
other income.
It spent $S4,s44.7o0.26 during
the year. -
The figures are for the States
general fund only. They do not
include receipts and expenditures
fof special funds such as gasoline
and titling taxes sarmarked 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, 1863 will
be .4so.74s.41.
S1O2 Million Available.
r..he SIS million surplus and
ne estimated revenues of $751;
4i2, 1856. so will give the State
$l02, ,913,93 in available funds
during the current year. he said,
sgainst net appropriations Of $685.
-423. 1920.
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 SAFES tax. It
actually received $29 ,246.217.16-
an increase of 81 ,246 ,217.16 or AS
per cent over estimated receipts.
On the other hand, State in
come taxes, estimated to produce
$28, $50 900. actually yielded only
$28,297 ,607, which was 1882 1893
less than estimates.
Ref1ecClng q cnange III MARY
Ianders' drinking habits, the State
tax on liquor totaled 81, $50, 1854,
off $299, ,624.06 from the estimated
$4,850, 900 from that source. Re-
sistance to higher taxes was be-
lieved to be a 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
$7,319 from estimated revenue
from that source.
The tax on horse racing pro-
duced $3,058, 1896, an increase
of seas, ,104.96 over the estimate of
$2,413,730.