Milford chronicle., 1958-10-24
The State s Financial Condition!
What are the Facts ?
A Message to the People Of DelaUare:

override she Governors veto so did muke The OF
Tempt So the of the retroactive feature of The
fax bill must rest upon the Republicans.
AS result, we feel that the people have been
iaxed more than necessary. The Governors veto
placed too heavy burden upon Them
ENDED YEAR WITH CREDIT BALANCE
Reports show that the state ended its fiscal yeur
with credit balance ruther than the huge deficit
predicted The Governor has reported that revenues
coming in since Mureh Is have enobIed him 10 pay
off all fhe funds borrowed from the bunks eurlier in
the year. The Sfute Auditor has reported greufer
receipts than in any year in history, although The
papers still crying wolf, and predicting Short
uges.
LEAGUE PREDICTS CREDIT BALANCE. !,
The Non-Purisun League in ifs letter showed the
income received during the post years and estimoied
receipts for the fseaI year ending June 80, 1859.
II showed thaf during the year 1858 The In
herfunee tax produced only 81 900, fhe lowest
in ten years
1t estimates fhof his will produce only 81 ooo-
600 in 1852 the average the post yeurs he's
been $2,955.ooo.
1t esfimafes thof the motor fuel tax will bring in
about $500 ooo Records month by month over This
year indicate that the fax will bring in around $1o
ooo,o ,o0o
estimates that total receipts for the yeur will be
Ground 1885, and predicts credit buIunee of
$67l o53 The fuef is that every index shows receipts
breaking all records, and indicate credit baIunee of
several million doiors
GOVERNORS FIGURES WERE WRONG
On MoY 81, Governor Boggs advised the Leqis-
uure that the stase faced deficit of So 1886 $50 of
the years end. Six weeks ofer the auditor reported
that instead of deficit, there credit baIunee of
$2os, The Governor odvised that the deficit for
1859 would be $Io,22a, ,63s, but the Non-Porfsun
Committee for Good Government udmits, utru-eon-
servufivey, that fhe Sufe will have credit bolunce
of $67I,o53
Why doesn't Governor Boggs report the socts?
Why, If fhe states fnoneiuI condition is so desperate
doesn't ne fell how much the is reeevina everv
month from such as fhe income fux, the cor
Porofion fox pori-mUtUe receipts automobile Iieen
ses, fines, and receipts from other sources
How much of income tax is outstondiro-,r
Puo for years. as the fax commissioner reported only
q rev weeks ago. How much is being poid in insto-
menfs9 How much is due TO be paid over the rest of
the yeur?
His refusal TO publish these figures, athouah urqed
10 40 50 on numerous occasions, leads many 70 be-
ieye thof the Republicans have sometFinq TO hide
Do they fear that fhe predictions of huge deficits
he threats OF impending destruction of the Sfufes
credit sfcnding, were made without foundation and
'uS'S Wa' SHOW fhot me STuTemenfS were mace
solely TO diseredit the Democratic Pay? Do they fear
TO odmf fhuf the Democrats were rsh. when they
peeled the retroactive fox?
DEMOCRATS NEEDED IN THE
LEGISLATURE
II seems obvious, under the circumstances, that
the electorate of this sfofe unless they wont suIes
fax and increase in the gasoline tax vote 10
return majority of Demoerufs the Stute Legislature.
fe Committee