The fiscal problem in Missouri

Bibliographic data

Monograph

Identifikator:: 1833271335

URN:: urn:nbn:de:zbw-retromon-230042

Document type:: Monograph

Title:: The fiscal problem in Missouri

Place of publication:: New York

Publisher:: National Industrial Conference Board, Inc.

Year of publication:: 1930

Scope:: xvi, 359 S.

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. Public school finance

Collection:: Economics Books

234 THE FISCAL PROBLEM IN MISSOURI In addition to the interest on the certificates of indebtedness in the public school fund, one third of the receipts into the general revenue fund are credited to this fund each year, the only exception being certain minor receipts. A small part of this fund is used to meet back payments and claims. Ap- proximately 409, to 509, of the total is distributed for various special projects, and the remainder is apportioned among the several school districts in the form of teachers’ quotas and pupil grants. The third state school fund is officially known as the county foreign insurance tax fund. To this fund is credited one half of the proceeds of the state tax of 2%, on the gross premiums collected in the state or on account of business done in the state by insurance companies not or- ganized under the laws of the state. While the three funds account for the greater part of the money that the state distributes for school purposes, certain appropriations from the general revenue fund are made to pay salaries and expenses of the state department of public schools and to finance other projects. These appropriations are in addition to one third of the receipts of the general revenue fund that are credited to the state school moneys fund. The additional appropriations for special projects are not made in certain years because of a shortage of funds, and in such cases the procedure is to charge the appropriations to the state school moneys fund. Functional Classification of State School Grants and Bases of Apportionment On the basis of functions, the various state school grants may be classified into five groups; (1) administration, (2) stimulation, (3) compensation, (4) equalization, (5) general relief. Under administration grants may be included the salary and expense appropriations for the state department of public schools, including public school inspectors. These appropriations are what might be called flat appropriations, that is, the legislature specifically appropriates certain amounts for the purposes indicated. The other form of grant that may be classified under administration is the appropria- tion of $400 to each county by the state to cover the state’s portion of the salary of the county superintendent. 1R. S. 1919, Section 11352.

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