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 IX. Financing the capital requirements of the State

Collection:: Economics Books

268 THE FISCAL PROBLEM IN MISSOURI present needs for a large building program.” It is difficult to see how the two statements can be reconciled, particularly in view of the information in regard to penal and eleemosy- nary institutions contained in the report of the Commission. It is believed that the several reports concerning penal and eleemosynary institutions are accurate. They reveal conditions of a kind that the state cannot afford to tolerate for any period of time. Reference to Table 82 indicates that more than 50% of the total recommended for capital outlays and extraordinary repairs is needed for penal and eleemosy- nary institutions. The exact amount as recommended is $20,687,000 out of a total of $39,615,000. It is not claimed that the entire amount of $20,687,000 represents an ac- cumulated deficiency in capital outlays for these institutions. The evidence presented by the State Survey Commission indicates, however, that the deficiency is unquestionably large, and it is difficult to see how the state could justify deferring any part of the necessary construction and repairs for any length of time. Missouri has recognized its highway needs and has provided and is continuing to provide a splendid system of highways for the use of its more fortunate citizens. It is, however, proposed to spread the financing of the needs of the less fortunate who are in state institutions over a period of years, on the ground that a pay-as-you- go policy is desirable as well as less expensive. For humani- tarian reasons 1t would seem that the state should endeavor to provide immediately for those needs which are in the nature of an accumulated deficiency, and to accomplish such a result without resort to borrowing would scarcely be possible. Although it is extremely difficult to forecast the needs for penal and eleemosynary institutions for a number of years, there is no doubt that the state will have to provide for financing such needs beyond those which represent an accumulated deficiency at the present time. To endeavor to provide for the additional needs that may develop as well as for the accumulated deficiency out of current revenue would present a most difficult problem. If such a policy were attempted, it seems more than likely that another 1 Report of the State Survey Commission, 1929, p. 168.

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