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 XI. Sources of additional revenue

Collection:: Economics Books

SOURCES OF ADDITIONAL REVENUE 301 creased appropriations for current expenses of the State Board of Health and the penal and eleemosynary institu- tions. An important element in the estimate was that funds would be available which would make it possible for the state to assume the full support of the eleemosynary in- stitutions. Any estimate of expenditures five years in the future is of necessity conjectural, and no attempt will be made in this study to estimate the expenditures of Missouri for the several functions for a period of years. Any estimate that might be made for a period of more than two years would be of little value. Accordingly, the discussion that follows will, with a few exceptions, be confined to a biennial period. Also, a minimum estimate will be used, for the reason that the revenue system of the state is in need of certain basic changes, and, until such time as these changes are effected, it is prob- ably not desirable to augment expenditures to a greater extent than is absolutely necessary. It would seem that the additional current revenues which the state will need in each of the next few years can be limited to less than $4 million, exclusive of possible increase in motor vehicle taxation. For example, if capital outlays and extraordinary repairs are financed by means of a bond issue and if additional aid for public school purposes is con- fined to an appropriation for the purpose of stimulating the consolidation of one-room districts and for the support of such districts as cannot be brought under a consolidation program, the additional annual expenditures for capital outlays and public school purposes can be kept at a minimum. If it should be decided to finance capital outlays, including extraordinary repairs by means of a bond issue, the addi- tional expenditures out of current revenues would be for debt service rather than for the functions on account of which the outlays were made. In arriving at the minimum estimate that follows, it is assumed (1) that the state will finance its present capital requirements by means of a bond issue, (2) that the program of school finance previously out- lined is desirable, (3) that the question of full state support of eleemosynary institutions will not be considered for the next few years, and (4) that the increased appropriations for the

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