The fiscal problem in Missouri

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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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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XI. Sources of additional revenue

Collection:: Economics Books

SOURCES OF ADDITIONAL REVENUE 303 The suggested amount of $600,000 for additional aid to public schools may be larger than would be necessary for the first year. If would seem that the most effective results could be obtained by following the plan outlined in Chapter VIII. According to this plan, each county superintendent would prepare a map of his county showing the possibilities of consolidation, and state aid funds would be available to such consolidated districts as would be formed with the ap- proval of the county superintendent and the state school authorities. The suggested plan would provide also for ad- ditional state aid to poor districts that could not be fitted into a consolidation program and the expenditures of which could not be reduced by redistricting. It is difficult to estimate what amount might be required, since it would take some time for the county superintendents to prepare a map showing the most logical consolidations that would be pos- sible. It would seem, however, that the state would need approximately the amount indicated in the first year in which increased revenue would be available. A careful investigation of the present bases of distributing state funds could also be made during that period, and doubtless in- creased amounts could later be made available to con- solidated districts by restricting or eliminating certain forms of state aid that appeared to be unnecessary or undesirable. ADJUSTMENTS IN THE REVENUE SYSTEM Possible changes in the administration of the several taxes that comprise the Missouri tax system have been discussed in a previous chapter. In this section, an attempt will be made to analyze a problem the several aspects of which seem almost irreconcilable. The problem involves principally the restrictions that the Federal Government has placed upon the taxation of national banks and the fact that it is desirable to obtain adequate taxes from banking institutions without discriminating against those chartered by the state. It has been pointed out previously that the attempt to assess intangible forms of property other than bank stock for the general property tax has not been successful, and that probably the most desirable change that can be made is the

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