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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XII. Other aspects of the Missouri fiscal problem

Collection:: Economics Books

324 THE FISCAL PROBLEM IN MISSOURI The same principle is applicable to the numerous state boards, commissions, and bureaus commonly found. Cen- tralization in the administration of state affairs is unques- tionably more efficient and more economical than a highly decentralized system that provides for a new board or com- mission whenever a new function is added, regardless of its importance. Excessive decentralization results in adminis- trative costs that are out of proportion to the work involved. Overlapping jurisdictions are another cause of high ad- ministrative costs. For a number of years the State Tax Commission in Missouri has been equalizing property valua- tions, but ‘this is also the function of the State Board of Equalization, which equalizes that which has already been equalized. It is true that the proper central administration of a tax system is expensive, but the example cited raises the question whether Missouri might not have made more efficient use of the funds expended, if the overlapping juris- dictions had never been permitted to exist. CenTtraL ConTROL OF Local EXPENDITURES Although limitations of local indebtedness and tax rates have long been assumed to be the prerogative of states, the central control of local expenditures is a comparatively recent development. It is recognized that any form of control, to be effective, must include expenditures, and various states have enacted laws designed to subject local expenditures to a degree of control by the State Tax Commission or some other central agency. Indiana has developed a system of control that provides for local publicity of assessed valuations, proposed expendi- tures, and tax rates and for appeals to the State Board of Tax Commissioners. The law provides that, after formulation and publication of a budget on forms prescribed by the State Board of Accounts, showing in detail the money proposed to be expended during the succeeding year, the valuation of all taxable property within the jurisdiction, and the pro- posed rate of taxation, the proper officers of the municipal corporation’ shall establish the several tax levies and rates. ; i County, township, city, incorporated town, school corporation, or other taxing 0aY.

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