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

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XIII. General summary

Collection:: Economics Books

SOURCES AND METHODS 357 present as complete a picture of state expenditures as the data permit. Because of the greater relative importance of the public utility expenditures of city governments, the city expenditures for this function are excluded from the net total in Tables 10, 12, 13, 14, and 15. Expenditures of Iowa and Oklahoma for capital purposes for the period 1923-1928, as shown in Table 6, are slightly larger than the comparable totals in Table 3. The differences are attributable to certain payments for capital purposes included in table 6 which were offset by receipts from the public but which could not be de- ducted from the expenditures for the individual department with which they are identified because the actual outlays were smaller than the offsets. The estimate of total local governmental expenditures included in Chapter I was obtained as follows: To the expenditures of the four cities over 30,000 for purposes other than debt redemption there was added an estimated amount for other local governments for purposes other than debt redemption. This figure was ob- tained by adding the tax receipts of these governments, bonds issued, estimated receipts from miscellaneous sources, and state aid payments received. In order to obtain the gross total, to the total thus obtained there were added the payments for debt re- demption by all local governments, as reported by the Commercial and Financial Chronicle. In making an estimate of this kind, it is assumed that the cash balances of local governments other than those of the cities over 30,000 aggregated the same amount at the end of the year as at the beginning. It should be noted that of the total estimate of $163.6 million a great deal more than one half is accounted for by expenditures of cities over 30,000 for purposes other than debt redemption. Since the total estimate includes a known quantity of considerable size, it follows that the margin of error is not so large as it might first appear. The estimate of local interest payments was obtained as follows. The local net bonded debt, other than that attributable to the four large cities, was multiplied by a rate of 4.35%, and to the amount thus obtained there was added a small estimated amount on ac- count of interest on short term indebtedness other than that of the four cities and the total interest payments of the four cities, as shown in Table 10. In the analysis of local expenditures the amount of $2 million was deducted on account of duplication in school expenditures occasioned by the fact that interest payments are included under incidental expenditures in compiling the school data presented

Access restriction

Copyright

fullscreen: The fiscal problem in Missouri

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation