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 XIII. General summary

Collection:: Economics Books

358 THE FISCAL PROBLEM IN MISSOURI in the Missouri school reports. The amount deducted was ob- tained by multiplying the school indebtedness reported in the 1928 Report of the Public Schools of the State of Missouri by an as- sumed interest rate of 4.3%. Certain duplications in expenditures for education and debt redemption could not be eliminated. The reason for regarding the amount of $19 million, shown on page 33, as a minimum is found in the fact that certain payments for debt redemption and education, as explained above, could not be eliminated from the total for functions other than the five to which the estimate of $19 million to $22 million applies. Likewise, the elimination of the interest duplication was only approximate. It has no doubt been noted that Joplin has not been included in the expenditure and other tabulations for cities over 30,000 in this study. Although this city now has a population in excess of 30,000 and was included in the United States Bureau of the Census tabu- lations for cities over 30,000 a number of years ago, in recent years data for this city have not been compiled, since the Census popu- lation estimates did not indicate the requisite population. The estimate of local net bonded debt for 1928, presented in Chapter II, was obtained as follows: The figure for the net debt of all local governments was obtained from Public Debt, 1922, a publication of the United States Bureau of the Census, and from this figure there was deducted a small amount of floating debt reported for the large cities in the Financial Statistics of Cities series. Bonds issued during the period 1923 through 1928 and re- tirements for the same period were obtained from tabulations in the State and Municipal Compendium, a publication of the Com- mercial and Financial Chronicle. The retirements were then de- ducted from new issues, and the remainder, after allowing for such sinking fund changes as could be ascertained, was added to the 1922 figure. Tables 50 and 52 in Chapter VI may not be readily understand- able to one not familiar with statistical procedure. Each of these tables consists of a frequency distribution and a cumulative fre- quency distribution. A comparison of the first and sixth columns and also of the fifth and tenth columns should indicate clearly the difference between the two forms of distribution. The discussion of capital requirements in Chapter IX is based very largely upon the estimates prepared by the State Survey Commission. Although $40 million is used as a basis for discussion in the latter part of this chapter, it is not claimed that this amount represents an accumulated deficiency. Although it is generally admitted that there is a deficiency, the exact amount of the de-

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