The fiscal problem in Missouri

Bibliographic data

Multivolume work

Identifikator:: 1892063557

Document type:: Multivolume work

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Deutsche Geschichte

Place of publication:: Berlin

Publisher:: Gaertner

Year of publication:: 1891-

Collection:: Economics Books

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Volume

Identifikator:: 189207334X

URN:: urn:nbn:de:zbw-retromon-234945

Document type:: Volume

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Anhang. Bibliographie. Register

Volume count:: Bd. 12 = Schlußbd.

Place of publication:: Berlin

Publisher:: Weidmann

Year of publication:: 1909

Scope:: VIII, 439 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Multivolume work

Structure type:: Chapter

Title:: Bibliographie

Collection:: Economics Books

302 THE FISCAL PROBLEM IN MISSOURI State Board of Health and educational institutions recom- mended by the State Survey Commission will be granted. It is generally recognized that the full state support of eleemosynary institutions is desirable. The proper care of the persons confined in such institutions is expensive, and the charge now made to the counties may have certain unde- sirable results, since under the present system patients may be kept in local institutions that do not have the proper facilities for their care. The state might consider the gradual elimination of the charge now made to the counties, but the revenue difficulties that are considered later seem to make it desirable to defer such a program for at least several years. The chief problem that concerns the state at the present time is how to obtain a minimum of additional revenue during the period when its tax system is undergoing several vital adjust- ments. The attempt to raise a large amount of additional revenue during such a period might increase greatly the dif- ficulties of effecting the changes. If it should be decided to limit the capital outlays to be financed by a bond issue to $23 million,! and that amount of bonds bearing a coupon rate of 425%, were issued so that the annual payments for debt service would be uniform throughout a period of twenty years, the annual requirement for debt service would be approximately $1,768,150. On the other hand, if the maximum were forty years, the annual require- ment for debt service would be slightly more than $1.25 million. A total estimate of $3,829,900° for increased ex- penditures in the first year can be obtained by assuming that the twenty-year bond issue plan is feasible and that the bond financing at the outset can be limited to $23 million, and by including the following expenditures: $600,000 for state aid to public schools on the basis indicated, $944,400%for educa- tional institutions, $417,350° for the State Board of Health, and $100.000 for the State Tax Commission. v _ 1The State Survey Commission recommended expenditures for capital outlays and extraordinary repairs amounting to $22,740,600 for the first two biennial periods. 2 If $40 million of bonds should be issued, the annual requirement would be $3,075,046. 3 If $40 million of bonds should be issued, this figure would become $5,136,796. One half of the State Survey Commission figure for the first biennium. 5 One half of the State Survey Commission figure for the first biennium.

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