Moratorien und andere Sonderregelungen des Zahlungsverkehrs im Auslande

The fiscal problem in Missouri

Bibliographic data

Monograph

Identifikator:: 882518925

URN:: urn:nbn:de:zbw-retromon-5489

Document type:: Monograph

Author:: Lochmüller, W.

Title:: Zur Entwicklung der Baumwollindustrie in Deutschland

Place of publication:: Jena

Publisher:: Verlag von Gustav Fischer

Year of publication:: 1906

Scope:: 1 Online-Ressource (VI, 127 Seiten)

Digitisation:: 2017

Collection:: Economics Books

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

STATE AND LOCAL EXPENDITURES 7 larger proportion of state funds than any other function in 1923 and later years, the expenditures for this purpose will be considered first. The state highway construction program did not get under way until late in 1922; capital expenditures for high- way purposes in that year amounted to only $3,038.1 Al- though the $60 million bond issue for highway construction was approved by the voters Nov. 2, 1920, the first bonds issued under the constitutional amendment bore the date Sept. 1, 1922, and very little new construction work was completed in that year. In the year 1923 capital expendi tures for highways amounted to $12.7 million, and expendi- tures for maintenance were $1.6 million. For the period 1923 to 1928.2 inclusive, capital expenditures for highways amounted to $113.3 million, and maintenance expenditures, to $12.1 million. The combined expenditures for highway construction and maintenance in the six-year period amounted to $125.4 million, or 47.3%, of the net expenditures and 42.5%, of the gross expenditures. State highway expenditures were larger in 1925 than in any year, the total for that year being $28.9 million, or 56.9%, of the net expenditures. Of the total, $26.2 million were classified as for capital purposes. After 1925 the amount expended for highways showed a decline, and in 1928 the total was only $15.1 million. As $75 million of additional state highway bonds were approved in 1928, it is probable that an upward trend in highway ex- penditures will be evident beginning with the year 1929. Examination of the highway data in Table 2 in relation to the net and gross totals leads to the conclusion that the variation in highway expenditures was the principal cause of the rather unusual differences in the annual net and gross totals. If the amounts shown under highways for the years 1923 to 1928 are deducted, it is found that the expenditures for all other purposes varied within narrow limits, and, since the expenditures for highway maintenance were relatively small. it is evident that the variations in state expenditures 1 United States Bureau of the Census, Financial Statistics of States, 1922. } ? According to the United States Bureau of Public Roads tabulations, capital expenditures in 1929 amounted to $20.5 million, and those for maintenance, to $4.7 million.

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