10 THE FISCAL PROBLEM IN MISSOURI 
are attributable primarily to varying capital expenditures 
for highway construction. The importance of highway ex- 
penditures in the fiscal program of the state is shown in 
Chart 1. 
Cuart 1: EXPENDITURES OF THE STATE OF MISSOURI, 
1923-1928 
MILLIONS 
OF DOLLARS 
5 
7 
| 
Smal 
a 
A 
. 
3 
ee 
Par 
3 
54 
DEBT 
—REDEMPTION— 
a Ti 
I 
INTEREST —— = 
. TEE 27 
mE 
1€z4 1223 19<0o 1927 1928 
Education ranks second on the basis of percentage of total 
state expenditures. During the period 1923 through 1928 
state expenditures for education amounted to $59.8 million, 
or 22.6%, of net state expenditures and more than 20%, of 
the gross total. Of the years for which data are presented 
in Table 2, educational expenditures were the largest in 
1926, amounting to $10.7 million. The variation in the 
amounts annually expended for education from 1923 through 
1928 was relatively small, and such expenditures were on 
a much lower level in 1913 and 1918. Unlike highway ex- 
penditures, disbursements for educational purposes were 
predominantly for maintenance. In only one year, 1923, did 
capital outlay for this purpose exceed $1 million. Educa-