10 THE FISCAL PROBLEM IN MISSOURI

are attributable primarily to varying capital expenditures
for highway construction. The importance of highway expenditures
 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 expenditures,
 disbursements for educational purposes were
predominantly for maintenance. In only one year, 1923, did
capital outlay for this purpose exceed $1 million. Educa-