TABLE OF CONTENTS 
INTRODUCTION . 
Scope of the Study 
Cuarrer 
I. Strate AnD Local ExpENDITURES 
State Expenditures “ . 
Functional Distribution of State Expenditures 
Distribution of Net Expenditures between Main- 
tenance and Capital . |. | “a 
State Expenditures in Missouri Compared with Those 
in Other States . . | | : 
Expenditures of Missouri Local Governments 
Expenditures for School Purposes. 
Expenditures for Local Roads . 
Expenditures for Other Functions . 
Expenditures of Cities over 30,000 . 
Combined State and Local Expenditures 
Pace 
1 
¢ 
12 
13 
23 
nS 
9 
32 
33 
42, 
43 
«4 
17 
II. 
State AnD Local INDEBTEDNESS . ; 
History of Missouri State Indebtedness . . 
Constitutional Limitations of State and Local In- 
debtedness ce. x « pa 
Amendments Authorizing Additional State In- 
debtedness i ox a oe, 
Constitutional Limitations of Local Indebtedness . 
Statutory Provisions Concerning State and Local 
Indebtedness . . . . . . . . 
Bonds Issued by Missouri State and Local Govern- 
ments . . . . 
State Indebtedness . 
Net Bonded Debt of Missouri and Other States 
Floating and Current Debt of Missouri and Other 
States . . ‘ . . . 66 
Functional Distribution of the State Debt of Missouri 68 
Net Bonded Debt of Local Governments . . . 70 
Combined State and Local Net Bonded Debt . Lo 
Cost of Money to the State of Missouri . . 71 
Interest Rates on Local Bonds . . . . . 76 
Interest Payments by Missouri and Other States | 73 
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