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 Maintenance
 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 Indebtedness
 ce. x « pa
Amendments Authorizing Additional State Indebtedness
 i ox a oe,
Constitutional Limitations of Local Indebtedness .
Statutory Provisions Concerning State and Local
Indebtedness . . . . . . . .
Bonds Issued by Missouri State and Local Governments
 . . . .
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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