Full text: The fiscal problem in Missouri

FINANCING THE CAPITAL REQUIREMENTS 265 
$500,000 for an administrative office building. This expendi- 
ture appears justifiable, as the present state capitol cannot 
house all the boards, bureaus, and commissions of the state 
government, and the arrangement under which several 
departments are housed in rented quarters is inconvenient 
and expensive. A new governor’s mansion at Jefferson City 
also seems necessary. The one now in use was built in 1872, 
and engineers have given warning that the building is not 
safe for the holding of receptions and other large public 
gatherings. The expenditure of $150,000 for this purpose 
was recommended by the Commission. 
For the purpose of this discussion, the expenditures for 
capital purposes recommended by the State Survey Com- 
mission are accepted. Before discussing the problems of 
capital financing more fully it is desirable to consider briefly 
the expenditures of the state for capital purposes in recent 
years, with particular reference to the question whether the 
present capital needs of the state are in the nature of an 
accumulated deficiency or whether they are such as can 
conveniently be spread over a considerable period of time. 
AnaLysis oF Capital ExPENDITURES IN RECENT YEARS 
In order that the nature of the problem may be fully 
anderstood, Table 83 is presented. This table shows that 
-xpenditures for highways in recent years have predominated 
in the outlays of the state for capital purposes. In 1928 
the total capital expenditures of the state government 
amounted to slightly more than $14.3 million, of which 
almost $14.1 million were for highways. Capital expendi- 
tures for all other purposes amounted to only $250,708, or 
$0.07 per capita, as compared with per capita expenditures 
of $3.92 for highways. In other words, for every dollar 
2xpended for capital additions or improvements to buildings 
used for educational, penal, eleemosynary, general govern- 
ment, and other purposes, the state expended approximately 
$56.00 on account of capital outlays for highways. 
In 1927 the capital expenditures of the state for other 
than highway purposes amounted to slightly more than $1 
million, the per capita expenditure being $0.28. The capital
	        
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