Evening Republican, Volume 15, Number 173, Rensselaer, Jasper County, 24 July 1911 — Next Legislature Will Have to Increase Revenues of State. [ARTICLE]

Next Legislature Will Have to Increase Revenues of State.

To insure the payment of current expenses at the end of the fiscal year, September 20, the state board of finance has announced that it had taken $481,671.32 from the benevolent institution fund and $148,964.45 from the sinking fund and placed both amounts aggregating $630,635.77 fn the general fund of the state. Auditor of State W. H. O’Brien says that on September 20, the end of the fiscal year, there probably would be in the state treasury a balance of only $17,000. The cause of the unusual deficit, he said, was that the legislature of 1909 had saddled on the state a large increase in the burden of appropriations without providing new means of raising, revenue and that the legislature of 1911 had to cut appropriations $600,000 as a result. The effect, he said, would be that the state’s finances would be on the right side of the ledger at the end of the fiscal year, and that increase in returns from taxation would assist. The sinking fund is now engulfed in the general fund and to insure accumulation of enough funds in the sinking fund to meet the SBOO,OOO of state bonds due in 1915, the last legislature prohibited transferring "moneys from the sinking fund to the general fund after this year. The next legislature, it Is said by state officials, will have to provide means of increasing the revenues to meet the increasing expenses of the state. „ It is easier for a girl to get six diplomas than one certificate of marriage, and four degrees than one degree of divorce. What have you to sell? Why don't you sell ttf A Republican classified ad will bring you ’a buyer willing to pay what It is worth. Don’t put It off. Three lines one week in all Issues of the Daily and Semi-Weekly Republican for 26 cents. It isn’t the “come hither” look in a woman’s eye that fascinates a man half so much as the “keep away” look. No matter what yon want to sell or what yon want to boy, try n classified ad In The Republican.