Show STATE TREASURY EMPTY AND TAX LIMIT REACHED F Lavish Laish H Expenditures Authorized o by Last legisla legislature ture thre Result in Serious Financial Condition Q 0 Poor Judgment of Legislators and He Heedless Appropriations limit of Borrowing Capacity inSight For State 4 y TAT TAlI under a beneficent R U administration l Is about broke The finane of the state are in a condition that renders Imperative the or of a lOAn sometime this month to keep the wolf out About remains In It the general fund out lr If the running ex expenses n of the he tae Hate must be paid and this amount will wIlI be exhausted moving day state tate Auditor has hns to thi th board of loan commissioners that be borrowed and made available by br May Ia 1 and expresses the opinion that before beCore the summer r Is over oer the borrowing limit of be bert ached rt These loans loan are In anticipation o othe of the tax payments which hl h will Hl begin to I Im m is hi next October The loans un dr r the hi law mutt must all be rep repaid ld by Jan 1 1905 1505 and the states revenues for Cor the If year Yeat will be diminished b by the amount of oC the loan The loan this year r will ex exceed t b by that of last Year Last year It was This had to bf be repaid last De December ember with Uh the result that the state Is on the financial l rocks thie year year I Legislature Legi lature w Was s Wasteful I If f 0 Th The last le legislature f I electing Senator Smoot gave 8 away that which I f 1 it had not In addition to making IS ISI I ish h appropriations It Increased the sal salaries aries of judges and state and th re of Its labors labor are no now be ming apparent The legislature did nt have the power to h increase the tax 3 vy r and the increase In property valuation has not been found Cound to 1 keep Mp up with the cx expenditure provided for forThe The total rf for Cor g general pur purposes poses poPeS this year Year Is about or Of I this OIO was nil appropriated to new buildings for state institutions and moat of If It has ha been drawn dran For the rf emp empt t tl Inn of the bonds maturing In ix lilt ir 2 hll has been n set let asIde flu two t a aJ J aret This Thill ii I is lying idle lii In the treasury ur and of course ourse cannot be used 11 1 r gt general Salaries for the amount to about this Item haYing having been boen increased ma materially t II b by bythe th the late re th the judicial payroll of If tM th state alor alo having been increased lay by 1 toO annually The legislature altO also created II a fourth jud judge e for Cor the Third judicial district adding to the PR payroll roll and dal clain completed teC 1 the work of oC wiping Ip n S the fund out or of f existence 1 Not ot Included 1 This not include the cost of oC the guard In ht Carbon 1 huM Inter Au An effort will tUbe be made to shift this anto the legislature At tilE the time the troops troop were ere ordered out th tb national fund had about 11 I In It This was alii all spent anti and about more with It to pa pay ofT the men 8 and nd settle MUle for their O The gO gOrnor gov governor n a of to pay err re these claims and restore the 11 1100 10 ue national guard fund to keep th the guard alive Ir If the legislature re ru to Q the money mone to py pythis this lea Iea tM the general fund will m have this additional naI t to pay Will Tax to Limit The tax limit or of tire the mills for general generalI I urpo U ee was ae reached last lut year anti and will In i all probability be bc reached again this year lar It is doubtful If the thc increase In property valuation will be large en enough ugh to make Utah solvent again this year The valuation lost last year In round was The best hoped qi this year is which would ad to the general fund on only pr about enough to offset th the salary taking Into consideration the heavy appropriations provided fOr Irhe state board or of equalization has he pow power r to reduce the tax le levy If It ars that Hc five mills would provide more funds than necessary sary ry but friends need not fear the members of the board will have to work t i themselves to death cutting down the levy It will all be needed T The e general fund has been practically call cally cleaned out for a 8 month past The temporary up or of claims mice or twice e lEd to the belief that the state was already alread lInt lIat broke but this Is not the case cas Mr Ir Tinge says The del delay a when It has oc occurred has baS been the result ot of a 8 flood of claims coming in inand inand and temporarily swamping the force of the auditors office 1 have always made It a point said Mid Mr to see ee that enough money was kept ill in inthe the treasury treasur to meet claims as they came up and haVe never drawn a war warrant warrant rant without being assured there was money In the treasury to pay It It sometimes happens that claims come in inso Inso so rapidlY that the office force cannot handle them all at once This was the theas case as last Friday Frida when Over er ThO claims for various amounts were vere turned In inThey They all ha have e to be c checked ke posted and warrants drawn for each one ThEre are only two of us in the office to handle tb this s work and we were unable to get through with it I hope to have these claims all audited and the war warI I runts rants drawn tomorrow or Tuo Tuesday at atthe atthe the latest t I cannot recall an Instance where a claim laim was held up more than thana I a week If that lung long I I Raise Once I In view of the tremendous demands made upon it Mr Tinges skill in I keeping some seine money In the general generalI I fund this long is s entitled to common but the best manage management mont ment cannot creAte mone money and the limit has been n rEached No revenue will be received before and it will be necessary to make a touch Im ImI mc latel to l I the states paper Croin Jj JIng hak d 1 about the country I The bou board d of loan JOAn commissioners comprising the governor secretary of I sta state te and enen Is athor Iz d Jy JU t tile e 1899 to make these I loans loam In anticipation of the tax payments The limit Is and the Imms must all b be repaid be before before fore the first of oC January Januar next succeed succeeding ing Several of these loans have hae been I made heretofore but the state has ne never r been In the desperate traits In whiCh It now flOW finds Itself In 1 the mone money Was secured for Cor 2 13 per Jer cent Last year ear the was for per cent What hat It can be got for this y year ar Is conj The ial funds are not In the dire fixl CuI fix or of the general fund but it Is oUt of the general fund that the state I government and the state tat Institutions are arl and anU the conditiOn n of this I fund Is therefore a matter of gravest cune concan I |