Salt Lake Telegram | 1932-09-07 | Page 5 | State Spends 3 Times Its Revenue in August

State Slate Spends 3 Times Its Revenue in August Augustl I IThe The state spent three times tithes as much as it collected in August Augusi the monthly report of State Stat Treasurer A. A E E. Christensen revealed Wednes Wednes- da day ay True revenue receipts totaled while receipts i consisting mainly of transfers on the i books woks aggregated Against total otal receipts of were of Balance on hand in all funds at the end nd of August the report showed was including Inthe inie Inthe in the ie state general fund Receipts to to this his fund were while disbursements dis dis- from It were The general fund still owes the state tate road fund borrowed in inthe inthe the he past three years The board of loan commissioners recently ordered such uch payment but the funds were riot not ot transferred because the general genera fund und was too low to permit it Receipts to the state road fund totaled to to- aled including fC federal fed fed- eral ral aid money Disbursements from this his find were leaving a 8 low balance alance of General property prop prop- erty taxes brought to the state school chool funds and to the state road oad funds Income taxes yielded InherItance inner inner- taxes stamp tax 1500 from licenses from licenses on automobiles for or hire and HOO from interest on bank ank balances p