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Show ECONOMY MEASURES WILL-NOT-SOLVE-CASH PROBLEMS Tax Expert of Calif. Cites Budget Report to Prore Contention SA f!A M KXTO, FeU. 4. Economy xm-asures cannot sove California's financial problems, wag the statement today of iMyde U Seavey, tax expert uf the state board of control. And Seavcy produced the rtport of the budget board in an effort to prove h:. contention.. According to the budget board's estl-iniiU', estl-iniiU', a htornia s mat a government will spend jxi.3i7.C2 11 In the newt two yt-ar. The revenue undr exist-inir exist-inir tux laws and the present available avail-able sturi'lua la estimated at 20. This leave a deficit of 914..49Z.al. The Htute admin intra! ion proposed to rsuse this inony by incrt-asing the tax on public utility corporations, but the wtato assembly defeated the plan. ' MI OTK FI4.1RKM. State officials quote these figures to uphold their contention that either this increased corporation tax must be voted wht'ti the legislature fee- -nds, r some other tux plan devised. Tin- state ad mini tit rat ion is opposed to an 1 valorem tax. The lft tciencv was created largely I'V Ttn7eop!r-tT!emi'T,ert t?in ihey voted iiuTiBfil highway bond liiter-! liiter-! and increased aid to schools, S a produces the budget to show th.it th financial problems of the Matt cannM be polvt-d ty any scheme of reorn.ini.intT t he st:it government. The M;it covi-m mti t cost during the Inst iwii yearn approximately $4.-:,ii.0int. $4.-:,ii.0int. Th's include the salaries of all state officials, excepting; those connected con-nected with state Institution. It Include In-clude the expenses of all state boards n nd commissions of all state offices. KIXKD f'IMRfiKM. The budget board lists I44.M9.749 1ft ef the $61 .ts;.;.ri as fixed charges. This Includes bond Interest and sink-ing sink-ing fund which take up millions. This fund falls into the following general clHNsif tent tons: Const ruction, including high-wav high-wav bonds sinkinc fund nnfl interest, building bnnd.4 sinking fund nnd Interest nnd Butter basin psResnentto,17S.00C I. i neat Ion. Including $.1. $". -4 ?!...! for I'nlersity of 1-ifornia; 1-ifornia; S:!i.4u).9SO for public pub-lic schools 50.401. PSO Vfteration with the T'. S. government surveys and writer investigation CO Oftrt 1 1 for n ia 1 ted wood park .... lfi.OOo Support or orphans S.JClH.finO 1Mi"eell,ineous 1.7 2, 70 These fixed charge are crested by const i tut lonal amendment or previous lep-ij1n t i vp enact men Tvni.-.l of ..flier .-hitTfH V' I.eatMiiture . $ " 4 .I-dlclal 1.3IM45 i:.eciitl ve. Including pav of governor and upkeep of his office 1?,000 Ail mini st rat !ve. Including cost of ft a te board of control, controller. treasurer and ither Mate offices 1 MO 57S i'ieirulatlve Zt7r,t defensive Ti.3.430 is iMPOsarni.F.. "The budget for the next Mennfum cannot be reduced material I v unless we arbitrarily cut out care" for orphans, or-phans, lower the standard of oar ff hoolrt or adopt some m"-h drsMc measure.- sa.ld Pes vv. "The over-h-d cost of the state rovernment. w hich amounts to n bout t'Z.1 r.00.000 a viar and Inctiides all the stnfe offjeps and boards and commission, cannot be reduced sufficiently to meet the deflc t which the state faces. "The only solution of the problem Is to raise more money. And the only way to raise more money fairly. Justly, is m increase the tax on corporations to the same level which the property I owner now pays to his country and city government a." , |