Show TAX DROP CUTS STATE GENERAL FUND REVENUES the state general fund revenue will have to get along during the current fiscal year with approximately less lesa revenue from the general tangible property tax than it had during the year just ended this became plain when tho the state tax commission ded determined that the assessed assed valuation of taxable tangible property for this year will probably bo be in the neighborhood of the following tabulation shows the receipts to be expected from the three state levies as announced by the tax commission recently compared with those charged against the county treasurers treasur ers one year ago general fund 1931 1930 district school fund 1931 1930 high total charged 1931 thus it Is shown that on account of the decrease of in the states valuation as compared with last year the total state and state school levy of 0 this year of 82 mills will actually raise less revenue than fild bid the corresponding levy of last year which was fixed at only 37 nilles malls the increase in the state district school levy which furnishes a considerable part of the revenue of the public schools of the state was from 47 mills to 56 mills and was sufficient to raise the revenue derived by the schools from the state by about 50 on the he other hand the state general fund and the stats state high school fund the latter also being divided among the school districts suffered buttered by reason of the fact that the con institution permitted no increase in those these levies the general fund to the tune of and the state high 1 school fund by about the drop in the general fund had bad been only in part foreast for cast tho the last legislation was required to use tho the estimates of the state auditor which were to the effect that the total valuation of tangible property in utah this yar would be about it has draped below that estimate but the estimate entitled tho the legislatures appropriations committee to estimate a revenue to tho the general fund of the actual revenue to be charged in nearly below that figure As a matter 0 of tact fact the governors govern ors budget prepared for the legislature using tile the auditors estimate contemplated a total expenditure expend aturo from the general fund tor for tho the present blen gium of whon when correction Is made for the fact that the three institutions of higher education now derive their revenue from direct ap Drop lation and not as aa in the past from the general fund levy the legislature however actually appropriated and authorized tile the state tax commission to fix levies to raise an aggregate of moro more than for tho the biennium blenn lum the general fund has some other sources of revenue than general property taxes but even so it is doubtful that tho the constitutional maximum general fund levy of 24 tills fills applied to tangible property will be sufficient lent to ralso raise the total named in such a case unless the state departments part ments and institutions and the various other state supported activities cut their demands on the state general fund ft a deficit in ili that fund would appear to be probable live ivo years hence salt lake tribune ot of last week |