Show STATE REVENUES nn CAuSE GAUSE fOR AAK d of Equalization Calls At Attention Attention Attention At- At to a Serious Situation OLD STATUE A MENACE Need for Early Legislative Action Action Action Ac Ac- tion to Keep Up State Expenses Utah Is le now facing a 3 moat most serious problem In Its finances accor according ing to tho the report of ot tho the state board of or equalization filed tiled yesterday with Governor John C. C Cutler Tho The board is composed comPOsed composed com com- posed of ot John Watson Waton R. R W Salisbury SaIls Salis bur bury R R. R R. R Tanner and J. J J J. Thomas The Tho state law provides pro 1 when Utah's d valuation shall have ha reached tho the mark the taxes for tOI state sl purposes shall automatically fall tall from S 9 mills to 6 L mills Tho The board points out nut that the tho assessed Valuation valuation in 1908 I. I is and that within a 0 very t few w years the 9 marls marl w will hl II be bo reached Whereas the revenue now no is when a valuation of or only 35 more mON is added tho revenues re wI wAi will I drop to only The Thc board points out that tho the demands demands demands de de- de- de mands upon the state finances at tho the pr present time limo are all that the they can stand an and that increased demands from tho state etotA Institutions will be forthcoming It is le necessary there there- toro tore the they point out that some soma now new financial measure measure- bo be passed ed by the thele le legislature which will Increase tho the revenues Instead of or decreasing them During the last nine y years year ars a the as assessed as as- g valuation has increased from and a 0 material Increase Is looked for In 1909 and in the years to como come owing to tho the building of or railroads rallI rail rail- roads power plants pl and other othor enterprises enterprises enter enter- s which will take capital I Clo Cloe Figuring Now Nine Nino 1 years ars ago tho the r report port Ha says s tho the 4 state Institutions were maintained on ona ona a a. taxable property valued at but with tho the Increase of ot CO CD per cent or tho the state barel barely gets gots through h. h owing to tho the Increased de do- do mands The Tho demands on the finances arc nrc increasing faster than the revenues re Among Among- the recommendations made b by the board is e that tho the office of or county I assessor shall be bo mado made for four years instead of or two O and that the assessor tate take e office tho t August following elections elec elec- Instead of or in January right January right In Inthe Inthe Inthe the heart hoart o of the teal real work worl of the office The board also sUg suggests a n law lw In InsistinG Insisting insisting In- In I that t nil all money hold by city county and state treasurers and ond boards 1 I of or education not n needed c cd for tor Immediate I use be bo placed on de deposit to draw InI in interest In- In I terest In this manner all public I moneys would draw raw Interest The Tho board admits that tho the new nAW sheep and cattle laws for tor the assessment I purposes purpose Is a r failure lIure and recommends to tho the legislature that the ol old laI law la be Q again aln put Into force if It no better I one can be enacted |