| Show governor blood vetoes homestead exemption bill adhering to his bis established policy of acting on governmental issues in a manner calculated to serve the best interests of the people of utah as a whole governor henry 11 blood has placed his veto on the homestead tax exemption bill jammed through the legislature and dumped into the lap of the executive along with the old age pension and general welfare bills in the closing days of the last session by his action the governor came to the financial rescue of the counties and towns of the state particularly the less populated units which would have been deprived of a large part of their chief revenue property taxes had the bill become law the governor and his advisors after a most careful study of the revenue prospects of the state during the ensuing two years decided that there was not sufficient revenue in sight to offset the a year for old age pensions he decided that one or the other would have to be vetoed if any semblance of a balanced budget were to be maintained after carefully weighing the matter from all angles governor blood decided that it would be to the best interests of the state and its people as a whole that the exemption bill should be vetoed and the welfare measure be approved he acted accordingly placing the stamp of disapproval upon the exemption bill which as passed by both houses of the legislature provided for the full constitutional tut ional exemption of on homes and 00 on furniture and household personal property in vetoing the exemption measure and approving the old age pension bill the governor said in his message simple arithmetic will show if both bills become law the state cannot over a period of years meet the expectations of those who are hoping for adequate old age assistance if they are to be assured such assistance we must protect our present revenue use up our existing reserves and even then must find new sources of revenue at the end of the next biennium I 1 therefore sign senate bill no 2 and veto house bill no 19 it may be our experience in the next two years will help to point the way to a sounder program of social security and equality of taxation the appropriations bill the largest in the history of the state for was approved by the governor after vetoing the home exemption bill the governor disclosed he felt justified in approving the entire bill instead of using his prerogative of deleting any items he might deem necessary at the same time a levy bill calling for more than the total of appropriations appropriation A was signed the additional amount is designed to be used in covering the states portion of the teachers retirement fund which was given approval in the signing of house bill no |
