Show goi BLOOD VETOES HOMESTEAD TAX BILL I 1 adhering tc his established po policy of 0 acting on governmental issues issue in a manner calculated to some serve the best interests of the people of utah as a whole governor henry 11 II blood has placed his veto on the homestead tax exemption bill jammed through the legislature legisla tuie 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 decide decider that one or the other would have to be vetoed if any semblance of a balanced budget were to be main maintained taine after carefully weighing the matter matte from all angles governor blood decided that it would be to the best interests of the state and people as a whole that the exemption bil should be vetoed and the wel 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 exemption of on homes and on furniture and housch housel ild ld personal property in vetoing the exemption measure and approving tile the old age pension bill bil the governor said in his inessa message e simple arithmetic will vill show if both bills become law the state cannot over a period of years meet the expectation of those who are hoping for adequate 0 old d age assistance ill if they are to be assured such assistance si stance 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 1 I therefore sign senate bill |