clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e

PLEASE NOTE: The searchable text below was computer generated and may contain typographical errors. Numerical typos are particularly troubling. Click “View pdf” to see the original document.

  Maryland State Archives | Index | Help | Search
search for:
clear space
white space
Annual Report of the Comptroller, 1914
Volume 278, Preface 8   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

x REPORT OF THE COMPTROLLER OF THE TREASURY

not account for the increased payments. It must be borne in
mind, however, that against the fiscal year just closed there is
necessarily charged the expenses of the General Assembly of
1914, which will not occur in the fiscal year 1915, nevertheless
the other expenses have made the demands upon the Treasury
unprecedented.

Permit me to present to you a statement showing the amount
of such increase or excess of appropriations alone in compar-
ison with those of the two preceding years.

 

Calendar Year
191.4
and Fiscal Year
1915

Fiscal Year
1916

Omnibus Appropriation Bill (Charitable Institutions)

$183,928 58

$117,428 58

General Appropriation Bill (State Institutions).

323,900 00

200,000 00

General Appropriation Bill (Miscellaneous) ........

79,906 05

54,700 00

Extraordinary Appropriations ...................

400,059 53

197,700 00

Total Increases ....................

$987,794 16

$569,828 58

I am calling your attention to these large increases, not in the
spirit of criticism, but simply to show that our general revenues
from which they must all be paid will not he sufficient to meet the
same. The moneys received into the Treasury from the direct
tax levy cannot be used to pay these demands, inasmuch as all
moneys derived therefrom go to public schools, sinking funds
and road maintenance. How, therefore, can the Treasury stand
an increased burden of nearly $1,000,000 for the year 1915, with
an increase of revenue of less than $40,000? and likewise the
great increase as shown for the year 1916.

In this connection, permit me to refer to Statements "C" and
"D," showing the probable receipts and disbursements during
the fiscal year 1915.

SINKING FUNDS.

In Statement "E" you will find the operation of these funds
during the year, showing in detail the receipts and investments
on account of each. Your attention is also respectfully invited
to Statement "F," showing the stock account, together with
the cash balances to the credit of each, amounting in the aggre-
gate to $5,966,304.54. You will observe that the cash balance
of $747,104.54 is unusually large, but in view of the fact that the
State will be compelled in the near future to issue the remainder
of its loan, together with unprecedented conditions of the money
market at the close of the fiscal year, the Treasury officials after

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Annual Report of the Comptroller, 1914
Volume 278, Preface 8   View pdf image (33K)
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 16, 2024
Maryland State Archives