8 REPORT OF THE COMPTROLLER OF THE TREASURY

The General Assembly of 1945 appropriated the following amounts
for additional compensation for State Employees for the next two
fiscal years:

1946 1947
General Funds............................ $387,186.00 $387,1,86.00

Estimated Special Funds.......... 169,014.00 169,014.00

Total................................ $556,200.00 $656,200.00

REVENUE ESTIMATES: The estimates of revenues for the
fiscal years 1946 and 1947 were made under rather difficult circum-
stances. It is hoped that at the close of the respective years, it will
be found that the estimates were substantially correct, particularly
that they were not excessive. The General Assembly, in an effort
to be helpful in the work of preparing revenue estimates for the
future, provided for an additional employee to give special attention
to the study of revenues. This employee will be attached to the
State Comptroller's Office and it is expected that a man with the
necessary qualifications for this work will be obtained soon.

This year's report is supplemented by statements showing revenues
from the Tax on Admissions, Alcoholic Beverages Excise Tax and
Licenses, Gasoline Taxes and Income Tax, for the years during which
these taxes were in existence.

POST WAR CONSTRUCTION PROGRAM: Another factor
has entered our fiscal picture in the program which has been pro-
vided for construction during the post war period. Construction
totaling $19,360,848.57 has been scheduled and will be proceeded
with in accordance with legislation relating thereto.

$13,780,590.81 will be available for this work during the fiscal
Years 1946, 1947 and 1948 as follows:

Appropriation Fiscal Year 1944............................. $2,000,000.00

Transfers

General Emergency Fund Fiscal Years 1944 and
1945............................................ .................... 666,597.04

War Emergency Fund Fiscal Years 1944 and 1945 559,460.75

Total $3 226 057 79
Less Expenditures Fiscal Years 1944 and 1945........ '270,466.98

Balance June 30, 1945 (Schedule "10")................ $2,955,590.81

Transfer from General Fund Surplus Fiscal Year
1946.......................................................................... $6,200,000.00

Proceeds from Sale of Bonds Fiscal year 1947........ 2,313,000.00

Proceeds from Sale of Bonds Fiscal year 1948....... 2,312,000.00

Total....................................................... $13,780,590.81