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NIVERSITY OF CHICAGO
LIBRARIES
266892
MARCH 1930
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STATE FINANCES
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STATE
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EXCELSION
COMPTROLLER
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YORK
DUPL
EUGENE M. TRAVIS
State Comptroller
j.
No. 4

PUBLISHED MONTHLY AT ALBANY, NEW YORK
Each
7-
ادا کر

JAMES A. WENDELL,
COMPTROLLER'S OFFICE
Deputy Comptroller
WILLIAM BOARDMAN,
I
ALBANY
YORK
EUGENE M. TRAVIS, Comptroller
Deputy Comptroller, N. Y. City Office
CHARLES H. DORN, Secretary
I
FOREWORD
All work performed by State officials is public business. Not
only should the citizens have access to the records, but official
reports should be so clearly and forcibly presented at frequent
intervals as to render them easily understood. To this end, the
publication of "State Finances" was undertaken.
FRED G. REUSSWIG,
Deputy Comptroller
WILLIAM J. MAIER,
Deputy Comptroller
The State Comptroller is the chief financial, and one of the
most responsible, officers in State Government. Because his
administration peculiarly affects the economic welfare of every
citizen, they should be kept informed of all that is being accom-
plished that they may feel that they are taking part.
Eigene Metravis
AUDIT BUREAU
In addition to the other duties of this bureau already set forth
in a previous issue is the auditing of the purchases made by the
institutions, boards, commissions and departments; the supervi-
sion and operation of the funds for retired employees and the
nraintenance of highways.
The auditing of purchases of over 150 departments, boards,
commissions and institutions requires much detail work, such as
the supervision of hids, contracts, etc., the total purchases aggre-
gating about seven million and a half dollars and embracing all
DEC
of D.
5 1913
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UNIVERSITY OF CHICAGO
LIBRARIES
266892
MARCH 1930
3
character of purchases, from eggs to the materials for construct-
ing one of the large institutions of the State. The work of this
bureau has saved the State many thousands of dollars during the
last few years.
COURT AND TRUST FUND BUREAU
Probably no duty entrusted to State government carries with
it a higher degree of honor or fiduciary relationship than that
affecting the management of moneys known as "Court and Trust
Funds." These include sums paid into the various courts of
record for the benefit and to the credit of infants, widows, orphans,
creditors, incompetents and the estates of deceased persons. Be-
cause the amounts in most instances represent the sole support of
claimants who usually have no voice in their disposition, every
principle of equity and justice requires that such entrusted es-
tates be amply safeguarded. (The comptroller is required to cause
yearly examinations to be made of all these accounts. During
May and June examinations were conducted in the counties of
Albany, Broome, Livingston, Niagara, Rensselaer, Schenectady,
St. Lawrence, Sullivan, Wayne, Westchester, and in those wholly
included within the city of New York.)
FINANCE BUREAU
The Balance Sheet as of July 1, 1917, is presented showing in
condensed form the various State funds; this is supported by the
following statements:
I. Treasury Transactions for the year, p. 12-13.
II. General Fund Financial Operations for the year, p. 13-14.
III. Statement of State Debt and Sinking Funds, p. 14.
IV. Statement of General Fund Appropriations in Force, p. 15.
V. Comparative Statistics, p. 16.
The fiscal year of the state was changed by chapter 118, Laws
1916 to end June 30 instead of September 30. This report there-
fore reflects the transactions of the first full year since the law
became effective.
As shown in the statement below the actual results have
exceeded the estimates made for the year.
1
The actual and estimated financial transactions for General
Purposes of Government (i. e., transactions of the General Fund
and Canal Maintenance and Repair Fund combined) are con-
trasted in the following statement for twelve months of the present
and past fiscal years:
Revenue receipts for gen-
eral purposes:
General Fund
Direct taxes
Indirect taxes
Other revenues and
receipts.
Refund of advances
to Canal Fund.....
Canal Fund
Maintenance, repairs,
etc.
•
Total revenue re-
ceipts, etc.
Expenditures:
General fund
Ordinary expenditures,
etc...
Advances to canal fund.
Debt service contribu-
tions ..
Redemption of revenue
bonds and interest..
repairs,
Canal Fund
—
M
4
Excess revenue receipts
over expenditures
Excess expenditures over
revenue receipts
TWELVE MONTHS ENDED
June 30, 1917
Estimated
June 30, 1917
Actual
$2,745,383 43
53,440,260 78
5,229,594 99
177,871 84
$2,924,546 41
49,537,500 00
3,966,555 00
10, 548, 309 38
100,000 00
$711,813 20
$61,593,111 04 $56,528,601 41
$56,528,601 41 $75,079,012 29
June 30, 1916
Actual
$48,610,418 95 $47,916,966 45 $47,956,537 32
3, 154, 000 00
10, 564, 545 49
$20,031,600 60
47,137,323 21
4,188,512 26
3,654,000 00
67,576 22
*$3,005,400 27
Maintenance
etc...
1,722,569 51 1,052,489 74
1,577,657 92
Total expenditures..$60, 881, 297 84 $59, 534,001 68 $71, 215, 883 63
12, 468, 188 39
6,059, 500 00.
$3,863,128 66
* Estimates based on appropriations in force July 1, 1916, and accrued direct
taxes.
عر
肇
​Chap.
No.
734
751
755
737
738
739
740
744
756
766
Public Works Department, Canandaigua lake, dredging.
Public Works Department, Keuka lake, Liberty street bridge..
Schenectady-Scotia bridge
735
780 Repair of dyke across Mohawk, between Cohoes and Green
Island
781
Improving Cowasselon creek.
757
758
741
Protective:
736
748
New York Monument Commission, monument to 79th N. Y. S.
Volunteers
Public lands, assessment for local improvements, city of Cort-
land
Conservation Commission, Lake George, Preserving shores of
754
islands
759 Conservation Commission, fish hatcheries, Dunkirk, equipment.
767 Conservation Commission, fish hatcheries Chautauqua,
745
794
809
746
APPROPRIATION LAWS SIGNED SINCE JUNE 1, 1917
Constructive:
747
749
5
Highway Department, maintenance and repairs, State and
county highways between Albany and New York.
Public Works Department, Limestone creek, improvement.
Highway Department, bridge across South Bay,
South Bay, protecting
trestle approaches
General:
Robert H. Roy, John F. Hylan, expenses defending title as
county judge, Kings county.
•
742
743
750
752
753
760
761
762
765 Paving East Whitesboro street, Rome.
Judicial:
Commission on Uniform State Laws.
Supreme Court, Appellate Division, Second Department, assist-
ant deputy clerks, etc..
Defensive:
•
National Guard, mobilization, encampment and field exercises.
Education Department, protection of Education Building.
National Guard, Second Regiment, losses sustained by fire..
Attorney-General, expenses of inquiries concerning public
peace, etc.
1
Curative:
Compensation certain employees in hospitals (no amount appro-
priated).
Erie canal bridge, Buffalo.
Direct tax
Canal:
Bridge between Crescent and Rexford.
In re route of canal between Tonawanda and Buffalo
Reimbursement. St. Mary's Roman Catholic Cemetery, Rome,
for lands
Approaches to Erie canal bridge, Yorkville, reappropriation,
$16,320.85.
Bridge over Black River canal, East Whitesboro street, Rome..
Ellicott creek
·
• •
Charitable:
Board of Charities, relief for women nurses.
Agricultural:
Cornell University, College of Agriculture, game farm.
•
•
·
Educational:
In re deaf mutes, certain institutions (no amount appropri-
ated).
Education Department, Deputy Commissioner's office, salaries,
regular
Supplemental Appropriation Bill.
•
Regulative:
Industrial Commission, Bureau of Employment, Juvenile Place-
ment Department
Amount
$100,000 00
35,000 00
10,000 00
16,500 00
1,000 00
15,000 00
8,000 00
12,000 00
5,000 00
138 95
10,000 00
5,000 00
7,000 00
4,000 00
2,500 00
15,000 00
150,000 00
10,000 00
25,000.00
50,000 00
2,500 00
5,000 00
975 00
15,000 00
55.000 00
30,000 00
13,058,752 65
2,500 00
62,100 06
779,560 35
2,500 00
15,000 00
15.000 00
Chap.
No.
Saratoga Springs State Reservation Fund:
Principal
763
Interest on debt.
764 Sinking funds, interest on debt.
782
Chap.
No.
2
13
23
26
33
39
41
46
49
56
69
71
72
84
91
97
99
124
127
128
136
142
168
194
207
211
218
222
236
251
255
261
265
266
286
302
307
315
318
355
NEW LAWS OTHER THAN FINANCIAL
361
384
386
387
·
390
391
409
410
435
458
459
462
468
•
•
6
•
Legislative:
Legislature, Joint Committee to Investigate Public Service
Commissions
Motor vehicles, registration fees.
Lands for public defense.
Payment military and naval forces.
TRATION OF STATE COMPTROLLER'S OFFICE
AFFECTING THE ADMINIS-
Canal traffic agent.
Employment Daniel McCarthy, Sing Sing, as hazardous.
Amending Tax Law, generally.
Court of Appeals, clerks to judges, compensation.
Taxing lands, Hyde Park and Pougekeepsie for school purposes.
Military and disciplinary training.
Fees to be collected by Secretary of State.
Lands and forests.
Commissioners of Land Office, quit claim to Lewiston Heights, Lewistown
Road 5590.
Apportionment, etc., mortgage tax, secured debt.
Stenographers to justices, Fourth Department.
Amount
$95,000 00
32,360 00
10,102,500 00
Transfer taxes, discount and interest thereon.
Court and trust funds, surety company bonds.
Payment by counties, portion of cost of highways under repair contracts.
Exemption of bonds, State and civil divisions.
Attorney-General, temporary stenographer.
Highway maintenance, town or village bond.
Naval militia.
Purchasing committee for departments, boards, etc.
Palisades Park Commissioners, jurisdiction.
Transfer tax clerk, Onondaga county, salary and expenses.
Education Law, agricultural schools.
Agricultural Law, State farms and institutions.
Leasing New York city buildings to State.
Prison Law, representation in board of classification.
Training school, Westchester county.
Palisades Park Commission, condemnation proceedings,
Additional judges, Court of Claims.
Amending Highway Law, generally.
New York sheriff, poundage and fees.
Lands and forests.
28,000 00
Insanity Law, salaries, certain officers and employees.
Moneys received by Commission for Blind by gift or bequest.
State Comptroller to examine accounts of school authorities.
Improvement to State routes.
Employment of convicts, State routes.
Insanity Law, salaries of agents.
County Law, reports of county indebtedness.
Lands at Beekman for military purposes.
Appointments, Appellate Division, Second Department.
Official referees, appointments and compensation, First, Third and Fourth
Departments.
481
Tax Law, Transfer tax clerk Queens county.
482 Tax Law, Transfer tax appraiser, Erie and Suffolk counties.
Maintenance of convicts on construction work.
Leasing of sites for farm and other labor.
Census and inventory, military resources.
Lien of corporation tax.
Salaries, States employees on military duty.
Salary of librarian, Buffalo library.
Civil Code, Court of Claims and officers.
Federal aid, improvement of highways.
Finance Law, capital fund, Saratoga Reservation and moneys received by
Commission for Blind.
490 Tax Law, License tax, foreign corporations.
493 Tax Law, organization tax on corporations.
497
Commission to ascertain difference in pay to members of National Guard by
United States and State.
501
Franchise tax on corporations having shares of capital stock without nominal
or par value.
Typewriters. Appellate Division, First and Second Departments.
502
506 Amending chapter 205, Laws of 1917, Food Commission.
Chap.
No.
514
519
526
533
555
565
574
576
595
596
598
635
642
649
652
653
6.54
660
667
689
715
729
730
7
Supreme Court librarian, Newburgh.
Replacing motor vehicles now on canals.
Tax Law, lien of mortgage and redemption by mortgagee from tax sale.
Relief of town of Clifton, St. Lawrence county, assessment on State lands.
Repeal, Athletic Commission.
Highway Law, powers of certain towns in Adirondack Park to borrow money
for highway purposes.
Constitutional oath by employees of State, civil divisions and cities.
Providing for acceptance by the State of benefits of an act of the United
States, for promotion of vocational education.
Executive Law, power of Attorney-General to inquire into matters concerning
public safety, etc.
Finance Law, emergency relief by State institutions during war.
Highway Law, acquisition of toll bridges by State.
Military Law, compensation of retired officers.
66
Canal Board to convey to New York city rights for rapid transit railroads.
General Business Law, cancellation of bonds for license to sell steamship
and railroad tickets.
Employment of school children in agricultural pursuits.
Tax Law, tax on investments and transfers.
700
707 Tax Law, tax on investment companies.
712
Conservation Law, bonds for river improvement, Canaseraga creek.
Civil Service Law, system of service records and ratings.
United States to acquire lands for maneuver grounds.
Agricultural Law, relative to diseases of animals.
New Printing Law.
Retirement of guards and other employees, prisons and reformatories.
Legislative Law, messenger for legislative library.
731
768
773
774
775
792
802
807 New York Patriotic Fund.
Deposits by Comptroller of agreed compensation for property appropriated.
Civil Code, deposits by Comptroller of money on account of awards for prop-
erty taken by the State.
Civil Code, court and trust funds.
Civil Service Law, retiring veterans and pensioning them.
Civil Code, relative to actions for foreclosure of mortgage brought against
the people of the State.
Civil Code, relative to partition actions brought against the people of the
State.
Judiciary Law, publication of Session Laws and court reports.
Judiciary Law, expenses of investigations to be borne by State.
Department Farms and Markets.
LAND TAX BUREAU
Under this bureau is the computation and disbursement of
State Aid" for the repair of town highways. The computation
is based upon the valuation per mile of highways in each town.
outside of incorporated villages, ascertained by adding to or de-
ducting from the assessed valuation the percentage added to or
deducted by the State Board of Equalization in equalizing for
State purposes, and dividing this amount by the number of miles
of highways in the town outside of such villages. Since the first
authorization of "State Aid" in 1898, there has been paid to the
towns the sum of $17,475,733.09, the amount paid on taxes
levied in 1898 being $34,517.73 and on taxes levied in 1915.
$1,950,575.85.
MUNICIPAL ACCOUNTS BUREAU
During the months of May and June, the comptroller received
reports of examinations of the fiscal affairs of the cities of Little
Falls and Plattsburgh and the towns of Fishkill, Pine Plains
and Yorktown the villages of Chatham and Wilson. Examinations.
were commenced in the city of Amsterdam, the village of Mam-
aroneck and the towns of Clinton, Durham, Fayette, Jewett,
La Grange, Pleasant Valley and Seneca Falls.
Accounting work of a constructive character was performed in
Wyoming, Onondaga (where a complete system of accounting is
being installed in the auditor's office) and Westchester, in relation
to the office of commissioner of charities and correction; and in
Canandaigua, Cortland, Dunkirk, IIornell, Little Falls, Lockport,
Poughkeepsie and Olean. Examinations are in progress in
Amsterdam, Bacon, Glens Falls, Niagara Falls and White Plains,
in the village of Mamaroneck, and in the towns of Durham,
Fayette and Jewett.
1916
July
August
September
October
November
December
1917
January
February
March
April▾
May
June.
•
8
•
STOCK TRANSFER TAX BUREAU
*STOCK TRANSFER TAX RECEIPTS
Fiscal Year Ending June 30, 1917
$313,328 96
441,336 64
873,873 24
868,484 60
1,011,983 52
966,515 62
541,181 88
467,839 92
554,100 06
480,994 60
609,103 26
657,769 58
$7,786,511 88
Total for the twelve months.
* This revenue is derived from the tax imposing two cents on each hundred
dollars on transfers of stock.
TRANSFER (INHERITANCE) TAX BUREAU
66
Since July first the transfer of certain investments under the
Inheritance or Transfer Tax Law may be liable to an additional
tax imposed by a new section to article 10 of the Tax Law enacted
by chapter 700 of the Laws of 1917 and reading in part as follows:
'§ 221-b. Additional tax on investments in certain cases. Upon
every transfer of an investment, as defined in article fifteen of
this chapter, taxable under this article, a tax is hereby imposed,
in addition to the tax imposed by section two hundred and twenty-
one-a, of five per centum of the appraised inventory value of such
[
9
investment, unless the tax on such investment as prescribed by
article fifteen of this chapter or the tax on a secured debt as defined
by former article fifteen of this chapter shall have been paid on
such investment or secured debt and stamps affixed for a period
including the date of the death of the decedent or unless the per-
sonal representatives of decedent are able to prove that a personal
poperty* tax was assessed and paid on such investment or secured
debt during the period it was held by decedent; *
22
In the appraisal of estates where the decedent died subsequent
to July 1, 1917, it will be necessary for the executor or adminis-
trator to present to the appraiser all investments of the character
included in the Investment Tax Law which the testator or intes-
tate owned at the time of his death or furnish such proof of a
compliance or non-compliance of the decedent in his life time,
with the requirements of the Investment Tax Law as the appraiser
or Comptroller may require in order that the appraiser's report
may contain proper and sufficient findings of fact from which this
additional tax can be fixed in the taxing order of the surrogate or
the investments declared exempt from this section of the Transfer
Tax Law.
*
*
MISCELLANEOUS
One of the new laws enacted relates to the license tax on foreign
corporations which shall not be less than ten dollars. Already the
result of this law is apparent as several payments have been
received from foreign corporations. This fee is due from every
corporation after the first year of carrying on its business in this
State. It is computed at the rate of one-eighth of one per centum
upon the capital stock employed within this State. During the
current year the department has collected a single fee amounting
to $15,075.50.
Revenues received by the State from indirect sources during the
fiscal year ended June 30, showed a gain of $7,344,020.30 over
the previous twelve months, according to a statement on page
13. The total amount collected was $58,669,855.77, against
$51,325,835.47 for 1916. Increases were shown in all save excise,
motor vehicles, mortgage and secured debt tax receipts. These
deficits were due principally to local option, division of auto-
mobile moneys, war conditions, and the inoperation of the secured
debt tax law since January 1.
CONDENSED BALANCE SHEET OF THE STATE
RESOURCES
Revenue required to meet appropriations
in force..
Cash (statement I).
*General Fund:
Canal Fund:
•
Construction accounts:
Investments at par.
Cash (statement I)
*Cash for (statement I):
Appropriations in force.
Surplus...
Highway Improvement Fund:
Construction accounts:
Construction.
Construction..
Investments (J. R. Shanley Est. Co.)...
Cash (statement I).
Canal Debt Sinking Funds:
Cash (statement I)
Highway Debt Sinking Funds:
Investments at par.
Cash (statement I)
+
•
Trust Funds:
•
•
Saratoga Springs State Reservation Fund:
Purchase of land, etc.
Cash (statement I).
•
·
State Forest Preserve Fund:
Land, etc..
Cash (statement I)
Sinking Fund
Funds:
Investments at par.
Cash (statement I)…….
Total Resources.
• ·
Palisades Interstate Park Fund:
Extensions and improvements.
Cash (statement I).
Palisades Interstate Park Debt Sinking
Cash (statement I)
Principal investments at par.
Principal cash (statement I).
Revenue cash (statement I).
10
+
•
•
*For General Purposes of Government
• •
·
►
D
$75,096,843 70
6,825,722 30
$126,384,584 36
411,500 00
22,921,773 43
29,645,272 15
2,958,231 62
388,961 05
33,424 97
$68,610,510 97
11,642,598 82
12,867,315 00
2,598,903 57
$808,986 59
13 41
$4,463,584 30
536,415 70
229,300 00
249,605 99
$2,394 26
2,497,605 74
140,699 81
$8,922,691 33
1,199,795 27
4,600 07
$81,922,566 00
182,743,747 58
95,719,328 36
809,000 00
5,478,905 99
2,640,699 81
10,127,086 67
$379,441,334 41
Canal Fund:
†General Fund:
Appropriations in force (statement IV).
Surplus July 1, 1917 (statement II, p. 14). .
OF NEW YORK AS OF JULY 1, 1917
APPROPRIATIONS, LIABILITIES AND SURPLUS
$75,096,843 70
6,825,722 30
Funded debt.
Miscellaneous receipts on account of con-
struction appropriated...
Miscellaneous receipts on account of con-
struction unappropriated.
Highway Improvement Fund:
Funded debt.
Canal debt sinking funds.
Appropriations in force (maintenance, etc.).
†Surplus, July 1, 1917 (statement I, p. 12).
11
•
Highway debt sinking funds.
Miscellaneous receipts on account of con-
struction unappropriated. .
Saratoga Springs State Reservation Fund:
Funded debt.
State Forest Preserve Fund:
Funded Debt.
Sinking Fund.
Trust funds..
Palisades Interstate Park Fund:
Funded debt..
Palisades Interstate Park Debt Sinking
Funds..
·
For General Purposes of Government
$148,000,660 00
99,240 59
1,617,957 20
32,603,503 77
388,961 05
33,424 97
$80,000,000 00
15,466,218 57
253,109 79
$5,000,000 00
478,995 99
$2,500,000 00
140,699 81
Total appropriations, liabilities and surplus..
$81,922,566 00
182,743,747 58
95,719,328 36
S09,000 00
5,478,905 99
2,640,699 81
10,127,086 67
$379,441,334 41
EUGENE M. TRAVIS,
Comptroller.
3
I. TREASURY TRANSACTIONS
Summary Statement of Receipts and Expenditures of the Various Funds
in the State Treasury (Including Transfers Between Funds) for the
Fiscal Year Ended June 30, 1917
FUNDS
GENERAL FUND
Revenue Receipts, Ex-
penditures, etc. . . . . .
Total General Fund
Barge Canal Term-
inals.
Total.
Canal Debt
CANAL FUND
Construction Accounts
Erie, Champlain and
Oswego Canals.... $12,881,761 25 $10,516,590 99
Cayuga and Seneca
Canals.
689,947 04
178 85
8,367,329 16
4,582 10
$21,939,037 45 $10,521,351 94
►
Sinking
Funds
Funds for matured
debt.
Fund No. 2.
Fund No. 3.
Fund No. 4.
Fund No. 5.
Fund No. 6.
Fund No. 7.
Fund No. 8.
Fund No. 9.
Fund No. 10..
Fund No. 11..
Fund No. 12.
Total..
Other cash for
·
•
Maintenance, repairs,
etc...
Surplus..
Unapportioned in-
terest.
Total.
Total Canal Fund..
HIGHWAY IMPROVE-
MENT FUND
Construction Account..
·
•
Highway Debt Sinking
Funds
Fund No. 1.
Fund No. 2
·
Fund No. 3
Fund No. 4.
Fund No. 5.
Fund No. 6.
Total.
·
•
T
•
+
Total Highway Im-
provement Fund...
Saratoga Springs State
Reservation Fund..
•
Palisades Interstate Park
Fund...
Palisades Interstate Park
Debt Sinking Fund
Fund No. 1...
Fund No. 2.
Total..
Cash balance
July 1, 1916
$5,411,264 94
*$5,411, 264 94
•
$660 00
146,170 15
395,722 38
641,002 55
168,672 27
397,498 98
180, 105 47
195,101 85
319,624 92
369,821 40
81,845 36
91,823 20
$2,988,048 53
*$1,052,489 74
*72,540 44
$1,125,030 18
$26,052, 116 16
$7,015,678 11
$4,663 09
715,918 53
365,983 56
164,879 92
756,798 33
104,888 44
$2,113,131 87
$9,128,809 98
$93,436 97
12
$52,292 89
$52,292 89
Fiscal year ended June 30, 1917
Expenditures
Receipts
$61,955,289 22
$61,955, 289 22
$101,809 82
690,918 64
3,433, 153 86
199,212 59
393.980 81
2,000,731 56
268,381 80
387,076 05
500,521 92
1,493,400 18
451,047 12
$9,920,234 35
$1,170,992 98
289,824 00
760,101 69
$2,220,918 67
$22,662,504 96
$10,133,598 87
$119,414 58
1,767,630 66
800,094 43
310,376 18
633,487 77
985,385 66
$4,646,389 28
$14,779,988 15
$2,500,000 00
163,644 22
133,668 88
$2,797,313 10
$60,540,831 86
$60,540,831 86
$6,897,455 08 $16,500,897 16
483,377 63
206,748 27
2,157,783 26
6,214,128 00
$9,538,615 96 $22,921,773 43
$60,000 00
630,000 00
3,228,648 14
313,526 68
731,648 68
1,948,212 70
375,040 73
605,176 77
765,265 34
1,172,532 22
120,000 00
$9,950,051 26
$1,834,521 67
328,939 47
760,101 69
$2,923,562 83
$22,412,230 05
$36,662 24
1,955,009 50
728,567 32
277,005 05
963,373 47
200,000 00
$4,160,617 58
$5,506,678 16 $11,642,598 82
$93,423 56
Cash balance
June 30, 1917
$6,825,722 30
*$6,825,722 30
$1,963,584 30
100,000 00
$660 00
187,979 97
456,641 02
845,508 27
54,358 18
59,831 11
232,624 33
88,442 92
101,524 20
105,077 98
402,713 32
422,870 32
$2,958,231 62
$1,063,584 30
$388,961 05
33,424 97
$9,667,295 74 $14,241,502 39
$422,386 02
$26,302,391 07
$87,415 43
528,539 69
437,510 67
228,251 05
426,912 63
890,274 10
$2,598,903 57
$13 41
$536,415 70
115,937 11
133,668 88
$786,021 69
1
FUNDS
State Forest Preserve
Fund..
State Forest Preserve
Debt Sinking Fund
No. 1..
Total.
Cornell University Fund
TRUST FUNDS
Common School Fund
Principal
Revenue.
Literature
Principal.
Revenue..
United States Deposit
Fund
Principal,
Revenue...
Military Record Fund
TREASURY TRANSACTIONS- Concluded
Fiscal year ended June 30, 1917
Expenditures
Receipts
$2,500,000 00
$2,394 26
•
Principal.
Revenue..
Public Administrator's
Fund...
Twenty-year Court and
Trust Fund.
actions..
·
·
Total Trust Funds
Total Treasury Trans-
Cash balance
July 1, 1916
$225,613 06
•
1,121 40
4,408 69
287,938 79
540,968 17
$1,186,751 51
GENERAL FUND
REVENUE RECEIPTS
Direct taxes.
119,080 00
7,621 40
Indirect taxes
Excise (liquor tax)
Corporations...
Organization of corporations
Transfers (inheritance tax).
Stock transfers (stamp tax)
Secured debt...
Mortgages.
Motor vehicles.
Motor cycles.
Other revenues and receipts.
13
·
140,699 81
$2,640,699 81
$50,000 00
$41,924,672 45 $106,611,030 35
*The funds available for general purposes of government are:
General Fund, cash.
Canal Fund, maintenance and repairs, cash.
Canal Fund, surplus cash..
Total.
$952,238 12
216,772 04
19,666 66
13,525 98
Total General Fund Revenue
Receipts...
307,082 03
177,188 70
13,000 00
1,654 01
?
12.257 38
11,850 21
$1,725,235 11
$12,685,228 22
13,982,723 87
1,217,436 96
13,791,969 65
7,786,511 SS
766,791 28
1,183,409 50
1,989,847 11
36,342 31
5,229,594 99
Total Indirect Revenue Receipts $58,669,855 77
Refund from sale of Canal Fund bonds.
$2,394 26
$50,000 00
$890,505 22
216,772 04
$61.415,239 20
5,500 00
12,988 61
361,124 60
177,188 70
2,000 00
9,074 35
32,437 78
$1.707,591 28
$96,537,351 05
Twelve months ended
June 30, 1917
$2,745,383 43
July 1, 1916
$5,411,264 94
1,052,489 74
72,540 44
$6,536,295 12
II. General Fund Financial Operations for Twelve Months Ended
June 30, 1917 and 1916
June 30, 1916
$20,031.600 60
$12,721,695 52
12,036,365 33
1,054,664 73
9,344.686 91
6,871,155 42
1,065,550 14
1,655,401 66
2,368,545 00
19.258 50
4,188, 512 26
$51,325, 835 47
3,654,000 00
Cash balance
June 30, 1917
$2,497,605 74
$75,011,436 07
140,699 81
$2,638,305 55
$287,345 96
21,788 06
537 37
65,037 43
++++ ||| ++
14,121 40
4,062 70
291,121 82
520,380 60
$1,204,395 34
$51,998,351 75
June 30, 1917
$6,825,722 30
388.961 05
33,424 97
$7,248,108 32
Increase (+)
or
Decrease (-)
-$17,286,217 17
$36.467 30
1,946,358 54
162, 772 23
4,447,282 74
915,356 46
298,758 89
471.992 16
378,697 89
17,083 81
+ 1.041,082 73
+ $7,344,020 30
3,654,000 00
$13,596,196 87
II. General Fund Financial Operations for Twelve Months Ended June
30, 1917 and
1916 -
1916 — Concluded
Twelve months ended
EXPENDITURES
Executive..
Administrative.
Legislative..
Judicial.
Regulative.
Educational.
Agricultural.
Defensive.
Penal.
Curative.
Charitable.
•
Protective..
Constructive.
General..
•
Contributions payable to
Canal Fund for appropriations.
·
Total Ordinary Expenditures,
etc....
Debt Service
Contributions to:
Canal Debt Sinking Fund..
Highway Debt Sinking Funds..
Palisades Interstate Park Debt Sink-
ing Fund..
SURPLUS
Saratoga Springs Reservation bonds
and interest.
Total Debt Service..
Total General Fund Expenditures..
Balance July 1.
Credits..
Transfers from Canal Fund Sur-
plus....
Excess Revenue Receipts over Ex-
penditures..
Charges
Redemption Revenue bonds and in-
terest.
Surplus June 30.
Net Funded Debt.
i
•
•
14
FUNDED DEBT
Canal bonds.
Highway bonds.
Palisades Interstate Park bonds.
State Forest Preserve bonds.
Saratoga Springs State Reservation bonds
Total Funded Debt.
•
June 30, 1917
$133,876 39
1,559,523 32
2,173,694 78
3,203,428 54
3,420,471 18
9,654,665 63
2,530,760 91
2,768,257 49
1,946,721 85
8,071,319 24
3,773,054 53
1,828,949 74
6,614,806 84
930,888 51
June 30, 1916
$105,962 74
1,984, 872 99
2,699,328 18
2,082,900 62
4,005,978 78
9,471,901 50
2,853,288 17
1,152,629 42
1,772,808 54
7,989,114 11
3,940,048 31
1,770,711 03
7,135,536 76
991,456 17
$48,610,418 95 $47,956,537 32
1,170,992 98 5,442,515 47
· ►
$49,781,411 93 $53,399,052 79
$7,097,407 48
3,168,465 64
$5,371,337 30
6,671,551 38
150,880 26
293,208 74
131,556 00
132,090 97
$10,548,309 38 $12,468,188 39
$60,329,721 31 $65,867,241 18
Less Sinking Funds
(For accruing interest and redemptions)
Canal Debt Sinking Funds..
Highway Debt Sinking Funds.
Palisades Interstate Park Debt Sinking Funds.
Forest Preserve Debt Sinking Fund.
Total Sinking Funds.
$5,411,264 94
$2,224,872 32
328,939 47
1,085,517 89
$6,825,722 30 $11,470,764 94
6,059,500 00
-
$6,852,722 30 - $5,411, 264 94
June 30, 1917
$148,000,660 00
80,000,000 00
5,000,000 00
2,500,000 00
809,000 00
$236,309,660 00
$27,913 65
425,349 67
525,633 40
+ 1,121,527 92
585,507 60
182,764 13
322,527 26
1,615,628 07
173,913 31
82,205 13
167,993 78
58,238 71
520,729 92
60,567 66
$653,881 63
4,271,522 49
+1+++1+1+
$32,603,503 77
15,466,218 57
478,905 99
140,699 81
$48,689,328 14
$187,620, 331 86
+
101,697 73 +
9,144,194 89
III. Statement of State Debt and Sinking Funds as of June 30, 1917
and June 30, 1916
Increase (+)
or
Decrease (---)
+ $1,726,070 18
3,503,085 74
142,328 48
534 97
$1,919,879 01
$5,537,519 87
▬▬▬▬▬▬▬▬▬
P
3,617,640 86
+ $3,186,392 62
227,241 74
8,058,677 00
$4,645,042 64
6,059,500 00
+ $1,414,457 36
June 30, 1916
$138,000,660 00
70,000,000 00
2,500,000 00
904,000 00
$211,404, 660 00
$29, 560, 536 10
13,932,796 87
281,592 89
$43,774,925 86
$167,629,734 14

STANDARD CLASSIFICATIONS
Executive.
Administrative.
Legislative.
Judicial
Regulative.
Educational
Agricultural.
Defensive.
IV. Statement of General Fund Appropriations in Force, Showing Unexpended Balances at July
Add
Deduct
1917 appropriations
Penal
Curative.
Charitable
Protective
Constructive
General
Contributions payable:
Canal Fund for appropriations.
Total Ordinary
Debt Service
Contributions to:
Canal Debt Sinking Funds
Highway Debt Sinking Funds.
Palisades Interstate Park Debt
Sinking Funds.
State Forest Preserve Debt Sinking
Fund.
Saratoga Springs State Reservation
bonds and interest.
Total Debt Service.
Total General Fund.
Unexpended
Balances
July 1, 1916
$124,010 10
1,583,039 60
1,223,006 24
2,096,759 10
4,583,517 43
10,472,780 95
2,401,448 16
2,781,911 69
2,700,624 92
9,226, 144 35
4,540, 193 49
2,240,272 58
1,866,029 46
982,715 08
$46,822,453 15
1,094,513 30
$47,916,9€6 45
$7,097,407 48
3,168,465 64
150,880 26
147,792 11
$10,564, 545 49
$58,481,511 94
Lapses revived
Immediate
$25,551 41
292,103 41
1,465,084 06
1,504,431 47
989,733 21
492,047 72
1,035,073 95
6,448,605 00
432,635 09
2,150,453 43
1,085,805 93
1,442, 145 36
7,157,066 79
154,432 95
$128,255 07 $24,675,169 78
$24,675,169 78 $38,809,803 59
646,954 68 1,442,447 00
$128,255 07 $25, 322, 124 46 $40, 252, 250 59
$375 00
1,203 61
63,955 46
189 81
6,557 39
43,247 72
29 14
7,591 56
4,778 38
327 00
$128,255 07
Available
July 1, 1917
$111,650 00
1,577,715 33
1,264,050 00
1,865,517 59
3,842,020 00
9,529,584 00
1,968, 145 30
1,713,908 72
1,965,325 62
8,307,232 45
3,380,206 73
1,675,794 85
576,653 00
1,032,000 00
87,714,337 22
4,924,842 55
276,531 18
125,388 21
127,360 00
$13, 168, 459 16
$38,490,583 62
$40, 252, 250 59
Expenditures
to June 30, 1917
$7,097,407 48
3,168,465 64
150,880 26
$133,876 39
1,559,523 32
2,173,694 78
3,203,428 54
3,420,471 18
9,654,665 63
2,530,760 91
2,768,257 49
1,946,721 85
8,071,319 24
3,773,054 53
1,828,949 74
6,614,806 84
95,883 34
81,193 20
613,814 97
233,503 67
$123,452
1,841,382 60
1,696,732 10
2,185,293 29
5,796,311 28
10,689,404 05
2,837,379 06
8,080, 284 58
3,077,227 97
11,041,943 74
4,999,677 09
3,456,284 45
2,909,095 23
1,180,994 70
80,570 16
80,625 56
57,591 82
930,888 51
$48,610,418 95 $1,909,800 10 $59,915,462 54
1,170,992 98
2,012,922 00
$49,781,411 93 $1,909,800 10 $61,928,384 54
131,556 00
$10,548, 309 38
$60, 329, 721 31
Lapses
$3,882 72
51,952 42
81,713 42
78,361 33
199,691 79
214,298 45
36,717 25
►
..
bar
July 1
$16,236 11
$16,236 11
$1,926,036 21
$7,714,337 22
4,924,842 55
276,531 18
125,388 21
127,360 00
$13, 168, 459 16
$75,096,843 70
15
3 9015 06925 5647
UNIVERSITY OF MICHIGAN
A


YEAR
1881.
1882.
1883.
1884
1885
1886
1887
1888.
1889
1890.
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914.
1915
+ •
16
1917
V. COMPARATIVE STATISTICS, STATE OF NEW YORK, OCTOBER 1, 1880, TO JUNE 30, 1917
Treasury transactions for general purposes
of government
•
D
► U
U
*State
population
5,174,369
5,265,867
5,357,365
5,448,863
5,540,362
5,631,860
5,723,358
•
5,814,856
5,906,354
5,997,853
6,255,598
6,513,343
6,607,787
6,702,231
6,796,675
6,891,119
6,985,563
7,080,007
7,174,451
7,268,894
7,428,577
7,588,260
7,747,943
7,907,626
8,067,308
8,276,570
8,485,831
8,695,092
8,904,353
9,113,614
9,228,440
9,343,266
9,458,092
9,572,918
9,687,744
10,273,375
Assessed
value of real
and personal
property
$2,681, 257,606
2,783,682,567
2,872,257,325
3,014,591,372
3,094,731,457
3,224,682, 343
3,361,128,177
3,469, 199, 945
3,567,429,757
3,683,653,062
3,779,393,746
3,931,741,499
4,038,058,949
4,199,882,058
4,292,082, 167
4,368,712,903
4,506,985, 694
4,898,611,019
5,076,396,824
5,461,302,752
5,686,921,678
5,754,400, 382
5,854,500,121
7,446.476, 127
7,738, 165, 640
8,015,090, 722
8,565,279,394
9,173,566, 245
9,666, 118, 681
9,821,620,552
10,121, 27',458
11,022, 985, 914
11,128,498.055
11,385, 137, 127
12,070,420,887
11,790,628, 803
12,091,437, €43
Totals
Cash Balance October 1, 1880.
Trust funds transferred from General Fund 1910.
Cash Balance June 30, 1917
Direct
State
tax rate
† (mills)
2.25
2.45
3.25
2.575
2.96
2.95
2.70
2.62
3.52
2.34
1.375
1.98
2.58
2.18
3.24
2.69
2.67
2.08
2.49
1.96
1.20
.13
.13
.13
.154
None
None
None
None
None
.60
1.00
.5805
None
1.70
None
1.08
·
Direct State
taxes levied
$6,032,829 61
6,820,022 29
9,334,836 31
7,762,572 78
9,160,405 11
9,512,812 91
9,075,046 08
9,089,303 86
12,557,352 74
8,619,748 17
5,196,666 40
7,784,848 16
10,418,192 08
9,155,742 88
13,906,346 23
11,751,837 71
12,033,651 80
10, 189, 110 93
12,640,228 09
10,704, 153 39
6,824,306 01
748,072 05
761,085 02
968,041 90
1,191,677 51
U
•
·
·
·
6,072,766 48
11,022,985 91
6,460,093 12
20,519,715 51
13,058,752 65
$259,373,203 69
Funded
State debt
(gross)
$9,109,054 87
9,109,054 87
8,473,854 87
8,461,854 87
9,461,854 87
9,327,204 87
7,567,004 87
6,965,354 87
6,774,854 87
4,954,304 87
2,927,654 87
763, 160 00
660 00
660 00
660 00
2,320,660 00
5,765,660 00
9,340,660 00
10, 185, 660.00
10,130,660 00
10,075,660 00
9,920,660 00
9,665,660 00
9,410,660 00
11,155,660 00
10,630,660 00
17,290,660 00
26,230,660 00
41,230,660 00
57,230,660 00
79,730,660 00
109,702,660 00
135, 355, 660 00
159,260,660 00
186,400,660 00
211,404,660 00
236, 309,660 00
* Periods between Federal Census and State Enumerations estimated.
† A one mill tax is equal to $1.00 tax on each $1,000 of real and personal property,
the above rates therefore she y for ear the tax on each $1,00 of valuation.g
Receipts
}
$12,468,522 33
9,503,255 57
10,064,675 22
11,974,624 28
11.416,472 68
12,912, 109 21
13,261,660 07
13,585, 113 40
12,687,410 54
14,460,586 37
14,836,028 02
10,364,427 56
13,842, 181 27
15,131,290 37
17,211,858 20
24,786, 181 54
22,387,587 29
23, 183, 541 32
22,717,694 96
28,072,441 06
26,455,869 72
23,149,609 26
23,516,080 02
24,981,651 16
25,286,916 86
34,059,518 54
35,032,053 87
33,996,769 90
31,567, 185 51
37,905,876 73
36,138,376 06
50,492,863 56
55,521,777 76
50,907,945 40
42, 141, 009 68
61,437,404 35
61,593,111 04
1960
Expenditures
$10,682, 386 01
10,198,222 16
10,254.333 73
11,168,954 79
12,196,939 79
11,509,585 94
11,988,408 07
13,533,366 40
13,327,862 99
13, 152,610 26
13,837,616 33
14,018,830 67
15, 115, 836 39
16,192,049 13
17,550,012 81
21,422, 352 33
21,384, 294 58
24,839,031 79
22,061,592 93
25,152,296 65
23,395,030 08
23,260,249 19
23, 240, 381 04
25,938,464 87
27,359,485 90
27,424, 363 08
32,619,734 94
34,318,052 13
39,237,426 69
38,332,015 66
38, 119, 377 16
44,858,059 07
50,011,422 53
53,828,583 62
57,342,600 39
52,725,240 14
60,881,297 84
$969,051,680 68 $962,478,368 08
1,082,053 34
407,257 62
7,248,108 32
Excess
receipts over
expenditures or
decrease (---)
$1,786,136 32 1881
1882
694,966 59
-189,658 51
805,669 49..
-780,467 11
1,402,523 27
1,273,252 00
51,747 00
—640,452 45
1,307,976 11
998,411 69
-3,654,403 11
1,273,655 12
1,060,758 76
-338, 154 61
3,363,829 21
1,003,292 71
-1,655, 490 47
Year
$970, 133, 734 02 $970,133,734 02
+ The year 1916 is for nine months owing to the fiscal year
by Chapter 118, Laws 1916, from September 30 to Jung
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1900
1901
656, 102 03 1899
2,920, 144 41
3,060,839 64
110,639 93
275,698 98
-956,813 71
-2,072,569 04
6,635, 155 46
2,412,318 93
-321,282 23
7,670, 241 18
1
426, 138 93
-1,981,001 10
5,634,804 49
5,510,355 23
-2,920, 638 22
-15, 201,590 71
8,712, 164 21
711,
,81
$6,573
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
16
T