Message of Governor James S. Hogg to the twenty-fourth legislature of Texas Page: 15 of 48
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MESSAGE OF GOVERNOR HOGG.
178.81. Deducting the balance of $618,622.66, general revenue on hand
August 31, 1890, and since then paid out, the deficiency left at the beginning
of the present fiscal year, September 1, 1894, was $435,000.
This amount at that time was represented by registered treasury warrants.
Had not the extraordinary appropriations of $1,891,153.59 for debt
payments and for public buildings, improvements and their maintenance,
as shown by the foregoing statement, been made by the Legislature, the
receipts for the four years would have exceeded the expenses by $875,854.78.
It must be borne in mind also that while these extraordinary appropriations
were being made the Legislature reduced the tax rate the first
year from 20 cents to 16
cents, and each of the succeeding years to 15
cents on the $100 valuation of property. This reduction of taxes for the
four years aggregated $1,305,000 net. Had not this reduction been
made, the revenues on hand and collected during that period could have
borne the expenses and left a balance in the treasury of $870,000. This
balance would have been amply sufficient to operate the government
without any past or prospective deficiency. The fault, after all, lies in
the ill-conceived and unnecessary reduction of taxes.
After presenting the condition of the Government for the four years
ended August 31, 1894, I now present to your honorable bodies the following
table, showing the financial status in aggregates, beginning on
the day I qualified as Governor, on January 20, 1891, and ending last
Friday, the 4th instant, the latest period convenient for this message:
To revenue balance on
hand Jan. 20, 1891 .... $1,071,639 94
To revenue receipts from
Jan. 20,1891, to Jan. 4.
1895 .................. 7,974,169 25
To balance ............. 41,166 82
By amount of deficiency
in appropriations for
years previous to Jan.
20, 1891, provided for
By expenditures in support
of the State Government
to Jan. 4,1895,
for the four years ....
By balance on hand Jan.
4, 1895 ...............
Total warrants regist'ed
to date ...$1,274,629 74
date .... 586,960 64
Total registered warra'ts
not provided for to
The balance is held to
meet warrants called for
payment, but not presented.
_ , .~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
The Comptroller estimates that there will be collected about $1,380,000 more
on 1894 taxes, occupations, ad valorem, and fees, and from all other sources.
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Hogg, J.S. (James S.). Message of Governor James S. Hogg to the twenty-fourth legislature of Texas, book, 1895; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth5862/m1/15/: accessed March 30, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .