Governor's Message to the 56th legislature. Page: 17 of 41
The following text was automatically extracted from the image on this page using optical character recognition software:
in recommending retirement of the old State of Texas Bonds due to certain of our
school funds, in the sum of $4, 031, 229. 00. I also recommend for payment of medical
care, as authorized by the recently adopted Constitutional Amendment, $11, 000, 000
for the biennium; for the Driver Education program recommended by the Hale-Aikin
Committee, $4, 300, 000 for the biennium; and implementation of the Industrial and
Tourist Advertising and Development Program approved by Constitutional Amendment
at the rate of $100, 000 for each program per year, or a total of $400, 000 for the
biennium. . These sums for the biennium, when divided by 2 and added to my previous
recommendation, will require an annual total of approximately $72, 800, 000 in additional
This does not mean new taxes in such an amount, because in the attached
Exhibit 5, I have outlined a program which would raise $28, 740, 000 per year from
sources other than new or increased taxes, leaving the amount necessary to be raised
in new taxes as $44, 000, 000 per year. This, as you know, is a smaller sum than was
raised in each of several tax sessions from 1950 to 1955.
From Present Sources
The $28, 740, 000 which I recommend that we raise from sources other than new
or increased taxes includes the $15 million per year heretofore mentioned through a
change in the corporation franchise tax formula for interstate corporations;
$4, 340,000 per year from elimination of the present tax exemption on cigarettes and
beer sold on military reservations; $3, 600, 000 per year from increased tax collections
under present laws which the Comptroller estimates that he can collect with the additional
personnel recommended in the Executive budget; $3, 300, 000 per year from
fees and the elimination of refunds as recommended in the Executive Department study
Here’s what’s next.
This book can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Book.
Price, Daniel. Governor's Message to the 56th legislature., book, January 21, 1959; Austin, Texas. (texashistory.unt.edu/ark:/67531/metapth5870/m1/17/: accessed October 21, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .