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Newspaper
Dothan Eagle
Location
Dothan, Alabama, United States of America
Date
Jul 08, 1945
Page
10
Budget chief Saie outlines income tax as key for funding two years of school and welfare programs. Proceeds to be directed to tax reductions and treasury reserves if nonprogram revenue falls through. Constitutional amendment debate to be decided at a separate election, with Governor’s plan guiding allocation.
The plan allocates 39,933,000 to cover the amount of outstanding income tax. This appropriation targets overdue receipts and aims to settle liabilities, enabling continued government operations and compliance with tax obligations.
Budget officer outlines using bonds issued to pay the 1932 floating debt and a larger sinking fund to retire the 103 year old carpetbag bonds due 1956. Total bonds outstanding exceed 8.5 million with projected 8.4 million in the sinking fund plus interest income from federal investments. Remaining funds would cover tax administration about 70 thousand annually, income tax bond interest around 282 thousand next year, and homestead exemptions about 1.35 million annually, totaling roughly 1.6 million and leaving about 4.7 million yearly from current income tax collections.
Alabama counties receive a total of 10,849 for June from state gasoline tax, the heaviest collection since gasoline taxation began. Each of 67 counties gets about 1,000 more than June 1944, per A B Tucker of the Gasoline Tax Division.
The thirst of eight scheduled picnics for 4H Club members in Houston County will be held at Rehobeth, Tuesday, beginning at 1030 am. All members planning to attend are requested to bring a picnic lunch and a bathing suit, for swimming if possible. Also included are market notes on cotton prices and a report on Lt Gen Robert C Richardson Jr being named commanding general of the middle Pacific with responsibilities for army troop supply and training in the Pacific.
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