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State finances show rising debt under Democratic administration
A Utah financial report criticizes the Democratic administration for increasing bonded debt from 2.56 million to 3.41 million and raising state payroll expenditures by 360 thousand dollars annually. It cites deficits of 800 thousand dollars forecast to March 1921, higher tax receipts, and questionable land loan losses including 110 thousand dollars to Orem Town and 160 thousand to Lyondyl Town. The piece questions why state road bonds were not used to offset losses.
MENTIONED IN THIS ARTICLE
Uleh
Utah
United States
State Board of Land Commissioners
Mentum
Lyondyl
Qiem
Demoocrata
Orem Town
State Nold
State Board of Land Commisciones
State of Utah