II MESSAGES TO THE LEGISLATURE Regular Session Began January 1; Ended April 23 Extraordinary Session Began May 11; Ended June 11 Annual Message STATE OF NEW YORK EXECUTIVE CHAMBER. To the Legislature: Albany, January 1, 1908. The transactions of the treasury during the fiscal year ending September 30, 1907, show a large increase in receipts, and a net gain in surplus amounting to $2,386,693.18. Against $35,596,966.92 received from all sources during the year ending September 30, 1906, the State received in the last fiscal year $43,980,373.47. Of the increase $7,317,584.76 are attributable to the sale of bonds for canal and highway improvements, to the canal debt sinking fund account and unexpended canal appropriations, and to the account of trust funds, as follows: Apart from receipts from fees of public officers, including notaries, and fines and penalties ($382,024.75), from State prisons ($51,025.22), through State institutions on account of sales, etc. ($475,192.11), for expenses of Insurance and Banking departments ($443,588.32), from sales of lands ($90,053.18), from interest on general treasury deposits ($221, 313.54), and from miscellaneous sources ($306,084.69), the amounts raised by taxation aggregated $32,576,650.76. Although no direct State tax was laid (exclusive of special tax for judges, stenographers, etc.) this amount was $1,237,821.49 in excess of the amount raised in the preceding year. The comparison is as follows: Tax on racing associations..... $201,371 14 $215,925 29 The income of $2,442,249.73 from the recording tax on mortgages is especially noteworthy and fully justifies the expectations of its promoters. The disbursements during the last fiscal year amounted to $39,012,687.28 as against $30,350,096.21 in the preceding year. Of the difference $8,290,513.62 are accounted for in the expenditures for canals, for highways, in trust fund transactions, for forest preserve purchases, redemption of Adirondack Park bonds, and on account of the new educational building, to wit: |