The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-03-30

ALBANY, March %, 1855.
renonssanoe from David Banks and others, against
using Reservoir square for . MARKET was read
Mr. AUNa0x reported . bill authorizing asylums to
bind out children ass bill TO gvs further time the
construction Of the Utica and Binghamton Railroad.
power TO Increase their capital rsferred to select
committee
Mr.. MUsRoE rspor ssf bill giving further time to
railroad companyte truos Its road in one of the
Tho Albany and susquehanna Railway Town subscrip.
ton bill was reported complete and ordered to third
reading
The hnal vote the Temperance bill is to be taken at
4P: NJ, on Tuesday next.
law making loans on their stock private terms
was ordered to third reading.
Assembly.
ALBANY, March 90, 1855
Private claims were again taken up In committee.
The Metropolitan Gas Light Ompany bill was re-
ported complete, and the New YORK Harbor Eneroach-
ment bill was passed.
Report on the MIL Tax.
In ASSEMBLY April g. 1855
The Committee Of Ways and Means beg leave to report
herewith bill to provide fer thu support OF gov.
ernment for the fiscal year commencng October l. 1855.
provides for mill tax, and your committee
The mill tax imposed by the act Of July 81 1853 pro.
duced the ne sum Of 81 256 900 r. Your committee
pose to introduce will realize like am punt and the
Of it
The estimated expenses OF the tor the u.s.
cal year, commencing October 1854 81 80
The ettmated receipts were l,5l7,5S0 90
Leaving deficiency for the year Of. 49,. sls.s5a 80
But the estimated receipts vas included the con.
sttutional appropriation for the general fund of $780,
000 payable out of the surplus revenue the canals
which appropriation has failed in OF there
being no such surplus revenue That amount, added
to the deficiency above stated, makes the tosal def
To which is to be added the dedoieacy at "
the close OF the year ending September
~, 1884,. ZI9.0o4 50
And it makes a total deficiency Of .... 4s5, 4o7 II
Chargeabs with which the general fund will enter on
the fiscal year commencing October !, 1856.
In addition to this deficiency 1854 II
The estimated expenses Of government for
the fiscal year commencing October 1,
1855, contained in the annual appro-
priaton and supply bls 80. 1867 1856 90
Making total Of. =. q O52, 5s3 II
The estimated general revenue fund receipts
for the same period amount to $417,550 90
10 which add the proceeds OF
the proposed mill tax, say. Il $4,000 90
And il makes a total OF rscsipts 1873 $50 90
Thus leaving n deficiency at the close of the
fiscal year ending September &c. 1855, OF $3.50 O33 II
Showing rcdueI OF sio6 S74 of the deficiency with
which the fiscal year will mence that
duction viii he largely encroached upon by legislative
appropriations in acts other than the general appropa
close OF the fiscal year enaug September &c. 1856 will
smounto more than $500 coo, and will be still increased
by such appropriations other than those abovs referred
10, are daily making by legislative acts.
The annual deficiency is increasing Ia amount and is
not likely to be much diminished On the sOth OF Sep
TENDER, 1852 1t amounted to s1Ss 343 3d. tae 30th
o. September 1853, to s419 so; the s0th Sep
ember 1884, TO 1919 054 49, the Both Of September
1855. estimated above it will amount to $49b 407 n.
The loss, by the General Fund.- of the annual of
5000, 600 from the Canal Revenue Fund.- Is the chief
Of this increasing deficiency and the deficiency
will continue until that appropriation shall be restored
or until the General Fund is, in some other way, lie.
peted. In the meantime, the deficiency can be sup
Piled only by taking borrowing its amount from the
capital Of the School Literature and United States De-
post Funds has been done by the Comptroller for
severa! years past by his making temporary loan
on his official bond. M. BLATCHFORD,
L. s. MAY,
II. BAKER,