The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-09-04
INTERESTING CITY MATTERS.
Manifesto Of the Mayor 10 the Common Council,
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IMPORTANT SUGGESTIONS.
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SCATHlNG OF THE CITY FATHERS.
THE CONTROLLERS SEMhIEyUAL REPORT.
IMPORTANT SUGGESTIONS.
,ATHlNG OF THE CITY FATHERS.
What it Cost to Support Misgoverned City,
&C., &C., &c.
BOARD OF ALDERMEN.

BOARD OF ALDERMEN.
The President, ISAAC 0. BARKER ESQ.,, in the Chair.
COMMUNICATIONS.
From Comptroller Flagg, announcing that the co n
tractors for cleansing the streets OF ten of the wards had
been settled WITH showing saving the city of 80 per
cent over the old system. Ordered to be printed
From the Central Park Commissioners in answer to
resolution stating that the estimate assessments are
nearly completed, and will shortly be ready for the
counsel Also, that they have been delayed much beyond
their intended time by circumstances beyond their
troll; but they have doubt that the matter will be
ready for the counsel the present month. Ordered
Rle.
COMMUNICATION FROM THE COMPTROLLER AZ TO THE ExrESD
TuRE On THE CITY THE YEAR ENDING JUNE, 1855.
DEPARTMENT OF FINANCE
comrHouias OFFICE CRY OF NEw YORK.
July 81, 1855.
This report il intended embrace the financial opera
tcns Of the city government for twelve months,
the first July 1856 thus covering months Of the
year 1854, and the same number OF mon tbs OF 1855.
The financial operations city government may be
l. The ordinary expenditures for the support of the
city government, which are paid almost entirely by
The receipts and expenditures on account of the city
debt These embrace the revenue arising from ater
rents Of the Croton aqueduct and ali from the
rents Of PIERS markets. and public property of every
description, with interest mortgages for sales Of real
estate, &c.
g. The receipts and payments on account of assess
ments and awards in opening Streets for
ssegguating grading tagging and paving streets for
Included in the table Of g Trust Funds the several
sums raised annually By tax for the State mill tax for
Of this city, and for the payment Of certain debts created
for the erection Of public buildings There included in
he total sum- 00see table, So M Ana
there embraced in the expenditures for twelve months
S ,sss1g the af c 81 e SS Mh ns's ee
count Of state tax in 1854.
A. The receipts and payments on account Of revenue
debt is thus created in anticipation Of the de-
rived from the annual taxes This mode of SUP porting
the government by borrowing until the be col
lected provided for each ordinance making the an
nual appropriations, as follows
'ssec 5. The Comptroller is hereby authorized borrow
from time time the credit of the Corporation, in
anticipation OF its revenues and not to exceed in
such Tever such may be necessary to meet
expenditures nnder the appropriation for the current
year.
Under this ordinance, the Comptroller has borrowed
bonds since the first Of January last the
Of s. 716 100, in anticipation Of the tax which will be
ready for collection the first OF September and from
due 1t will be by referring TO table No. TO- that
the city has paid off in the twelve months preceding first
Of july 1914 Of the revenue bonds Of 1853 and 81
7d7 429 Of those Of 1854 thus canceng 81 7s of this
Tie charter of 1890 limits the to be borrowed in
my year, to the Of that year. The 10th
section Of the charter Is as follows =
"sec 49, The Common Council shall not have authori-
Ike Corpops,on escep in Of the Of
the wear in which such loan shall be made unless au-
thorized by special act of the legislature"
The revenue bonds based on the revenue derived
from the annual taxes and hence the tax levy, which
approaches six millions Of dollars establishes very
II il obvious from the preceding explanation, that
we the total paid out in twelve months on &C
l. O57 3 and add to it the amount paid for the
redemption Of bonds shown in statement No
as to the cost q the city government The expenses
the city proper, as shown in table No are paid ndis-
se hoe oomnr po the treasury
The Comptroller for example in November, 1854 makes
up estimate Of 600 for the support OF the gov
eminent for the calendar year OF 1859 The provisions
OF the tax require about eight months OF the cale
dar year. before the taxes begin to come in and nine or
the necessity OF using bonds to anticipate large
portion Of the 800 ooo which win begin to come into
which viii not be realized the payment q taxes das
ing the calendar year Al the close Of the year sSa
there was in arrear s54 % OF the sum levied sne
year q 1855 when the year closes win have been paid
BY about 100 procured BY the Issue Of If revenue
from the payment Of taxes.
1t il also necessary To look beyond the footings OF
table No. for the extent Of the burdens annually borne
by the tai payers Besides the payments account of
the expenses Of the city government OF ~ oo7 ~ a.
s s1sn n table No. as Funds but which sums
are also derived from taxation viz
state mill tax. *SisAi %
mmon schools for state ..'..'. s aIswa a. a.
To nav debt for building loan stock 49,. $1,000 90
Total 81, 3Os se3 az
This makes total Of So 46S 05i 81 expended in the
twelve months preceding July 1855 which is paid BY
APPROPRIATIONS EXPENDITURES AND RECEIPTS.
Statement No. shows the whole amount OF approp~i-
atoms for the calendar years Of 1854 and 1880 also the
expenditures for six months Of the year 1854 from July
70 December 81 and six months Of the year 1855 from
January July i; also in the last column the total
expended under the various heads for the twelve
NJ ding In
statement No. q shows the appropriations made in
1854 and 1856 account OF trust funds and special ac
counts; slso the paid out of the treasury &C
count of these funds for six months in 1854 and six
months in 1856. This table embraces the large sums
nue. bonds anticipation OF the annual tax and in pay
ing these bonas when the tax Is realized also embrace.
bonds These bonds are issued 70 borrow
uey in anticipation of the collections by assessments for
opening grading and paving streets building sewers Re
Of assessments 20 enable the treasury 70 pay the con
tractor the work as coon az his labor Is done
sury on account OF trust funds for the twelve months
preceding the LIST july 1868 amounts to 80 213 81
Being for six months of 1854. g. 177,10s -
And for Six months ofls55. .. 62ol los 20
- &9,37s?13 81
The payments account Of awards made by commits
sonsr appointed sy order o. the T ,SS s u,
months. The awards in opening Canal and widening
Walker streets alone amounted TO the sum Of $5as lss W.
These payments intended TO be balanced by equal
amount assessed premises supposed TO be benefited by
the opening and widening of the streets The time hxsd
Ivy a resolution Of the Common Council for the opening
a. Canal and Walker streets, the lst Of May 1851
from which time, ordinarily interest would have been
chargeabe the assessed and four months there
after the awards would have been payable With interest
the amounts, II payments were not then made The
persons opposed TO the opening Of these streets however
appealed IRON the decision Of the Supreme Court and the
final decision Of the question delayed until about the
lst OF April 1855.
The question then whether the persons assessed
should pay interest for eleven months before the final de
cision and whether the city should pay interest the
awards Tor eight months before Il had possession Of the
property. finally determined to exact interest
the assessments only from the 1st Of APRIL 1853 and TO
pay the awards the lst Of May without interest TIL
rendered II necessary for the Comptroller 70 maze
ciAl lean Of half million OF dollars, at thirty and sixty
days at an interest Of per cent The amount ol
interest paid on account Of this special loan wa
$500 e..
In the meantime the collectors Of assessments having
served notices persons assessed, large number Of
tnem paid their assessments, with interest from May
1881 This interest has been refunded 10 them on re.n