The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-01-05


ESTIMATED REVENUE DISBURSEMENTS.
The State tax levied and collected for the past fiscal
year was one mill upon the dollar of the assessed
luo of the property Of the State.
The amount received into the treasury from that
source, during the past year, was q 256, 800 y.
OF this sum- there paid To the Auditor Of the ca.
nal Department in accordance with the provisions of
chap 6bl, Of the laws OF 1893 (ucludng interest,)
S657 145 S. which amount exceeds by fraction one
half of the net proceeds Of the tax.
This diversion OF means from the treasury from tho
proceeds of tina tax, left for the ordinary support of
government en- amount nearly equal to half mill sax,
viz: $3.50, 1913 Sc.
The estimated income (see preceding tables) from all
sources for the pregcnt scal year ending 30th Septe-
Der, 1855, is 81, 517 $50.
This amount includes thu proceeds of the three.
quarters of min tax, authorized by chap 65l the
laws Of 1853 which will amoon To $500 OO0 deduct this
amount from the total estiutc of receipts aud the
lance OF s6l7 $780, Is the income derived from ali other
sources.
This amount exceeds largely the usually availa-
BILE from miscellaneous sources Of revenue.
II arises from the addition of SlT5 000 receipts
from the state prisons whose earnings paid into
the treasury under chapter $40 Of the laws OF 1854 and
are with large amount in addition thereto dishursed
for their support There also several other items of
ethe same description where the receipts and dburse-
ments are nearly equal; and, as they estimated in
the table OF receipts well expenditures they pro-
duce no difference in the comparative balances.
The estimated expenditures, Cfor items preceding
table, including the deficiency IL existed the begin
sl,Sl2, 967 IL.
1t may be proper for here say that is in the
power OF this department to estimate With great degree
OF accuracy, its receipts while experience teaches that
the expenditures the control Of which Is solely in
the Legislature, invariably exceed the estimate.
II the estimates not exceeded, there will remain
deficiency in the revenues for the fiscal year ending
Sept. 80, 1855. Of S2aj 407 ~.
This result inevitable although direct tax be levied
and collected authorized by law upon the people OF
this State the net proceeds Of which viii reach 5000
The deficiency in the General Fund reveue will in
from s2i906l 49, during the preset fiscal year
ending the 30th SEPTEMBER, 1855, 10 the sum OF
s295,407 II, which amount will DO due the various
funds held in trust by the Comptroller on that day
This result IL as unexpected 10 this department
disastrous to the treasury and arises from the immense
indebednesso the state PRISONS which is estimated at
$4,000 and formed no part Of the estimates Of my
predecessor.
Although this Indebtedness was made without autho.
ry Of law as the Comptroller believes, stil the prac.
tce OF using the credit OF the state temporarily sup
port the prisons, was in accorda nee WITH custom
II is not supposed that the state will repudiate the
acts OF its officers arising from the ine1ciency Il ts
laws to compel proper performance Of their duties
~, or dishonesty.
That the debts due for services rendered or property
delivered "a tue prisons. will be paid the Comptroller
enterains doubt and the amount necessary that
purpose accordingly forms part Of the estimates for
the expenditures of this fiscal year.
The increasing population and business OF the State
leads annually TO additional expenditure, wen To
new demands upon the treasury for purposes entirely
local in their character The Comptroller would re.
specially remind the Legislature that every local appro
pratiou is additional general burh-n of taxation
aud that through that alone. the means can oc
secured 70 replenish an exhausted treasury.
That the ordinary revenues OF the state wholly
insufficient for IT, support beyond doGht and that
the coming year authorized by THE legislature to ena
BILE the treasury 70 meet the demands upon the
cal year ending September 30. lS5n.
This statement % the amour Of the tax to be ie
We'd and collected Tor the year 1856 i made after care
full examination and i based upon the suppositon that
the expenditures viii not cxoee the estimates furnished
in this report
No attempt has been made suce the adoption Of the
constitution by legislation 20 increase the revenue II
the General Fund except BY direct TAXATION and apart
from any Extraordinary demand upon the treasury,
(kc the debts Of the state prisons i will require In
addition 90 the present ordinary Of that fund
at least permanent half mill She future sup.
port 81 the government
The balance IN the treasury this day ia S2s 400 ST.
which will be reduced materially by the ordinary pay.
ments thercfrpm with which the year commences,
to which should be added the amount necessary e.
deem the Comptroller's bonds talliny that day,
SIS go These with the amount OF school money. paw
able In February, will probably exhaust that balance,
The state tax Is payable the ls II May which will again
place the treasury in funds.
In concluding this report the Comptroller may be
permitted 20 call the attention OF the legislature III
fact that the estimates for expenditures for the present
hFeal year are, with the exception Of the amount