The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-09-04


CoMPTRoIIKRs OFFICE Cry NEW YORK,
July 81, 1856. J
TO THE COMMON COUNCIL
This report intended to embrace the financial opera
tons OF the city government for twelve months,
mencing the LIST of july 1885, and extending to the LIST
July ls5ethus covering months of the year 1855
and the number Of months OF the year 1856.
The Comptroller has borrowed revenue bonds, since
The LIST OF January last the of SIS o4o Te5 antc
patton Of the which by law should be ready for coec
ton the LIST Of September from which the revenue
bonds will be reimbursed they fall due. The city has
paid oil, in the twelve months preceding LIST Of July
"a 600 OF the bonds OF 1855 $50 900 Of
these OF ls5e-thus paying 81 oo 600 OF this temporary
debt
The provisions OF the tax laws require about eight
months OF the calendar year before the taxes begin 10
come in and nine ten months before very large sums
are received hence the necessity OF using
10 anticipate large portion OF the 81 ~ watch
Will begin TO come INTO the treasury september and
considerable portion OF which will be realized by the
payment OF taxes during the calendar ear AT the close
OF the year 1885, there 81 col TO 20 OF
sum levied in the preceding July.
The current expenses Of the calendar year Of 1855
when the year closes, Will hsye been paid by ABOUT
So Ot0 procured by the issue OF Revenue bonds
before stated ara 81 coo eco derived from the pay
ment OF IaXes.
Besides the payments account Of the expenses Of
the city Of 81 ls5637 81 there the follow
ing sums, which are derived nom TAXATION, viz:
schools for state PA Isl y
10 pay debt To- nGieus 'au SOCK ..''...'' $1,000 ~
ies - - 80 80 ~
census Of 800 4 ~ "
The following il the wboc amount sso ,a exsea y
lures for six uouihs OF the wear 1856 from Juy 70
December 81 and six months Of he wear 1856 from
January / to july
FOR SIX mon tns Of 1855 ...... $1,000. 81 5s- 0lS 81
For six months OF lssS...............2 52l 20
Total 49,. ....... 8, rsa53- Al
The total sum which has passed through the CIV Trea
sury on acc, mi of trust luncs or the twelve onths
preceding the lst OF July ls5o including the sum paid
on the Central PARK amounts to 81 "a ,iT3 70
Being for six months 81 1855 ..... So 3-s 81. sS
And for six raontns Of 1853 ......... "a, g4S s6
Total for twelve months ...-...... al Dc IA ~
The receipts and expenditure for the city govern ueut
Including TRUST funds foe twelve rneaths precaing
Tu'y 1, is56 are AZ 1olows.-
FxDenatur, ) - sl5 427 oil 81
Receipis 49,. . I, sd 500 II
Excess Of ex seuditures ............ s562 2Ol 70
iycsvAsg o. TAxAro>
whlst the increase OF the civ NAV be referred 10 "a
a unsuitable cause for considerable lacrosse Of taxa
ton Is il sufficient 10 rsuy an Of ore than two
millions of collars In the snort period f-onI 1883 10
lsses The ,evy Of 1859 was based mainly o1 the expen
tures OF 1852 included S742 for arrearages OF
1852 The YAuatons comparing 1858 with 1856 are as
follows
1886. Ssl3 sSs,2as -
1855. +lo,oJl osz ~
increase Of valuaNon.s- ~
The increase OF the valuation Of tue property
of the city and county, comparing 1888 1856,
taxatson eomterire the me ears i. abont 40 Der
cent