New-York daily tribune., 1857-09-29
city FINANCES.
Ssmi Annual Report Of the Controller,
SHOWING TIE
RECEIPTS AND EXPENDITURES
sy esvemnent, from July 1856, TO June 80, 1887.
DE,AHrnrsr OF FrsAucr, CosrAor4rR.l
OF TIE

ovuoE, CRY oy Nrw-YoRx, July 81, 1857.
To kAe Co CouRca.
The thirty fourth section OF the charter Of 1857 pro-
viSes % follows:
sac y shall be the dq.y Of the Controlsr 10 pushAa
sw months before the annual election Of toe charter ocer' In
YoA fsn md de:aed smeDt of the fscsVts sIpeni
IN sS .. ssss sS
SesA ustement the different Of siy revenue and tho
), he csSssn counod II. oec for Which The ..@e were
ssS sA the amount ef expended under esch the
- Il ssSsr whes ssA issa ~.s made md ,Ss i.rn. on
.h.S =. same obtained siA be clearly and pseuIsr,
1hs report Ia intended to embYs the financial ope.
Sstioss 81 the City Government for twelve mouths,
eoaDcIeDg the FIRST Of July, 1856, aud extending
. the e,t OF July, lS51 thus covering six months Of
- year 1856 and the number Of months Of the
yeas 1857.
The financial operations of the City Government
nAy bs elsssi6ed ~ follows:
The ordinary expenditures for The support Of the
Chy Government, which are paid almost entirely by
- annual tax.
q Tho receipts and expenditures on account Of the
City Debt. !s.se embrace the revenue arising from
waller rents Of the Croton Aqueduct and all revenues
fIsn the rents Of piers markets. and public property
81 every description, with interest on mortgages for
sAles of real estate, &c.
ents, and awards In opening streets, public places,
AA. These are the awards and assessments made by
Cs0Dniorers appointed for the purpose by the Su-
eseme Court, and which are confirmed by the Court.
"6Geste Opening"
4. Receipts and payments on sccoun. Of assessments
The property bolders for regulating grading &nd flag
Gisg streets, filing suDkep lots and fenclng those
vAich srs vicant Contracts for this work are made
1y he Street Department; payments are made from
Ge Treasury, and the expenses are levied on the
property holders, by Assessors In the Street Depart
melt Accounts under these different heads
pad from the appropriation for streets Paving"
BY section "A Of the Charter Of 1857, the Croon Aque
ASct BsAd have charge Of all "paviIg, repsving and
o. properly benefited paid from the appropriation
81 Ssreeb PsviDg," and where the paving is done
BY the city, payment is made by taxation. Tue re-
palm 70 Pspements paid from the appropriation Of
"Suset Expenses and Psving."
5. The receipts and expenditures for the construc-
6an II sewers The Croton Aqueduct Board, b. the
st. chap 3S3, of the laws of lS49 is empo wered to
nAks all contracts for the construction Of sewers.
TIE expense s provided for by assess neDt on the
Prspey benefited by the construction Of the sewer.
1he present year there il distir ct appropriation Of
100000 for this object, and accounts have been
Spesed with each sewer contracted for. Heretofore
DayDspts for sewers have been made from the ap
lropristion in the Street Department for "Street
Paving"
6. The receipts and payments on account Of Rsve-
nue Bonds. Reveuue Bonds are issued, and a tenn
porary debt is thus created in anticipation of the
revenue derived from the annual taxes This mode
~ supporting the Government by borrowing until the
ta1es can be collected, is provided for in each Ord
nasss making the annual appropriation, as follows:
"TAe Coatroler hereby authorized borrow from ne
b ms On the credit the Cooperation ia anticipation Of it,
sevessss exceed IN amount such revenues such
sns necessary meet ex udtuYes under the
o0y1cpriatVns ior the current year."
Us6er this ordinance, the Controller has borrowed,
% Revenue Bonds since the rst of January last, the
Gn sf a. l29 $50 In anticipation Of the tax which, by
nv, sAould be ready for collection on the first Of
September, and from which the Revenue Bonds will
ke reimbursed ss they fall DUE
N any one year, 10 the revenues of that year. The
SAhty-thifd section Of the Ch srter is as folows:
"slc IS The Common Council shall NOT have authority to
bensw Of money whsever the credit OF the Cor
pssssn in anticipation OF the Of the year In
rhih such lea. shall Be made, sness authorized BY special
The Revenue Bonds are based on the revenue de-
siv.d hon the annual taxes aud hence the tax levy,
which amounts TO IS, O66 500 81, establishes very
broad basis for borrowing on Revenue Bonds.
The expenses Of the city proper, az shown in state
DsAt No. !, arc paid indscrminstsly from moneys
sbtained BY the issue OF Revenue Bonds, ard those
ss%iDg INTO the treasury from ta1SaSn. Sse The Con.
estmste for the support Of the Government for the
calendar year of 1857. The provisions OF the tax laws
require about eight months OF the calendar year before
thf tires begin TO come in, and nine or ten months
before vers large received hence the neces-
sly Il Rsin Revenue Bonds 10 anticipate large por
6ss sf the rs SU66 566 81, which will begin to into
Ne treasury In September, and considerable portion
Of which wiz Lot be realized by the payment Of taxes
Aprpg the calendar year. AT the close Of the year
1856 there was in srrear the sum levied in the preced
hs July.
The current expenses OF the calendar year Of 1857,
when the year closes, will have been paid by about
g. $50 900 procured by the Issue Of Revenue Bonds as
before stated, and the resdse derived from the pay
Dent Of taxes.
1t is also necessary to look beyond the footpgs of
Statement No. for the extent Of the burdens annually
bo1e by the taxpayers. Beside payments ON ac-
count Of the expenses Of the City Government of
$ $50 "a as shown in tha table the folio wing gums
n addition, given In Statement No. as thrust
FADds," bot which sums are aso derived from taxa.
kss, viz:
Arho fxrE Efas. OQtx