The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-11-29

IN lhe whole amount so 10 be raised by taxslon al.
tbory Conferred upon the Board Of Supervisors by
Dg to levy for purposes included in the fore
going ~ the amount OF 81 6l6 co. leaving to
bc pfovoeo for by SPECIAL Jaw the sum Of $577 $40
The subject OF DIVIDING funds for paying the State
tA1-s carrying the government the appro-
psah0bs Of the present year exhausted and before
taxes has rept aeoy been presented by for the
eSderatn Of your honorable body
The existing (sec o. chap 500, Of the laws Of 1850
provides that no money shall be drasn from the reasu
~ except the shall have been previously appropri
ated The purpose for which it s drawn expense
shall b. incurred, whether shall have been ordered by
The Board or not unless an money then
The treasury sufficient 70 cover such expense shall have
been previously maoe''
be drawn unless appropriation has been
nSe the money for the particular purpose Is actual
~ NJ the treasury when drawn for. The qnesAon, there
fore, II how shall the money be raisedf
am unable 10 suggest any other plan than the one
adoed in relation 10 the expenditures Of the city
nent TO w.t. TO borrow the amount required
nue. bonos to be repaid from the yearly taxes when col
ecsed Such bonds might be distinguished and knowa
"county revenue bonds,' and be OF the general
form the bonds OF the corpora of city
that is 10 say, be signed by the Comptroller counter
signed by the Mayor, and scaled with the OF the
Board with the usual st,estation by the Clerk
Although the title 70 the public property within the City
ana county Of New York is vested the Mayor Aldermen
and fommonaty OF sad city, thus ahording tangible
for Of oans contracted the city gov
erBment hardly DO doubted that such county reve-
bonds If authorized by the Legislature being secured
by pIeoge Of the upon which they based and
Aho, OF the faith Of the county government would
and The confidence OF the various savings institutions
and capitalists no have long been in the habit Of investing
tioa
Ikave therefore, inserted in the list Of proposed appro
pratoDr item for nterest loans" and also pro-
vded in the ordinance for the redemption Of such loans
- may be 30 contracted during the year.
m case the change rs made, which has been recon-
menoeo N the time Of completing the valuations of pro
perry by the Commissioners or Taxes and Assessments
ma commencing the collection Of taxes the amount Of
money necessary 70 be borrowed In anticipation OF uch
aao the amount OF taxes imposed for the pay
nens o. interest on loans, will be materially reduced.
dououeas we'll known 10 your honorable body that
has formerly been practice TO lew taxes every wear
r just the amount Of the annual appropriations The
Dciehc'cs Id be means 10 such appropriations caused
by over valuations Of property and the atalemens
rcmitsions and corrections in amount Of taxes con
stsnfiy being made both by the Board oi SUPER
and she Common Council, also the non colectdn OF DER
scna taxes together amounting large sum anuualiv
have been unprov.ded for and the svrreyse of sr
de0ciaucies which has been increasing from yoar IN
year. has at length become very formidable Il l. es,i
mated that the Losses 20 the treasury from cascs re-
fcrred 70 have averaged 81 per cent the amoant ~
taxes levied in each year. aud had been the prac
ce which has TO some extent obtained, to merge por.
year into common fund, the Treasury would long a.nce
have become bankrupt.
Now that the fiscal sairr Of the county have by law
be- separated from those OF the city, favorable oppor
tupiy Ia afforded for the Introduction Of system off
fercnt from the long pa rsued and 1t Is there
sore recommended that provision be made In the tax
levy for 1860 for the probable lAsses growing out Of
abateme1ta &C which estimated II 81 per cont on
<he amount Of the tax levied for said year
~ Nc noICeu IaAt the Gfalt VI " nav Auluo-
rzng the ievying Of tax for the amount required
While contains the usual restriction h respect TO the
for which the moneys 90 rasa shall DO ap
phed also provides that whenever original appro-
Sanon shall fall short during the year. there shall
e necessity for additional for thAt particular
the Supervisors, upon the indston OF
comptroller 70 that effect are empowered TO autho-
49, transfer from some existng appropriation whero
Ssn may be surpus excess. his provA ion IL
ssr ooth proper and necessary to guard "A anst
ss,. arising from under estimates IN the
~ original appropriations, and also 10 prevent tho
ho.e~s o. illegal debts for necessary supplies whi'
..vss. strongly resised and notwithstanding their ir-
20 Ia nsd n ha has demonstrated generally have
800" ,h .ne foregoing estimates the Comptroller
S w. scrutiny Of the supsrvpors TO the an.
~ ,.Sns is emens OF the various county officers
Ino HOOK Tor the abatement on anv
pa X in d
nd reasonable expectations in ths reuayd h s 9r J
sheerful operation Of this department NAV a. s &
Dc fully relied upon. " az unD
Respectfully eubmittej.
RoB1. I. HAws, Comptroller.
3ho Board then proceeded to make some amendments