The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1875-07-23

THE RATE FOR THE YEAR ZJ4-AEkTINo OF
THE BOARD OF SUPERVISORS REPORT OF
THE FINANCE NEUTRALITY-SUSPICIOUS. FUn-
ROY AS AN ECONOMIST.
The Board OF Supervisors met yesterday after
noon in the chamber OF the Board OF Aldermen
ana passed the tax levy for the year. Supervisor
Lewis occupied the chair. After calling the meet
ing to order the Chairman announced that the
consideration OF the tax levy was in order.
Supervisor Gross, Chairman OF the Committee
on Finance. read the report the tax lists or the
county OF New York, giving statistical data OF the
taxation IN previous years and showing the
gradual growth which has led to our present tax
levy. The report recommended that the tax levy
DE at the rate OF 2.97 on personal and real prop
erty. The re Tort was read as folIows:-
REPORT OF THE FINANCE COMMITTEE.
The Committee on Finance, TO whom were re-
ferred the assessments on the real and personal
property IN the CITY OF New York Tor the year
1876, as made by the Commissioners OF Taxes and
Assessments, ana also the appropriations or The
Board OF Estimate and Apportionment for the
purposes OF the city government during the same
The customary ordinance TO enable the Board Of
SUPERVISORS under the provisions OF the law, 10
raise, levy aud collect the necessary amount re-
CURED Tor the city govern ment, the payment OF
interest and principal railing due on Inc city debt
ana the quota OF the State tax lor the current
wear beg leave to accompany their report with a
brief statement In explanation or the causes act
Ing on their decision and iorclng on them the
namely So % on every dollar OF she assessed real
ano personal estate, instead OF 81 49, which
was In 1874
The assessed value of real estate was:-
In Sssi S5 9 e9S
The assessed value OF personal estate was:-
In ...,. 2i1.So75i
In other words, the assessments on real estate
spe esae s55s ~ lower in 1873 than ia the
preceding year, making the total valuation lor
1875 81, .6ss, against 81 !54 229 l1o IN lSI4
The falling OF In valuation to the amount given
was caused by the purging OF the rolls OF all as
sessments which were lound by the Commission.
or Taxes and Assessments uncollected, ana
TO all appearances ucollecthole.
Thus, By recurrence 10 said rolls it will be
found that in 1872 the uncollected tax was
s14S7,7 oe 49, representing SOL, 2s2 52s; III 1879,
$1O99,634 IA, representing s439S5, 500 and Ia ls14
assessed value. For this assessed value, repre-
sentng the uncoliected city taXes, the CITY, our
ing the last ten years n IRON 1850 70 800 600
Inns unreasonable burden, caused by The reten-
ton on the rolls OF unproductive values, tue TAX
Commissioners have very properly wiped out to
an extent warranted by past experience.
An additional amount Of personal property
IRON the roll In consequence OF judicial decisions.
From the late report OF the Tax Commissioners
the specified cases and exacS figures can be
learned
Owing to this largo amount OF unsolicited taxes
provision in the next following tax eyy had 10 be
made adding IN that proportion to the regular
annual appropriations. For tne last I'VE Years
this deficiency has been $1,000, 900 and more per
annun, all OF which had TO be added TO he next
coming estimate OF expenditure, save the de-
Quoted amount OF uneXpended balances from the
Tne amount recommended by your committee
10 be added to the appropriations made by the
late Board OF Estimate ana Appointment IN
order " cover forthcoming deficiencies In the
collection OF $32 lTl,472 rs, $526,555 g. making
the total amount to be leviel and collected
Tor the purposes OF the city government during
the current year $32 $685. OH SO, which Is less by
SASS 58s SO than the law authorizes you to raise
BY levyng the real and personal property.
Your committee, on close examination have
found the limits of the tax rate. within which It
seemed jud1cioHs to move, TO be from 29o TO 29S
and they decided to recommend 60 you the mid
die between the two eXtremes-namely, 2.9I, as
IT, owing to considerable falling of In tae
amount OF uncollected tax and 70 presumable un-
expended balances OF appropriations, 1t should be
sscertaaed. at the close OF the fiscal year, that
the foregoing $S2, 027 SO have been amply suf-
hcient TO meet all ordinary requirements OF the
city government, and that the customary def
inture is gained, the conscientious application OF
/ whiou must be followed by constant iessenlhg OF
the com mlttee recomlaend the adoption OF this.
their report, together win the appended ordi-
| nance.
| Some discussion ensueo on Tue EARTHQUAKES OF
Supervisor Purroy offered an amendment pro-
posing to alter the item OF 1926 900 o. Ior contin-
gencies, In tse report, by iRsertiog $le6,272 90.
! Supervisor g oss opposed the motion and said
| he thought 1t was Impossible to make up den-
| ciencies unless this were DONE
| The amendment TO strike out s528, eos GO was
! carried by IL to I.
! Supervisor Vance moved TO insert $416,461 20 10
! its place. as he believed the treasury would be
| crippled II they did not
/ Supervisor Purroy opposed il on the ground
! that 1t would increase tne rate OF the tax levy.
| The amendment was lost on the same vote.
Alderman Billings proposed that the sum OF
/ 1896, 1886 80 be fixed as the one which should be
/ placed on the levy for contingencies, which would
/ make the rate 81 90.
| Alderman rurroy still insisted there would be
! no necessity for any such sum, and tnat none OF
| the extraordinary requirements OF last year
I would come In play, and he still held that
slq6,272 81, which would make the rate 81 "a, was
! quite enough.
| vote was taken on this original amendment
| TO the report, and 1t was carried Dy vote OF l3
! 70 g. the report itself being adopted. This makes
The tax levy for the year at the rate OF So % on
Ihe 500, instead OF 81 81, as originally proposed
! The tax levy was passed at twenty-elght min
| utes past TWO O'Clock, which time was noted ac-
| cording to law.
Tue Board OF Supervisors then merged into the
! Board OF Aldermen.
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