The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-05-26
THE UITs or REFORM.
The Reduction Of Taxes Under Gov. samuel
J. Tiidcu's administration.

Gov. Tlden has vetoed Assembly bill
No. IA, entitled IAN act to authorize tax OF
three tenths OF mi per dollar OF valuation to
provide for deficiency in the sinking fund under
section 3 OF article OF the Constitution" In
his message the Governor says:
This bill authorizes tax % three tenths Of one mill
TO meet the deficiencies In the c, ma sinking funn IN
,,,!u,n TIE valuation ss near, a. can now be aseer
nsq me cp2r so zoe " me Of Iop
tax com I'M 1d on tnai yqlaai9n; would be t'l
qnsnt set wnich came into the ETecuivc eRamber on
wncn provides for paving II Sc tcnccnces without
ass Of T. sef n qoa r' 20 s s ss
provinces tor the completion cancellation Of pending
cation q ,i,ocoooo Of money ,yet uneIpendsd when
i :G%s ain Sg ioI res. ,s Ss
.omlng out and restoring It to the lawful depth Of
seo feet Toe Other was the subsequent use Of $500
which would facilitate and quicEen The transit Of the
Il should move on The levels. Xo doubt, measure 60
practical. so simple and economical would Lessen the
wee To- me navigation than ten millions expended In
,At,he very close Of the session. the Chairman OF the
Csnal COMMITTEE OF the Assembly, who had supported
,Shsmplsin. cane to me with the nformaion that me
IN the senate which had manli ppOsition these
measures The next beat use Of me rescued moneys
prepsre3 mixing TIA, eSsnss it VA. saop
ed fteen minutes before close ~ the Legislative
90 Tbs be isSes fgr 1874 were ~ mills on Valuation Of
SO viii ss % to S se ss
That You'd f pTodUce ssS, a.
Of edscias tie taxes 1879 To toy soss o.
1874 IL has been worked out notwithstanding an In
increase OF valuation applied TO system which makes
the assessors she real arbiters Of the OF the tax
years. and also notwithstanding saoooco is Included
for the Commissioners Of Emigration, which IL, In
Ell, CT. q loan.
The Governor saws the whole saving OF 1870, as
compared with 1874. allowing for the excuses
above mentioned. II 81 $50 1856. OF that sum $1,-
7l2,SS0 Ia In the diminished payments on debts.
All the residue, f6223,325, IN In real economies.
The application Of savings from former taxes
ana from the expenditures for which they were
levied IN the particulars mentioned. furnishes
$l,gi9,W the diminution OF certain canal ex-
penuitures furnishes $2SI2,6S0, and the retire nch
ment Of general expenses furnishes f2,0O1 7J3.
II thus appe RS that nearly eighty per cent. Of
the reduction OF EIGHT millions In State taxes
was directly produced by these economies. The
Governor concludes as follows:
In the time OF the State has been IN
for Se wear p oI e nS nsw
ton Of OO0Oo0 for the fresh construt tion will start
mnout any oi .ne arrears winch nave heretofore eh-
100000 for continuing the contradiction Of asylums
fully applied to the completion Of SPECIFIC portions 10
be brought Into use.
people may have me .aisfscion Of feeling that
out of tl6OOo0v0-t accomplished without improvi-
dence or the future or Temporary retrenchment which
have been kept clearly without the means provided
WI b or p no sss no e%e95 nSs u deot
A. has often and to large extent happened hitherto in
,s to ne eIgress commando Of the constu
that Instrument In respect TO the State finances.