New-York tribune., 1878-03-29

| Aldermen
The law OF 1873 authorizing the Board Of supervisors
Seciences in the actual product taxes should be
changed by imposing the duty upon the M ded in
stead OF the Supervisors he is The officer who Is best
qualified BY on the 5 nsSn Containing % pro
vision for this purpose Is DOW peDdihs III ene 'e''
| REVENUE BONDS.
The fourth clause of the first resolution calls Tor
statement OF the OF revenue bonds OF the CITY
outstanding at the close OF the years 1876 and 1871 he
OF revenue bonds issued and the amount OF
such bonds paid during the year lSIS. ,,... .,o.
The amount OF bonds outstanding ut the close
I OF the years 1875 and 1877 was as follows:
December g. 1879 sGdgi,sdii n9i,sdi % %
Since January l. 1878. revenue bonds have been ssed
amounting 800 and during the same uine rev.
bonds OF 1877 have been paid of to the amount OF
| SI.O45,50O.
| The following table shows the amount OF revenue
bonds outstanding at the close of each year Of the last
five years. called for in the second clause OF the sec
| 0nd resolution:
1879 Dec 81 sio44ss7s 20 1915 Dec 81 ssdo,stt 81 81
1873 1875 Dec Dec g.: 81 4i2SS9 s. 1914 O'' '''
The bonds outstanding the close OF 1S73 under the
bonds issued in anilcpatiSn Of taxes large part q
them bonds authorized by chapters D. 20 ana 80
S Conns OF due IN January is72 aud the
| claims and deficiencies audited and allowed by the
chapter O. They were entitled revenue bonos " by the
law but funded in 1874 as consolidated stock"
the anonnt of S,2S2.900 by authority Of chapters
| 444, laws of 1872, and 756. laws OF 1873
has been shown IN preceding table that the pnpaid
taxes December 81 1877, amount TO Sl3lOlolO so,
forming fund sufficient 10 pay the revenue bonds out
standing at that date and also provide for all Liabilities
account Of tue appropriations Tor whlch the taxes re-
main unpaid were levied.
Al this point, Controller Kelly condemns post legisla-
the relief of by reduction OF the
rate OF interest upon arrears OF taxes and by eXtenos
the time OF payment lie says tnat TINS LEGISLATION @ mas
positive effect Of preventing tax sales since 1874 Thus
unpaid taxes have accumulated since 1870 rendering II
necessary TO carry larger amount of outstandns rev
bonds from one year TO another to cover the dell
cheney in receipts from taxes
| CASH BALANCES IN THE TREASURY.
The balances in the City Treasury, called for by the
| resolutions, are follows:
1877 Dec SO 1873 Feb 2s 1922 & 5tS l6
1878 Jan. 81. 4s50lS 90 1873. March g. 16s26O 40
These balances moneys available Tor the Ordinary
expenses of the City Government and exclusive of the
cash balances at the same time belonging to the SINKING
| fund.
| TRANSFERS OF APPROPRIATIONS.
The total amount of transfers of appropriations made
by the Board of Estimate and Appor,onncft in each
year since April 30 1873 when the board was consti-
tuted, is follows:
ls7s...... s27s9o7 = 1s7e........s ss5l 2Sy 80 80
1s74 49, = 3 2s ls75 90 -
The authority for making transfers OF appropriations
IA conferred upon the Board of Estimate and Apporon-
meut by provisions of law The power has been exer-
csed only when deemed actually necessary In the inter
& eis OF @ tue Gy ana Cp nf by the several
ments. In my opinion, the Controller say
|
for all expenditures incurred and chargeable against
| them, should lapse" , =.
The nOuly IA made in the sixth clause OF the first
resolution whether any bonds OF the city were issued
to meet provide for such Transfers ana II SO lhe
amount of the same. and those still outstanding or un-
paid" -, ,
No bouds issued TO provide for such transiers
There no difference, In fact, between utexpended
balances Of appropriations ana current annual appro-
priaons, far the provision 10 meet them Is CON
cerned they paid from moneys in the CITY treasury
on account of the annual appropriations. which are
probable from the Of the general fund and tax
alton.
AMOUNTS PAID TO TIE POLICE DEPARTMENT.
The fourth clause OF the second resolution calls FOR
detailed statement OF the amount paid to the Police De-
parnent in each Of the last five years, and also the
amount OF unexpended balances returned 10 the City
Treasury by that department. The amount paid 10 the
| Police Department on annual appropriations Gy inc
Board OF Estimate and ApportiOnment Is ~ follows: