Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-10-08
Leaving a margin for fu-
ture Issues il ne eded Of
S 1892 90

| Which margin we recommend be not
| trenched upon, as we deem it bad policy
| 10 issue bonds 10 the full limit allowed by
the charter, lest some unforeseen contin-
| gency might arise and the credit of the
city suffer by reason of its inability to
raise necessary funds, when by using the
| privilege OF issuing said bonds the ener-
gency can be tided over.
We recommend, in order to save the
immense amount of work that will be
eutailed on the assessor ana collector by
reason of having to make many thou
sands of calculations and the consequent
delay in completing the books in case
any of the taxes for the various funds
have fractions OF cents in the rates levied
for said funds, that the said 20 per
$500 be apportionsd Us follows:
School Fund. thirteen cents. 3 cts);s q, 635 6S
INTEREST AND linking FUND.
First Series, eight cents, Is cts.).... 1906 81
Second series, seven cents, G. CTS. )... II $50 20
Third Series, six cents. e cts. L, 7J4 90
Fourth Series, two tents q cts. ..... 4, Z5l 81
tIttn series, Jour cents, q cts ...... sos ~
Building Fund seven cents, e cts. -. II ssJ 10
General Fund, Gncluding SIS, OO0 emer-
gency fund, sixty-thrse cents. .133, 916 IS
Proof, ST. 25S 25 by 81. Is on the 500, 2 459 Al
report, and further aud fully investi-
eating the purposes for which he public
building fund has heretofore been used,
we are of the opinion that the emergency
fund can be applied to the same purposes
We therefore withdraw our recommenda-
ton 10 levy seven cents on the 500 for
said fund. and in lieu of the total rate Of
Sill on the 500, hereinbefore recon-
mended, we recommend that said rate
be made 81 .0S on the 500, divided out
as hereinbefore set out, except that no
levy be made for said building fund.
This reduction will lower the total taxes
to 1929 5SS.72, instead of S245, 4G9 Al.
The auditors report herewith shows
the items Of the $500 pes month for thir-
teen months, estimated rs expenses 70
be paid out of general funds, making
Sl06 600, included in our foregoing esti-
mate of amount to be raised by taxation.
Attention is called to this information as
il was inadvertently not itemiZed in pre-
pairing this report, and the council may
desire to know the items thereof.
Your committee incid sntally calls atten-
ton to the large amount of unpaid street
Improvement taxss-Sl9 ,63l.S7 due the
city-to pay which the property of the
delnquents has never been sold; and
also TO the sum of taxes and interest due
on lands sold To the city. This last
amount aggregates S2l ,l63. ga large
amount OF which is owed by those who
are amply able TO pay, but who will not
do so so long as the city will only charge
8 per cent. iuterest on the debt. We
recommend that this matter be referred
to the city attorney TO see IL by doubling
the amounts of taxes and costa for W bich
said property was sold, the deliuquents
may not be forced to settle. As the mat
ter now stands it is great burden to
those who DO pay their taxes, and GER
tainly some effort should be made to
lessen said large amounts. The lists of
the delinquents are in the hands OF your
committee, and will be submitted shortly
TO the council.
THOMAS P. MARTIN,
Chairman,
JESSE JONES,
GEORGE MES,
Finance Committee.
Received aud filed without discussion.
The claims committee reported claims
amounting to S26, l57. II, the principal
items of " hlch are: