New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-01-24
CONTROLLER WEMPLE'S REPORT.
RECEIPTS AND EXPENDITURES - THE STATE

RECEIPTS AND EXPENDITURES - THE STATE
DEFAMATION
Albany, JAM 23.-The annual report Of Controller
wemple says in part:
sources during the last hsca year the sum OF slo-
81 OO2 o. There was paid therefronl for all pas'
The canal debt sinking fund upon september 80 lsSoi
contained securities and cash to the amour. oi
snritie, therefore, held in this department in trust
for said funds, upon september 80, le5O, was sig-
Tniied states deposit fund is s4,OI4.520 Il. Tho
amount thereof in the hands OF the County Sommils
amount thereof in the custody of this department Is
23l2ls 80. of which the sum of S'S3o4 10 Is In
In nv report made last year It was estimated that
the actual surplus in the Treasury upon september so
shown by this report to be 81 .567 29 81, exceeding
the estimate by the sum OF SI16.Os4 b. THIS large
difference is made up by the excess OF receipts over
estimates from state prisons from earnings and from
materials ds posed Of corporation taxes coilaterai l
and sailors Home, and from lapsed appropriations.
This surplus however will probably be affected 70 the
extent Of 100000 by claims presented tor adjust
ment under the provisions of Chapter 4o3 and Ao''
Laws of 1859.
For the current year the State tax is s12557 3o2 "a
the rate being three and ffty-two NILS T
and the valuation of property @3,ooI ,12vio'. Ing
tax to be devoted as follows:
Canals. including canal debt...-.. 9'99s ~
General purposes ofo'ofI o'
sI2, 557 ,352 a
The total expenditure, State and local. for the main.
tenance Of schools in the state for the last nscai year
was the liberal sum of $l6,601,l 7o "a.
setting aside the principal of the general fund debi
for Indian annuires, which amounts 10 Du. ,he sum ~
80 1889 So 65216O of which the sum OF Soooooo Is
the amount outstanding OF the debt creael 10. pay
ment of the Niagara reservation awards IN 1902 ana
natures at the rate of 100000 each year. Inc ~
manning s8O52, 100 is the balance OF The canal deDt
Which natures I'm october, 1893, and which has been
reduced during the last fiscal year by the purchase ana
cancellation of state stock to the amount OF S9ooOo
The net debt at the close of the last two fiscal years
was as follows: ~ .. m ,ooo
sDts 90 e 1888 90 SEPT sS ss 90 1873 sss %
SINKING TId fund 1915 209 80 i4eo,e25 80
~. doh, 80 7oj,s7O 81 s21sS, 534 co
The net debt OF the state being the sum not yet
nrovided for by the Sinking Fund, is only about one
Sixteenth OF one per of the entire states valuation
lot 'f Wish aen to suggest the importance of the enact
ment OF some fair and just law providing or taxing
To- me 10 he demanded in the interests OF the people,
and Tor iust distribution Of the burdens Of taxation;
his Slate does not bear its equitable and fair share OF
taxation The real estate IS continually overburdened
w9e ReTSC OF ab In this respect taxing W
tenn is gIarngly defective and needs reforming
Equality should be e Se p sS p o peo
In this State for purposes OF taxation ior te year 1888
was
Real si21 ooo vs.
ro,o, 20, 10 .1sesls
The assessed valuation Of the same the year 1889
Real 52isii.'i
Total 90 5S7. s:e7s7
This shows an increase in one year, on
Rel state ................... 500 ~ 7
Personal estate. 'f"'""
ro,., ..... ses seq ,sii
The total assessed valuation Of the personal prop
erty OF the state for the year 1869 xt4l0sI olo
showing decrease in twenty years of So7,'2''3oo'