The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1891-02-07
City FINANCES.
Annual Reports of the Comp
troller and Sinking
Fund Commissioners.
HOW THE TAXES COME AND GO.
Progress in Debt Reduction-Vari-
Gus Receipts from Special
Funds and Liquor Licenses.

Comptroller George X. Hough has pre-
pared his annual report and filed it with
the clerk Of the Board of Finance. The
report covers the fiscal year, ending No
vember 80. 1890. and also embraces a
statement showing the financial condi-
tiou Of the city ou December l. 1890,
During the year s997. 900 of bonds were
paid off, making the total amount of
bonds paid since the New Charter went
into operation TO December l, 1890. s2,27l.-
COO OF the bonds paid last year $685., 900
were z per cent. soldiers county bonds.
due April l. 1890; S41 900 were of the same
description. due May l. 1890; $94 600 were
41-2 per cent. tax arrearage bonds due on
demand; 500, 600 we're per cent. bonds
of the same description, aud $306 900 1-2
per cent. temporary loan bonds account
of taxes of 1889. due on demand.
LIABILITIES.
The total liabilities, except water ac-
count, of the city for the year were
SIC. .48l ,9s5 as compared with S17,002, ,326. 81
the year before, being a decrease of
S52O.34 l.9l, while the total resources, ex-
caDt water account amounted to Sl2, 529,-
234.97 as to <12, 10S, 1851, decrease of
S25s. 92U.54- The net debt of the city, ex-
cept water account. was So S52, 03 as
compared with S420i, Ill 90 the year be-
fore, being decrease of S251, ,421.57.
kECElFIS.
The total receipts of the general ac-
count through the year from all sources
amounted 10 So, 679, ,944.2i. OF this amount
$606, ,3l2 80 was in the treasury at the be-
ginning OF the year and 81. .653, ,463. 90 was
received from taxes, adjusted taxes and
interest on taxes; s26, 6,4l605, including
s. ,253 95 District Court fees, came from
'srlons small accounts, such as rents for
the Morgan street dock and other
ciey property; s2l5 765.64 was
on account of railroad moneys.
Debts of the Board of Public Works of
1881 aud lsss for the reconstruction of
sree's and sewers were paid with 1893 70
of this amount; of the Alder men If 1886
anu 1881 tor public grounds and buildings
with $40 80. The Board of Street aud
Water commissioners nf 1883 and 1889
spent s., ,947.42 of 1t; the Board of Aid
ermen Of the same year, 1851 Is; the
Police Commissioners, SEQ. 2f2 SO; the
Fire Commissioners, 0,44064; the
Board of Education, $22 1872 "A,
and the Board of Finance
and Taxation, So, ,Ss1.4S The Street an
Water Commissioners for the years 1889
aud 1890 spent s16. 6.479 61 of this general
account, of which $50. .605.52 went for
cleaning streets and removing garbage.
The Board of Aldermen of
Commissioners, $685.. s45 81; the Fire Com
missioners. 500, 80, including 81, ,4s7 so
for new truck and 81, ,470 for q
new chemical engine: the Board of Edu-
eattoqspent $264, ,873 6l; the Tax Com mis-
sfoners, sl3. %. and the Board of FL
nance, Ssl. 1872 70, of which s.. 76S 60 were
for legal expenses and Judgments. Spec
1ai appropriations amounting TO S77, ass. Is
and sundry small accounts amounting TO
SOS, 00s. % were also paid out OF the general
account. The sinking fund Of
of 1889 aud Is 70, $50 600; $56S, ,053. 60 went
Ior county Ia es OF 1855 and 1889; S719 $50
was paid for l. terest on the bonded debt
and s1s0,00o on water account loan.
PAYMENTS.
The total amount paid for warrants is
sued through the year and outstanding
as So, 702. .3S7 S3. There were other pay
ments amounting to $685., ,S97.31 for re-
demption of lots. and payment OF tenn
porary loans, makingithe total payments
S, ,098, 2s4 81, and leaving 1851 659 81 in the
treasury to the credit of the general ac
count
ASSESSMENT ACCOUNT.
The receipts of the assessment account,
including $3l .s43. 81 in the treasury at the
beginning Of the year, were $500, $40. SS,
the expenditures were 1888. .955 SO, leaving
a balance on hand of s86, ,4l49 81. The
special general account took 1886, $50. 40,
Including sl6,550.S5 In ths treas
ury at the beginning of the
year. This fund is derived from
he funds of former years to pay county
b 'nds and interest on various bonds; de-
posts aud payments account sale of prop
ery for adjusted taxes, &c., which last
year amounted to $24S, 657 35 OF this
fIud $e3l 1852. 10 was paid out for interest
small sundry accounts, leaving balance
in the treasury OF S., 294 25 10 the credit of
special general account.
STREETS.
The special street account received
Sl15.624 50 from liquor licenses, and had
80 RAJ 3Q ranpininy of from 1aa
this, SAG. 7s6 80 was spent on improving
the streets. aad 81. 355. .33 were paid on out
stand n warrants of 1891, and So, 400 10 on
outstanding warrants OF 1890 This total
Expenditure was s147. ~. 80 and there is
$40 $50 20 in the treasury 10 The credit of
special street account.
SCHOOLS
The special school account received S57,-
Si2. g of the license fees and had $50, 600
on hand at the beginning of the year,
making total Of Sl07,s12.2S. There was
spent OF this SIS. 80; for wing to school
No. 4. 81, Alb 80; for land for school No 23
S. 624; for land for Sosool No. "a, So O30. 60;
and Tor furniture for the various schools,
leaving on hand balance OF $50, ,534. A.
LIQUOR LICENSE.
The total receipts OF the liquor license
account were 1882, ,053.97, including S14,055
carried over from the previous year. The
Sinking Fund received s57, ,Sl2. %. and the
special school and streets accounts the
bdtdHCc e4Copt $sos.So IS1udtulLA III Lue |
treasury.
SURPLUS.
The surplus account began the year |
with balance of 81. .S47 80 TO its credit. |
aud received from safes for adjusted |
taxes, or in excess or city levies, S42, Az SO, |
making total of S44, 4,2S9.91 Oat of this |
fund 2O,Ol4 % was paid account of sur |
plus received at sundry sales, leaving a |
balance on hand OF 81, ,275 38.
The adjusted liens accounts received |
$751;, ,540. 81, and paid out $3.50, ,246. 40, leav-
ing balance in the treasury TO its credit |
of $42 502. So. The bonded debt of the city |
is:-Generai, 81. 163. .23V 35; assessment. |
IS 473 500. Total, Sl2, ,636, 739 35 The tenn |
porary loans are banks aud others, takes |
OF 1888. s430. 000) banks and other taxes. |
1889. S50O,00O Total. $3.50 600 The un, |
paid taxes amount to S. l4s, ,410. 10, and the |
unpaid assessments 10 81 3S4, ,564 IS: a /
total OF s., 532, ,y74 As
WATER.
The water debt amounts TO IS, ,0S5 900. !
including s299, 900 of temporary loans. /
The water debt the year previous was 4
So, ,0Sj, 900. an increase this year of $55, 600, |
which is in the temporary loan account. |
The improvement certificates outstand- |
ing amount 10 $4,000
SINKING FUND FACTS.
Salient Features of the Commissioners