The herald., 1896-09-01
TAX LEVY FOR |S96-9V
Rate Fixed by the Coun'
Gil at S!.3O
l REDUCTION OF FIFTEEN Gents
Every Dollar of Indebtedness
Provided For
SOME VERY CLOSE FIGURING
The Distribution of the Funds Among the
Various Departments
The Schools Very Literally Provided for In
the Apportlonment
The Draft Of the Boyle Heights Electric Fran
chiss Finally Agreed Upon and Advsr-
tlsad tnr 9ale-nene QOutiNo
Council Business
SOME VERY CLOSE FIGURING
The Distribution of the Funds Among the
Various Departments
The Schools Very Literally Provided for in
the Apportlonment

=
day fixed the tax levy for the year
1s9e-s7. making the rate S1.So on the
500, as against $1.45 last year. The
finance committee has been busy with
this work during almost the entire time
last week, and the report was not ready
until yesterday morning.
The city clerk, as clerk Of the board of
equalization. presented the FOLLOWING
report, as required by law, preliminary
to fixing the rate.
That he personally or by deputy at
tended upon all sessions of the honor
able board of equalization and in COM
pliance with the provisions of ordinance
No. 2S4S (new series) has recorded in
q book known as the record book of the
board of equalization all changes, cor
rections and orders made by the board,
and has entered upon the assessment
rolls all changes and corrections made
by the said board.
That the total amount of said as
sessment as altered and corrected by
said board of equalization amounts to
$52,254172, and in accordance with law
the clerk herewith delivers to the city
council the assessment rolls so cor
rected by the board of equalization,
accompanying the same with the affi-
davit required by law. and it will now
be the duty of the council to forthwith
fix the levy or rate per cent for taxes
levied for all municipal purposes for the
fiscal year 1861
On motion of President Teed, the re-
port was received, and referred to the
finance committee, with instructions
to at once prepare an ordinance fix
ing the tax levy for the year 1869.
The committee was evidently pre-
pared, for just before the noon recess
the following report was presented:
To the Honorable Council of the City
OF Los Angeles:-Gentlemen fl
nance committee to whom was referred
the report of the city clerk submitting
the tax rolls for the fiscal year 1S96-97
for the purpose of presenting tax
levy for saia year for your considera-
tion and approval, beg leave to report as
follows:
We find that the total assessed value
of all property as shown by the assess
nlent rolls amounts to 52,254, ,172. In
this amount is included the assessed
value of all property lying within the
territory recently annexed to the First
ward, which property is assessed at
$121 1.140
Under the law by virtue of which
this territory became part of the city
. the said property is exempt from tax
alton for the purpose of paying interest
and principal upon the bonded debt of
the city,, all of said debt having been
incurred before its annexation, and in
making the estimates for the payment
of principal and interest on the bonded
debt we have deducted such amount,
thus leaving a balance of $50, 1873, 032
as basis for the estimate.
The estimates presented by the city
auditor call for the sum of $78,020 for
interest and S76,21545 for principal, or
total of 1854 ,235.45 necessary to be
raised to carry the bonded indebtedness
for the year 1S96-97.
The levy presented by your commit
tee will produce a total amount of
1885, 1893 for this purpose, or S2163. 55 more
than is actually required but an amount
30 small and insignificant that your
committee do not feel warranted in rec
ommerding the odd rate which would
be necessary to produce the exact
amount called for by the auditors esti-
mate. In fixing upon the amounts to
be raised for the general funds of the
city, your committee found considerable
trouble.
While your committee recognize the de-
mands for increased appropriations for
various departments and the fact that
the recently annexed territory will re-
Quire much attention during the cur
rent year. yet the total amount which
can be raised for general purposes is
limited by the charter at 81 per $100 of
the assessed valuation and the gross
amount which can be raised is there
fore limited to $685., 2,541.72, which is but
q slight increase over the amount raised
during the past year.
In this connection we beg leave tC
call your attention to the fact that while
Q large area of territory has been an
nexed to the city at the south and west
which territory must be cared for dur
ing the current year, none of the prop
erty so annexed was liable for assess
ment for city purposes on the first OF
March, 1896, and hence does not enter
Tito the valuation upon which the levy
is based and the increased demands from
this source alone are largely in excess
of the increased amount of revenue de-
rived from the Increased assessed value
In apportioning the rate for genera
purposes, towit ofk1 per $1O0 of assessed
value to the various funds, your COM
mittee has endeavored to fix the severa
amounts SO that all departments will
have to bear just proportion of econo-
mizing, though the largest reductions
from department estimates have beer
made in those funds over which youl
honorable body has the direct control.
For the salary fund the sum of SIC, ,00(
is proposed, which is $4,000 less than the
amount levied for the last fiscal year
but this amount we believe will be am
pie for all requirements.
For the fire department fund we al.
lowed the sum of $4,000, which is large
reduction on the amount asked for b,
the board of fire commissioners. al.
though $4,000 in excess of the amount
allowed for 1856. This increase w,
believe Is none too large for the in
creased demands of this department
and Is made for the purpose of furnish
ing the funds to purchase and MAINTAIN
additional apparatus which Is demand
ed to properly protect the increased ter
TitOry of the city.
For the common school fund the sun
Of $4,000 is allowed, which is the sam.
amount allowed the department for tn,
last fiscal year and but s14, 500 less thar
- limit of - cents per 800 Of assessed