New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-07
THE BUDGET FOR 1895.

THE BUDGET FOR 1895
The budget for 1895 as made in December
last amounted 20 SIG 1861 81. less the gen.
eral fund of S2,5OO.OOO. leaving net budget
OF S43996571 81 to be provided for. To this
amount must be added such DEFICIENCIES as the
Controller may certify to the Board Of Alder
men as necessary, and upon this total amount
of the valuation furnished by the Tax De-
partment the tax rate must be based. Last
year for the first time in the history OF the city,
the Controller certified the extent as by law pro-
vided Of per cent for deficiencies, which was
added to the budget and naturally increased the
tax rate.
With an increased budget Of expenditures.
shown In the budget for this year. and despite
the large increase in the valuations as shown by
the Tax Commissioners. lack o. proportionate
increase of total valuation of assessments would
result in an increased tax rate. 1nasmuch as
the amount Of the deficiencies to be added can
not he told until certified TO by the Controller
unless the full extent Of per cent is added. the
rate until then can only be estimated. In spite
Of the large increase Of valuations. as shown by
the Tax Commissioners, an increased tax rate
over that of 1895 may be expected. with the
valuations as herein given and the net budget.
as made by the Board OF Estimate ana APP
portionment on December 81. 1885. and the de-
fcienci.s omitted a tax rate OF about -oo-
would be shown
The increase in the real estate valuations is
larger than II has been for some years. Last
year the increase over 1894 was $5Z.9'o'S@V.
This wear the increase is $3.50 4SS or $o2. 49,
$50 over the increase Of 1895. No extended COM
parsons by wards and districts can be made o"-
ing 20 the substitution of new tax dlstric's or
sections for the old ward bourAaries Sections
and have been added this y,ar to Sections o.
and g. used last year Sections and Will be
used next year. and in 1898 Section VIII De IN
cluded. All of Manhattan Island will then De
assessed by tax sectors instead OF by waros
ASSESSMENT SECTIONS.
Section embraces the territory between Four
tenth and Forticth SITS from river to river; Sec
ton 4 the territory between Sixth-ave. and the
North River and Fortleth and Ninety-slxth s's''
Section takes In the territory between Sixth-
ave. and the East River and Fortieth and Ninety
sixth sts.: Section includes the area between
Lenox-ave and the Harlem River north or
Ninety -sxth-st, and Section the area pe'"ee"
Lenox-ave. and the Harlem River. and the North
River. and Ninety-sixth TO One-hundreoa"u
hfty-ffth sts Sections and Will include all Oh
the city south Of Fourteenth-st. DIVIDED py
Grand and Watts sts; Section will take IN all
Of the island north OF One hundred-and-hl'y-
ffth-st The north side will be divided into hVe
sections numbered from to 13 inclusive
The increase Of more than $15.5OO.OOo IN the
Tventy-fourth Ward is explained by the inc'u-
f In this years tax lists Of the newly an
} ed territory from Westminster County Inc
rext largest increase is in the fifth section, wh'c"
Is the old Nineteenth Ward. with the blocks De-
tween Eighty-sxth and Ninety SITS. east Vi
Central Park. The great number OF new pui'o-
ings erected in various parts Of the city nave
caused large additions to valuations notably !"
The First, Second. Third. Fifth Eighth. Fifteeh.n
I'D Seventeenth wards. and also within 'ns