New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-12-22
NO BORROWING THIS lEAR.
THE CONTROLLER FINDS BIG BALANCh
IN THE STATE TREASURY.
~v,rty s,.o coo ON HAND WHEN THE FISCAL
vr,p Closed on SEPTEMBER 3c-l'ARGE
yrcr,prs rRoM CORPORATION AND
,,rrES LAW TAXES.

.r,, ,rosrn on SEPTEMBER 3o-bARGE
RECEIPTS rRosi cCRPoHATIoN AND
RAINEs Law TAXES
Albany. Dec. 2lThe condition or the o,a'e ''
urv is a source CT great satls'acu'" ~ 90 80,
troIler lanes A. Roberts lie finds, on balancing MS
ho far me fiscal year ended on S'penoeT ~. lN"'
49,, .t.o "a , balance in the treasury OF A""o4t'
TIT, o,,ne.ss the Third year OF Controller topet'SS
,err, ard I. is he first year since ne mas sef'ed N
he has not be, n compelled TO Borrow money - pay
the exnerses OF the State Government r'ih ''''"''
| 70 the following February. when ire taN'S '"u'
the annual levy pour in Last year ne oo''o
So Jsl@o and the year nefo'e si''Vv'"' '",
IN ,he treasury a. present will enable ne CONF oe'
% carry tho S,a,e along without borrowing ho'iar
until the sll,5 $50. which is 20 b" ra'se' u'us' VIC
annual tax levy provided FOR by the las ~"s'''"
&c received in the spring The balance In ne treasury
on October /. 1895. exceeded the balance 81 NV
urv on October l. 1926. by @.3ls.%l. ~
TIE receipts FOR the lscal year endel Sep.e,'"e
var. go o2s 9S ard the payments were s-'''''i-o'
Tn. funded debt OF the Stale amounts ID 4 '2.'.'' W
yiied as follows: Canals. s,''os~: Adro''ach ~
s.sO COO Tn. money which VIII come 70 ''e n'a'0
Treasury under the levy for THIS year VIII ~
chde s9cl ZIG for the general fnnd' $,o'@'''' io'
schools 1889 10i for the maintenance ana op''a'.o"
y, rho sate canals and 81 S,l2 FOR Sta,e care OF IN
1890 ,, -...
rho axes received from corporations this year
amoured 70 S. iG 80 and in 1898 10 N>'"iS' an IN
crease this year OF s3os. So The amount paid rs or
qanlza.lcn tax by rev companies This year WAS ''''-
81 ard I'm 1866 $3.50 ssi showing an incr"is" o. '-i
oe- his wear Since Controller Roberts has oeeh III
office he has Increased tho number OF corpora'oHs
which nav tax to the State by 22is uru now t'ioi
cornorat.ons pay tax. This good showing mas Desn
accomplished by tho Controller, NEUTRALITY-SUSPICIOUS. wv
f,cr thai IN his term OF office more man -" On
n,v;n. ccrp5,atiOna have ceased 10 pay direct iAss
nj, ne state treasury. owing TO me dep.t ssoI "a
business and that taxes collected from Srea,, ma
io-i;y Of the other corporations were re-
1ceti bv rea Of the payment or smaiicr uNlu'"s
md ~. decline in va.ue or corporate properly =.
Tho amount Of m cney received under me iul"'li-
,ncr TAX law in the last year was sl.''o"'., AZ
goin,f e. 4 In 1885, decrease this year oi s-ou'-
30 This decrease however, is more IMAM met D! '
Increased CORPORA ton taxes The average noun y,
,ax maid bv e. ates in 1906 only S''o wnilc IN 10y.
r. was 5000 The largest tax paid by any estate MS
vow vas that paid By the Renwlck esa,e, OF New
York amounting 70 S3'" 49,. -i, o;,. o,,,
I, was estimated that the State would receive Only
q $50 GO under the Ralnes law but ControHe: hoD-
s. reports that the States share or me r'celp,s
under this law amounts 20 s396+U4 IN the Nsca
var Of 1896 there paid cut or the stare itaS.'!
"a 40 ia FOR rduca ,!oral purposes and sDeSfo i9r
state e,re of the insane and 'or various cna anlc
,rsti,utions The amour; spent on state SapIoi con-
s,ructon was Si4. sos a total OF E2E+,oz5 from
I've lime the building begun IN 1868 70 the p,essh
vaar T,he amount received under the new racing
avg IN the wear was $l24a while the rece'p's last
"a nnder Inc Ives Pool law were sll2,j2s.