The herald., 1898-08-29
ANNUAL ESTIMATE
COMMITTEE WILL REPORT TO
COUNCIL THIS MORNING
SCHOOL BOARD GETS s1o5, 900
Police Department Given $4,000 for
Their Alarm System-City Tax
Levy Is Fixed at $1.25

| the hands of its finance committee the
amended estimate of the expenses Of the
city government for the fiscal year Of
1SsS-99 1t is not at all unlikely that some
of the department heads will seek to have
some changes made before the matter is
finally disposed Of, but 1t Is equally as GER
tain that they will meet with disappoint-
ment The ordinance which places the
tax levy at $1.25 in the old city limits and
31.O4 in the annexed territory will probably
be passed Immediately after the adoption
Of the committees report and then all
Quibbling is at an end.
| The matter of the fire hydrants which
are out of repair through carelessness Of
sprinkling cart drivers and plan for
preventing further offenses of this char
acter will also come before council today.
Excepting the routine improvement mat
tiers, these are about all that the city
dads" will have to wrestle with unless
something exciting comes up under the
head of new business.
The finance committees report on the an
nual budget will be as follows:
Rates and Revenues
| Your finance committee, to whom was re-
ferred the report of the city clerk submit
ting the footings of the tax rolls for the
fiscal year 189S-99 for the purpose Of pre-
senting a tax levy for said year, beg leave
to report as follows:
| From said report we find the footings of
the tax rolls to be. old city limits, $57 OF. $50,
to which we add items subsequently re-
ported by assessor $3.50; also state board
assessment on railroad property, $153 ,S08,
making $57 231 ,2SS; annexed territory, SO, S4O,-
/ II.
road property, $4,000, making $685., 1915;
grand total subject to levy for general mu-
nicipal expenses, $61 ,084 1853.
The estimates presented by the city au-
ditor. after deducting available cash bal
ances in the several bond funds, call for
the sum of s142.215 for interest and sinking
fund on bonded Indebtedness. A rate Of
q cents on each one hundred dollars Of as
sessed valuation within the old city limits,
to-wit., $57 ,231 .2sS, will produce $12O, 1870
And4 cents on each one hundred dollars of
assessed valuation, including old and new
city limits, to-wit: $61 1854 1853 win produce
$24, 1870, making total amount realized for
interest and sinking fund" $144,621. 40, and
making the rate Of taxation for this pur-
|pose Is cents within the original city limits
and cents in the annexed portion Of the
city.
The segregation of this rate into
III cents and cents respectively is
necessitated by the issuance Of fire,
bridge, park and tunnel bonds for
the interest and sinking fund of which
the annexed territory is also assessed.
In this connection your committee beg to
cite the fact that during the past year the
Main sewer bonds, 1877, q per cent?, and
the funding bonds, 1891, Is per cent?, have
been reduced by the retirement Of out
standing bonds in the amount of $4,000 EACH
Neither Of these issues has any serial fea-
ture, and of the first named issue, amount
ing originally to $4,000, only $4,000 has
been retired during the previous twenty
years.
Auditors Estimate
The auditors estimate for general mu-
nicipal expenses, after careful revision by
this committee and members Of the coun-
ell Is 1878 1889. toward the payment Of
which is a cash balance Of $7451. IS, and an
estimated revenue other than taxes OF
$3.50, 5924e. a total Of $261 ,044.04, making
necessary to raise by taxation $612, 1885.
AS shown by statement herein the as
sessed valuation of all property within the
extended limits Of the city Is $61, Os4, 1858,
upon which we are limited by the charter
to maximum levy of 81 for each one hun
dred dollars of valuation, thus producing
500, S42.63 or an amount 81 ,296.72 less than
needed to meet anticipated requirements,
Being unwilling to further reduce the al
lowance Of the various departments to
meet this deficiency we have deducted the
same from the auditors allowance to the
general cash fund