New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1900-10-16
DEMANDS FOR CITY DEBT.
CONTROLLER GOLFERS STATEMENT
READ TO THE BOARD OF
ESTIMATE.


Board of Estimate and AppOrtionment statement
of the amounts necessary to be included in the
budget for the year 1901 for the payment of the
principal and interest the city debt in part as
follows
The total of these amounts as compared with
year 1900 are as follows:
For l9Gq 90 s2 1920 Zoe o ssS2 ss 10
redemption 1885 o78 IS i0$S2 7S IS 2$95 500 So
Total 50 7s5 100 90
The increase in the amount required for the re-
demption of the city debt, he says, is chiefly due
to the following items:
First-lncrease In the amount required for sink
Visions sn Of the chaTe s SaqfT 81 mandatory pro
seGond-Reyenue bonds redeemable in 1901, which
for the payment of awards in street proceedings
also under the mandatory provisions of the charter
Third-Revenue bonds redeemabie in 300 which
to the amount of 81 1242-5 sc issued under the
provide for the increase Of salaries of school teach
on October l, 1900. tie ex .ess of the liability of
c cae fbPa or Fe m "a Rar Opening the
sert this amount in the budget for the coming wear
There also appears item TIE appropriate ton
for the redemGtion of the city Gcbt amounting to
current year for the rer!eEshment Of the fund
tSc Stree anG paTk 3pen:ags These two items
must be borne next yea. b the taxpayer ac
burden OF taxation fror this cause demands ex-
pl2natior It Is due in my opinion to two causes:
fund Tor street and park openings in recent years
H i :ss G.: Is i: 8
Under the decisions of the Court of AppeaIs no
part of this can be assessed against adjacent prop
erty benefited by the street opening, and these
second-There is also in my Opinion mic 9ne ct Great
B OF hs n IN the statute under which
have made partial art and separate reports. which
subsequently confirmed frOm
which the city is reimbursed for the awards and
y, The following four Instances from many will
mi9strate Iorcl6iy the extent to which the city has
First-Acquiring title to the Grand Boulevard
e2pense S. ON aecoGnt of FhS MBcn aa and
assessment ass 5ss Of % per cent thereof amounting to
hted Second = Opening One-hundred- forty
lem River in =. the Twenty-third Ward; awards and
e9penses' . 10 iSZ o.. 81 on account of which
m5 aini to be laid upon dProPeTty Benefited
on account Of whch an assessment of 50 per cent
amounting to $500 4Sl T. remains to be laid upon
from Railroad-ave to One-hundred-ands ixtv- first
ST. IN me dWentytthird Ward: awards Sl93126 81
mains to be laid upon property benefited.
yancements in his fund made to property owners
Of the fun # the %eGh would be present assets
az the same time as the awards. Tn fact if thar
been collected by this time and the Eaye
would nave been relieved from burden of taxa
The amounts required to be inserted In tho
budget for State taxes aggregate 959 1877 70 being
1916 $50 90 '0i i''o Oh
When Mr. Coler's statement had been read TO
the Board Of Estimate Mayor Van Wyck incurred
what was the amount added to the budget by the
Davis School law. Deputy Controller Tavay s,id
that &5756O "a was added for next year and the de-
hciencies for the present year Mayor Van Wyck
said that the additional amount for teachers, Gala
ries and the E,2S5535 81 in the budget for straat
an e. paPk openings made the budget Of next wear
30 S6Ol4S 20 larger than II otherwise should be $3.50
been compiled with remarked the Controller "