New-York tribune., 1902-10-30

Controller Grout at yesterdays meeting Of
the Board Of Estimate and Apportionment sub
mitted for adoption the new budget and a finan-
ctal statement showing a net reduction OF
81, 100000 for next years city budget, thus
reducing the tax rate by four points. This
reduction is made possible solely through the
decrease of So. 3.965,OO0 in the State tax under
Governor OdeIIs administration. This great
decrease in the State tax makes it possible for
the city to increase appropriations by 81 465,OOO
in the aggregate in various city departments
and still show a decrease in the budget and tax
rate, as before stated.
Mayor Low frankly says that the cred1tanie
showing is made possible through the co-opera-
ton Of Governor Oden's administration
The board approved the budget, which is for
S97119O31 TO- a reduction of S1,5oo.569 % from
that of 1902. which was S9S.619,6Oo
Controller Cirout submitted to his associates
in the Board of Estimate the following report
The tax rate this fall is about four points Jess
than the rate d year ago, and only one @ otieI
wear since consolidation, in 1S')S, has SHOWN
tax rate less than the preceding year upon Ihe
budget Just made for next year the laA OiIis u
next fall will be lower still 49,, A.
The reduction of 81 100000 in the total OF the
budget will take of about four points whllg @ tlle
new buildings and other new properly suIJeDe Jt
taxation for the hrst time VIII IdHe % U.- +a
four points more. so that next year ; t ta@ a.,
on the basis OF the old system OF asSessIlgnts 5t
being continued, would be about Twelve poIues pdiis
less than last years. If the sinking Fund rellel
measure 10 which reference has been nade seE-
eral times and which viii shortly De Inade pun
lic goes into effect, il Will produce luI tnet Ie
duction in the tax rate, on the same paslS oI as
sessment of about twenty-five points, SO that
entirely apart from the change In the system oi
assessments We anticipate a reduction IN TAXA Iaxa-
tioD Dsx+ wear of not less than SlOOOOOOO
which reduction, taking into account the new
property which each year ADDS 70 , Lhs assess. sn+
nent roll would reduce the tax oills oy aoouS
one-eiFhth The new system OF assessment VIII
al least produce more equality IN the ulStriou-
tion of the tax. whatever else II does or ieaVes
Anaiyzing the budget more IN detail
there is a decrease in the state tax 80. oe- ooo.
OF ----- -'-"-' "''"
OF This decrease there Is preserved in 800
the grand totals OF the hudgst''.-'- SooVOoo
Leaving a sum which we have ap- 80,
Piled to general city purposes Of S-+ooouu
This sum has been allotted to the following in
creases:
To the Board Of Education, 70 provide
for an estimated increase of twenty
thousand children at the per capita
cost of education in the city or New .e.,ono.
York OF S43 per child .-..---..,.- FofV'Voo
To the Police Department, for manda-
tory Increases SdI6ens IN 5he PoitSg
To the Tenement House Commission
10 provide for a full years main
tenance of the department. only
maintained aiiar ior par % ''l. $4,000
To the Department of Street Cleaning
for increased requirements IN the
Borough of Manhattan AID 10 eN-
tend more completely the city ser --ooo.
vice in the Borough of Brooklyn I'o'uu
For the increased sums necessary tor
the payment of interest on the GOO 900
CITY debt
(39ing about the amount vhich this
item increases year by yearD
For install lrnents on the prime pal ana
sums necessary for the redemption
of the city debt beyond last year s ,oo coo
appropriation .--.---.. ..-....--... ---'0
(An amount varying from year 10
wear according to the ma TURNS OF
old bond issues)
To the Park Department. chleHy lot