The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1908-09-22
OF CITY
RICHMOND CREATE
UNUSUAL LEF|CI7

UNUSUAL CEF|ClT
Continued From Page one.)
$4,000 is for coal and $1,000 for re-
pairs.
Controller Parry's report in onnec
ton with the budget, is in full, as fol-
lows:
Richard Schillinger, Mayor:
When the annual budget and recon-
m~endations regarding appropriations
M tax rate for 1908 were presented to
council one year ago l could not fore
see that the improvements on the West
Side in the way of the subway and the
sewers, for both of which there was a
crying need and to both of which the
city has been committed for many
years, would be done this year-nor
were the storm sewers on North Tenth
street and South First street antici-
pated one year ago.
Again, the tax rate was recommend
ed by me before the appropriation was
added for Reid Memorial hospital,
hence neither of these accounts-ag-
gregating a very large sum of money
was taken into account when the 1908
tax rate was fixed. Then. in addition
this ear our appraisement of proper
ty upon which the taxes are assessed,
is more than a quarter of a million
dollars less than a year ago, making a
deficit of practically $4,000 in taxes
collectible, If the tax rate continues as
before.
These several items are Approximate
ly as follows, to-wit:
Reid Memorial Hospital ......$ 5000
West Second Street subway,
City > part =. . -. . -. .......... -U,OuO
Northwest system ...... 5000
Southwest sewer system ......15,0 900
(Of which $4,000 has been
paid by temporary loan .
which must be provided for.)
North Tenth street W ..... 1900
South First street sewer ...... 2,1OO
Deficit in taxes on account of
lower appraisement ......... 5000
''s"
On the other hand, our receipts for
this ear will apparently run some
$4,000 more than my estimate, leaving
a balance of SAG, 800 which must be ta-
ken care of in some way in addition to
the yearly budget of $2O1. 800, which l
herewith present and recommend, hus
making a total of $24S, 1OO-and it will
be noticed hat it does not include any
appropriation for Reid Memorial Hos
pital in 1909. If that be continued at
the rate of the present year it will re-
quire $254, 100.
At the present time it looks very
much like the city's income from liq-
uor licenses would be very much cur
tailed, Or else cut off altogether, but
as that is still an uncertainty. l will
still reckon on that as a source of rev.
enue, counting it the same as in 1908,
$12 ZOO n the probable receipts from
the municipal light plant as $4,000,
and from sundry sources at $1,000. 1t
gives a total of $4,000, which will
leave S15S, 1OO-without the hospital
donation-or 1854. 100. including an ap-
preparation for that purpose. In
either case the balance muse be raised
altogether by taxes, or mostly through
taxes and the balance by the issue and
sale of city bonds.
Our total appraisement this year is
S14,1S5, 500, from which a deduction of
S4SG.390 for mortgage Indebtedness,
leaves a balance of 1899, 525. on
hich to levy axes and it will require
a tax rate of $1.15 for the general fund
and 90 for the sinking fund to raise
this money, providing no hospital ap-
preparation be made. II there is such,
then the tax must be $1.25 in all,
which is the limit prescribed by law
for cities of this class.
The county commissioners have de-
cided. to raise the county and state
tax. and hence. considering the fact
that we are still feeling the effect OF
the panic of 1907 and many of our cit
liens are without work. it seems to
me it would be wise to leave our tax
rate at it is-$1.O5 for the general fund
and .O5 for the sinking fund and to
make up the balance by sale of an is,
sue of $4,000 or $4,000 city bonds,
the amount depending upon the hos,
pital appropriation. These bonds can
be paid within five or six years out OF
the city's sinking fund and will still
leave the city's bonded debt $4,000
below the legal limit.
When it is taken into consideration
all the city has accomplished within
the year in the way of drainage of the
west side territory, which could not be
properly utilized for dwellings without
this work and that out of a cost OF
over $4,000 for these extraordinary
expenses, some 100000 has been OF
will be paid from the city's ordinary
sources of revenue during 1908, il
proves thai the closest economy has