Daily press. [volume] (Newport News, Va.) 1896-current, 1910-03-23
Outlook for City's Finances
Not so Dark.
RELIEF FOR NEXT YfAR
Last OF Fifteen Thousand Dollar
Emergency Bond Issues is Provided
For In Budget Now Under Consid'
misunderstanding Fund Problem.

Though the city's finances will not
be in the best of shaYe during the
coming fiscal year. .ht Existing
strinsency In the m luicipal "m@h"y
market" will be relieved yeaf
hence by the maturing Of the
last of the special issues OF
the emergency bonds. In the
budget for the coming year 81 800
has been set aside 10 take up me
emergency bonds and the begin
ming of the fiscal wear on July '.
1911, the city will be just $1,000
better of financially than ii will be
on July 1, 1910.
At the present time the city has
no general sinking fund and in
NIL probability the greater portion
of the extra $500 will be
placed in such fund. Anoth-
er extra 81 900 Is provided #.
this year in the budget to defray the
cost of building fire proof vault at
the city hall Besides these items,
II is expected that the purchasing
committee which is to be created by
the council this year will save the
city several thousand dollars during
the year In the purchase of supplies.
Reduction of $4,000.
II il roughly estimated by those
who dclve in figures that the total
of appropriations for the conduct OF
the government of the city during the
fiscal year beginning July |. 1911.
will be about $20.000 less than that
for the coming fiscal year.
The councils pruning" committee
will submit a report to the council
which will provide for a reduction
of $4,000 or mere in the appropria-
tons for the coming year as recon-
mended by the finance committee
of the council. The budget as
recommended contains appropriations
for all purposes except schools to the
sum of about $164400. but IL the re-
port of the retrenchment committee
Is adopted, and there is no reason
to believe that it will not be. the
total of the appropriations will be
only about $154.i00.
Some of items In Budget.
With reductions made from the
original budget in accordance with
the pruning done by the retrench-l
ment committee, the appropriations
for the various departments will be
as follows: Highways and sewers,
$l0.305 tincluding bridge depart
ment, pay of city carpenter. and
salary of city engineer: fire depart
ment and water, $2l,sS5 (including
fire hydrantsl; buildings. grounds
and lights. $il, 4S0 (including cost of
street arc lights; health department.
Sll.i4G (including salary carried by
proposed consolidated Office OF health
Office and city physician and the hos
pital expenses; police department.
s23.060: Almshouse and poor. $1,000.
A total of sl3.l972s is set aside for
the salaries of various city officers
other than those at the heads Of the
departments and the miscellaneous
expenses such as printing. etc. eleC
ton expenses, jury expenses. treas
Urer's commissions. keep of city pris-
oners. volunteer firemen and general
sundries will aggregate $1,000.
In addition TO all these expenses
$4,000 is set aside to redeem the
emergency bonds: $1,000 goes to the
sinking fund on sewer bonds The
interest on the emergency and refund
ing, sewer. school and fail: Gre de-
partment; bridge. paving. court house
and fire. school and garbagc plant
bonds aggregates $2s.170 for the year
bringing the grand total up TO about
$15i 400.