Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1914-12-21
(clTY's BUDGET FOR 1875
| WILL CARRY s3,750,OOO
Committee to Begin Soon as
Tentative Draft of New Appro-
printion Ordinance.
ROLLING STOCK LOSS, $4,000
Unless Courts Set Aside Act of 1914,
City's Income From This Source
Will BE Reduced From S155, 900
to Not More Than $4,000.


to Not More Than $4,000.
Richmond will have available for the
1915 budget approximately s3.75OoOO.
an increase of about S25o,00O over the
amount that was found available for
the budget of 1914. The estimate was
made last night by City Auditor Crcn-
shaw on the basis Of incomplete re-
turns from the several tax sources
which mako un the city's revenue.
The annexed territory will pay into
the City Treasury approximately $685.
900 In the form OF licenses and taxes
on real and personal property. While
this amount will Increase the aggre-
gate OF the 1915 budget 1t will he
more than Offset this year by the in
creased fixed charge that the city will
have to meet as the result Of anneXa-
ton. Counting the cost OF maintain
Ing the schools In the newly added
territory, MIR. Crcnshaw thought. the
appropriations for the new area Will be
considerably In excess OF the cstiIna ed
S235.Q00 revenue.
! With the Christmas holidays out of
the way. the Finance Committee will
address itself In earnest to the big
task of drafting the budget ordinance
"a measure that carries appropriations
aHBreBating half the amount Of money
the Legislature appropriates for the
annual expenses of the State.
HOARD ISSUES CALL
FOR ESTIMATED NEEDS
The Administrative Board last month
i instructed all departments under It's
direction to prepare and file with the
each department. All of the estimates.
II Is expected, will be In the hands
of the board before the end of this
week. Mr.. Crenshaw said last night
that he expected to have In hand the
budget estimates of all the city depart
ments by next Saturday.
| The Finance Committee will meet
shortly after the fling of the complete
estimates to draft a tentative budget
ordinance. which will be submitted to
the Common Council at It's regular
meeting next month. 4 copy Of the
tentative ordinance will he submitted
at the same time TO the Administrative
Board
The $4,000 estimated increase in
the amount available for the new bud
get Is accounted for largely by more
complete assessment OF personal prop
erty. the income from the new realty.
and general increases in the receipts
from licenses and kindred sources of
income. In view of the fact that the
new rolling stock law Will reduce the
city's Income from this tax source from
sl5o,eOO to not more than 5000. the
Increase In the city's income Is
ROLLING STOCK LAW
TAKES AWAY si3O,OOO
While the rolling stock tax was not
available for the budget of 1914. II be-
came available later in the year when
the courts declared the act of 1912 un-
constitutional. Special appropriations
during the past year absorbed the sum
that was released to the City Treasury
IN the result OF this decision. Under
the rolling stock act nj hc cit,-'c
income from this source is still further
diminished and unless the law, which
has again been attacked In the courts.
is set aside. IL VIII scarcely exceed
$4,000.
The excess OF expenditure over in
come as regards the annexed territory
was expected This situation IL is be-
licved. will prevail for the next two
or three years. until the improvements
!nntalled In the new territory by the
city. and the development OF territory
AT present unoccupied, will make up
the deficit, No part Of the s534, 900
bond Issue that Will shortly be avail
able for expenditure In the new terri
tory can. under the annexation laws
he applied TO any but permanent i'm
provenents.
EXPECr BIC INCREASE
IN SOUTH RICHMOND
Large increases in the city's income
from real estate taxes are expected
with the completion Of the new reas-
sessment. The increase will he partic-
ularly marked In South Richmond.
which is expected to return approx
mateS double its present aggregate
assessment. Property values have risen
steadily in the Southside since the con
solidation Of 1910, largely as the re-
suit OF the extension of city utilities.
The Southside has also enjoyed extern
sive suburban development
arL al inNr
expected from the several newly an
neXed suburbs The 1910 assessment
was made under the direction OF the
county authorities at rate consider
ably lower than the Richmond ratio
and at time when the suburbs were
only partially developed. In the five
years that have elapsed since the last
assessment tho northern and western
suburbs that have recently become n
part Of the city. have undergone ex-
tensive developments" This Is true
particularly of Ginter Park Highland
Park and North Richmond.
CRENsHAw ESTIMATES
NEW 1918 ASSESSMENT
1t is the belief OF City Auditor Cren-
shaw that the reassessment as Of Feb
ruary l. 1915, Will show an increase
of between S15.O00.00O and $40, 5000
over the present assessment At the
sl.4o municipal tax rate. this would
mean an additional 100000 for the
budget of 1916.
The estimate of Chairman Gilbert j.
hunt, Of the newly board OF
assessors, is still more liberal 1t Is
the belief of Mr.. Hunt that the new
assessment will show an increase OF
at least $25.000,00O over the old. The
board of assessors will hold pre-
!.minary meeting shortly preparatory
TO beginning active work on the new
assessment next month. Mr.. Hunt Is
serving his third successive term as n
member Of the board. and Is regarded
rs an authority on Richmond realty
values. The other members of the
board of assessors are w. T.. Purcell.
,Tr.. and John sloan