The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-12-13
STATEMENT Is MADE
ON CITY'S FINANCES
Prendergast Reports S32s..
420,175 Received From
Jan. 1 to Sept. 30.
BIG INTEREST COLLECTED

Comptroller Prendergast has ssaed ,
report summarizing the cit,'s f~nancla,
transactions from January l to sep,em.
Der 80 OF this year. The total cash 70.
ceipts aggregated 3~329.42o.175, nj,
which $40. s2o.s4s was collected from
taxes. assessments. water rates. docks
ferries. railroad subway rentals, and
other miscellaneous revenue. There va,
80. 269.4S7 received Al Interest on bank
balances and other sources. and slss.
22s. TAO was derived from loans: tina, 4.
from money borrowed from the public
on corporate stock. corporate stock note,
and revenue bonds.
Tho expenditures of the period essr..
gated 1919. 223.sSo. Of which sioZ,7sf.
s21 was for expenses Of the city govern.
ment, s3s.747.694 was In outlays fr
public improvements OF all kinds, Includ.
ing the building Of rapid transit rail.
roads. the new Catskill water supply.
&C.; 1890. 500 was for interest on IN.
city debt, and $139.O24,c7O was paid in
the redemption Of long term bonds and
| on temporary debt, consisting Of cor.
porate stock notes and revenue bond,
The remaining $2.033.63 was LARGE,
represented by refunds Of taxes, assess.
ments, water rates and other revenue.
In adjustment of overpayments. &c, and
on amounts payable to various bene.
ficiary societies.
In 1915 the expenditure for curren,
operating and administrative expenses
was $l07.797.921 or less than 100000
of an increase in 1915 over 1914.
The revenue receipts were $40 go.
94s. as compared with 1881, O3l. 300 IN
1914.
The payrolls from January ! TO Sep.
TENDER 80. 1915. totalled sS2,4sO.47i, "a
compared with ISL .645.s59 in 1914
A table dealing with the tax leyiss
of the six years from 1910 20 1918 IT,.
elusive shows hat the grand total o.
these tax levies aggregated ssS7.253.sel
OF which there was collected up to Sep.
TENDER 80. S710,0S7,s27. The collections
up to September 30 of the 1910 10 1914
tax levy amounted TO a little over si pc
cent. OF the entire levies OF these years.
and of the taxes levied against lands
and buildings Of the yea 1910 the tables
In the Comptroller's report show that
1904 per cent. had been collected and
paid into the city up to September ~
Of this year. OF the 1911 taxes agains,
lands and buildings $3.50 per cent, had
been paid in. II of the 1912 tax e7N
per cent. a been paid in.
or the $sS7. 0OO. 600 of taxes levied dur.
ing the past six years s573.77s.o59 was
against property situate within the Bor-
ough of Manhattan, which equalled 6i.6I
per cent. of the entire tax levies OF the
greater city. The total of the ,aNes
levied in The Bronx during these years
amounted TO IS per cent. In the Bor.
oueh Of Brooklyn to 2O.9S per cent: in
the Borough of Queens. $50 p-r cent.
N in the Borough of Richmond, ! Os
per cent.
The collections within the different
horoughs show Manhattan to have paid
a relatively greater per centum Of is
tax levies than that Of any other boz.
ough. In other words. up TO September
so OF this year. and including the Coz
~lections of the levy of 1915. Manhattan
had paid in ss1a per cent, OF the entire
taxes levied against real and personal
property in aid borough, OF the taxes
of 1910 to 1915 inclusive The Bronx paid
In $3.50 per cent. of its levier. The tay-
payers of Brooklyn paid In Siti PEI
cent. of their taxes. Those IN queens.
SOA4 per cent. while Richmond showed
the smallest percentage of coll-r;iors -
levy of any of the boroughs. their pay-
ments only equalling 1915 per cent. u
the taxes levied In said borough.
The tables dealing with the outlaws
for the new Catskill water supply show
that these ave aggregated Sl27.H44.539
The city's commitments and OUTLAWS Tor
rapid transit construction show To- dals
an aggregate of s@2s.?72l@2. OF w'hici
the expenditures already made amount
TO si+7.5Tl,lOl.
The OUTLAWS by the city on TIE pfeser,
subway operated by the Ir'orhoroug'
Company ~ amounted 20 tI6..lcS o7
The Comptroller has added a 'ahie
showing the total amour 90 Interest
which will be payable In 1918 nn if'
bonded indebtedness of the cits. tudi.J'.
ing that So, 020,935 Of this interest = %
he raised 10y taxation IN tho annual
budget and sl2,i1l.2j3 is to he derived
from other sources. The table also
shows that of the grand aggregate -
interest which will he ravahl" or he
ctty's bonded y next Year Si2lia.NN
will be payable TO tho public holding 'NA
city's bonds and sll.476g0S VIII low
back into It's own sinking funds as .l.
terest ON the city's securities hold hp ~
sinking funds.