The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1918-05-29

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t. 10 that of the ely manager.
sources pf I,I, is tl-3 u6s.7, The
estimated expenditures Tor thc ucccs-
s1ry appropriations totI tlll3tGht
leaving am estimated balance % Sll.
,iN.'@ pf this rrscrVr SH.i6l63 bo
longs to special fluids. such as the
sinking, interest funds etc. which
leaves AN estimated W. king reserve
Ia the general fund for TIA" year o.
N-.I>i.Ju. % very small tn,Vun with
which 20 meet unforeseen needs.
Revenue VIII Bc less.
our revenue FOR this ear Is $4,000
less than nat uf the asst calendar
Year We faced Il cut OF $500 from
The loss of the retail lIuul licenses
Ion the lJst quarter OF 'his year. but
we estimate that 5000 uf this loss
viii hr mnd" up by az increase uf
the occupation license revenue aud
from other miscellaneous sources.
our budget rcvcuuo estimate ON
AprIl ! was exceeded slightly by the
actual revenue whirh Indicates thai
estimates were figured conserve
lively
The amount o. mon y with which
we have To- work docs not permit ~
To- largely extend the o t%iyities Of the
ctt' government nor e. contemplate
IN" building uf much dditionnl i'm
~provclncut 80 the cNpcisr nt The cit,
This city is growin much faster
than many Of its citizens realize
and the consequent demand FOR ouch
inn trY.tHHnH.NEF#H .. gFH.af Ilshf. a. 4xtaFs
extensions, parks. grading of streets
etc DO worry large
"pur appropriations fur his year
Were figured sulrl, on the basis uf
thc expenditures 81 The previous years.
plus tho reasonable additional needs
~ this year There has been COM.
plant that this form ot government
by comparison with previous forms g.
going to be moro expensive To- the tax
payers.
salary %Iucrcns- Offset.
~ is true TINT salaries are In
creased under IN, form Of govern
ment. but the fact "a apparently over
looked by some" that the business
management permitted under this
form a~ccumplishc- economy IN al
miuistratiou that previously had not
been obtained cur net salary in
crease this Velr from hat ~ lust
is Si.2lO. This has been offset al.
ready by cutting out expenditures Of
previous administrations. which
60 us unnecessary. to the e.
tent OF approximately 5000 per an
num-. We have secured additional
rcvenuo from sources evidently over
I--t..a L. UW.sU.ta U.UrrHN Efiaf "a tftna
amounting 20 ss1o q yrnr. This
total shows q net I'm favor ~ this
form ~ government after five months
OF trial uf $500.
The business of running n city ~
this size g. o big one. ana time ~
needed tu work out the many prob
lens presented We must learn from
the rNpcrionc, Of other progressive
cities aud tuIz Iuuut be done In Il
day Ne hlv, been tu touch with
many cities o., correspondence, aud
W. have already obtained very val
liable idcJ- concerning municipal
problems and should get many more
"lf thu deficit carried over from
IA, past BE- 10 he met iu part - least
tins ,ear ~ viii result Ia an over
drtft in IN, general fund rs a mat
ter ct fact. several q: the obligations
ot the pa-i have already been paid out
OF th, revenue ot tins wear u PROP
thlN next month N ability 90 meet
c\prus"s trum the bank balance
UIIl bu taxed and IN The fan We wil'
not nr uul, tu rct away from an
uNrrdraft
sinking fund situation.
... ...H..... fHNHaN UHFNafftf les a
cause Tot concern ON bonded m
drhtrdurSs is ti53.uo". The sinking
fund uu January D. 1915, was -.
GlIiH Thr l"V, for this purpos"
this ,,lr viii brinE len an estimated
amount ur St,1ss0 making u total
81 the end of the year 81 f%>.lN9'i
n should he ite.li2.sG on December
g. IplN. u shottag" Of Siu.iN-.Hi.
Two solutions present thcms"lN".
aFirst ~ Increase IN" levy amt
produces IN tmuunt which Will serve.
II continued fur the nest ten wears
tu discharge the funded obligations
oi the citN.
SECOND To present To- the tHN
payers another %refuudlug proposition
which distributed uver q periud uf
thirt, wears from now win tend to
alleviate M, burden which otherwise
must shortly hr .muuSei through IN"
l"Nylur uf 1000 additional taN 81 ~
lrlsi .t utII- uf Nl6uu annually
such "|rfuuIiug bonds would prob
ohl, mot hs,, t read, sale unless
81, shuw'. rh' good ltih of th' oit>
HN 1I., UtrEIul .pu.' ~ IA existing
1000 ~r.'udrtS- We ,uu probably d.
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