Evening star., 1922-07-05
DISTRICT TAX RATE
$3.50 ON S1OO FOR.
NEXT FISCAL YEAR
sgsitt
.snsTi
Commissioners Announce
i!yoT;.
Decision Based on Re:iayss'55':
iBas.if
port of Auditor. 3o1,,.li 5on 7
II noiJ
usVoJ
PLAN YEARLY SURPLUS.
REVENUE OF $500, 600
or
| 7e4
Other Recommendations of Mai
Donovan for Additional Legis-
lation Made Public.

The tax rate for the ensuing fiscal
year, will be $L30 on each 800
OF assessed value. based on a full
value assessment.
This announcement was made by the
Commissioners this afternoon follow
ing a lengthy board session and was
based on the report of Maj. Daniel
J. Donovan. District auditor.
In making the announcement che
commissioners made public the re-
port of Maj. Donovan. containing
the following outstanding RECON-
mendations:
Additional legislation is needed to
remedy certain apparent defects in
Ihe tax legislation contained in the
District appropriation act for 1929.
ana 1t Is suggested that the Commits
sioners appoint a committee to study
the entire situation and to report TO
required"
Cash Basis Requisite.
NAL Donovan states in his report
mat he has reached the conclusion
tnat the amount of surplus revenue
needed to put the District govern
ment on a cash basis by 1927 is
$600,OO0 a year during the next five
years.
Maj. Donovan's report as released
oy the Commissioners follows:
That pursuant to the provisions of
the act Of Congress approved June 90.
1922, entitled AN act making appro,
priations for the government of the
District of Columbia, and other ac-
tlV1t1es, chargeable in whole or in part
against the revenues of such dis
tricts for the fiscal year ending June
80, 1923, and for other purposes the
rate of taxation on taxable real estate
and tangible personal property In
hereby fixed at s1.30 on each 500,
respectively, of the full value assess
ment thereof
The total appropriations of the
District Of Columbia for the fiscal
year 1923 amounted to S24.4ss.4s202.
OF this amount, the sum of $14666-
4S0.7s was charged to the revenue of
the District of Columbia
Revenue., &14,se5, ,9s9.
The revenues of the District of CO.
lumbia for the fiscna year 1922, de-
rived from all sources, available to
meet M sgproprdation % sss aaa on charges. amount
Charging the District share of ap-
propriation for 1922. namely. $14.es6.-
490.78. against this sum, left sur
plus OF revenues for the year OF $169.-
60S.85. This amount is carried for
ward and becomes a credit to the
District in the fiscal year 1928
''The total appropriations of the Dis
trict for the fiscal year 1928. actual
and estimated. amount to s23,521,-
$3.50, of which $14.21S,641s8 is
chargeable to the revenues of the Dis
trict.
"To provide the necessary amount
to place the District upon a cash
paying basis by July 1. 1927, and us
Ing present appropriations totals in
determining that amount. and as
suming the payment of all taxes in
two installments, one in November
and the other in May, tho further
sum of 100000 must be raised at
the rate Of 100000 a year, beginning
with fiscal year 1928, the District
must therefore collect in the fiscal
and estimated. the total revenue of
$14.s1S,641.ss.
The estimated revenue of the Dis
trict for the fiscal year 1923. from
sources other than real estate and
tangible personal property. is $3.50
raised upon the assessment of full
value of real estate and tangible
personal property. The application of
the $3.50 rate will produce the re-
Quired sum.
Federal Items Included.
This report takes into considera-
tion the retention by the United States
of 40 per cent Of certain miscellaneous
items Of revenue, amounting in all to
$1,200.00 which heretofore have been
credited wholly to the District.
The increase in the rate on intan-
gible personal property to five-tenths
of 1 per cent will raise, it is esti-
mated, additional revenue each year
from that source of $670.00G. But the
application of the reduced rate for
1923 to tangible personal property,
which has always been assessed at
full value, will cause a falling of in
revenue from that source of about
$4,000. The net result will be an
increase in District revenues each
year of about $22S.000.
"The surplus revenues of the Dis
trict in the Treasury, accumulated un-
der the half-and-half system, amount
ing to $4,64S, ,666.69, are not considered
in any conclusion reached in this re-
port.
Additional legislation is needed to
certain apparent defects in
the tax legislation contained in the
District appropriation act for 1928,
and 1t is suggested that the Com
appoint committee to
study the entire situation and to re-
port to them what new legislation