Evening star., 1923-07-05

+ Continued from First Page.)
ings OF public utilities. banks. build
ing associations, etc. are also esti-
mated.
The amounts that may be collected
under some SiXty-five distinct items
of miscellaneous revenue are esti-
mated. Revenue collections fUctuate
from year 10 year, being dependent
in. some measure upon the condition
of business and in large measure upon
the ability of property owners to
promptly pay their taxes However
great care may be exercised in bring
ing the elements together upon which
tax rates are established, the actual
revenue collections within any year
are bound to be problerratical.
Total Appropriations. sea. .433 .o01.
The total appropriations of the Dis
trict for the fiscal year 1923 amounted
to S23.433.s91.s1 The proportion
was s14.190,s33.19. a further charge
of 100000 had to be made against
the revenues OF that year represent
ing the first one fifth of the operat-
ing cash fund of SS.Ha0.00G required
to be fully raised by July /. 1927. The
total charge for all purposes against
District revenues for 1928 was, there
fore, s14.79O,S3379.
The revenue collections by the Dis
triet during the fiscal year 1928.
available to meet appropriation and
other charges. totaled si5:7s9: :995 Il.
being the Districts proportion of
lapsed cash balances of appropria-
tions. and s17,s09 paid into the
Treasury to the credit of the Dis
tricf by the recorder of deeds and
by federal agencies maintained un-
der municipal appropriations; also
the further sum of S169,50S.S5, being
the surplus revenues of 1922 credited
made the gross, revenue credits of
the District for 1928. s16.376,17S.14
from which s275,e60 was transferred
to the policemen and firemen's relief
fund, leaving the net revenue credits
$16.101, ,17S14.
Revenue Collections Classified.
Using the net revenue credits of
s16,101.I7S.14 for 1923, and charging
against that sum the Districts liza
bility under appropriations for that
year and the first installment of the
cash fund, total for both purposes
of s14,790,S33.79, leaves a free sur
plus of revenue in 1929 of s1,310,-
344.35, which amount is carried for
ward and used as an element in fixing
thertax rate for the fiscal year 1924.
Revenue collections through the
collector of taxes in 1923 and cred
tied to the District of Columbia are
Real estate taxes. s9,473.s11s4. an
increase of s11o.678.31 over the audi
tors estimate of July l, 1922, and
sl,042,631.11 over collections in 1922.
Tangible Personal, $1,c13.72s.
Tangible personal property taxes,
s1,213,72S.1S, an increase over the
auditors estimate Of s108.72S.13. and
a decrease as compared with 1922 of
S1ss,9s5.54.
Intangible personal property taxes,
S1E23.443.lO, an increase of s223,-
sfi43S5.10 over collections for the
sinilar purpose in 1922.
Taxes on gross receipts and earn
ings of public utilities. banks, build
inS associa tions. etc. s1,5e5.s74.s7, an
increase of s65,S74.9T over the audi
tots estimate, and s2GS.313.72 over
ths similar collections of 1922.
On all other revenue items. sixty
1898 was s1.S13.14763. an increase
over the auditors estimate of Sab
1888 and s426.063.40 over the like
collections in 1922.
Appropriations for 1924.
The appropriations for the fiscal
year 1924. actual ard estimated. total
s24,o3s.762, made UP OF the following
proved February %, 1929. $21.737, ,690;
inerease of compensation (s24O bo-
nus), $1,751,867; new building for
Freedmen's Hospital. $4,000; refund
iHA. cTTOucOuSi5 pdlu taxes, $4U,uUO
payment Of awards for land con-
deInned for the extension of streets,
etc, $4,000. and supplemental appro-
priations,. 100000. The proportion
chargeable to the revenues of the
District amounts to $14,531,7S8.lO. to
which must be added the second one.
fifth of the cash fund OF S3,0O0OOp,
making the total charge against Dis
trict revenues in 1874 s15.131,7SS.4O.
To start the fiscal year 1924 is
h crh n,I
frem 1923, amounting to S1,310.344.35.
The estimated revenue collections
during 1924 are: Tax on intangible
PERSONAL property. s1,S00,o00; tax on
public utilities, banks etc., 81 900, 600;
miscellaneous items. s1,S1S,00O, max
ms $6,528,344,35. from which provision
must be mado for the transfer OF
S450,000 to the policemen and fire.
mems relief fund, leaving net reve-
nue. credits from such sources So.
07S344.35. The difference Of s9.o5a,-
444.05 to meet the Districts liability
Of 1sI5,iS1,7 40 under appropriations
for 1924, and the second fifth Of the
required cash fund, must be raised
from taxes on real estate and tangi-
ble personal property. 40 meet this
need and to provide against any
shortage in revenue collections in
following order:
THAT, pursuant to the provisions
off the act OF Congress, approved
June 29, 1922. entitled: IAN act max
ins appropriations for the govern
ment Of the District Of Columbia and
other activities chargeable in wh6le
orr in part against the revenues of
such District for the fiscal year end
ing June 80, 1923, and for other pur-
poses," the rate of taxation on taxa
property for the fiscal year ending
June 80, 1924, is hereby fixed at $1.20
ons each 500, respectively, of the full
value assessment thereof.
Credited to q. 8.
The District appropriation act for
1913 requires all revenue derived from
property not owned wholly or in part
by the District to be credited entire
lysto the United States; REQUIRES the