Evening star., 1924-04-22
Funds Measure Carrying
$23,755,517 Is Report
ed to House.
DECREASE OF S818,465
UNDER CURRENT FIGURE
District Share on 60-4O Basis $l3.-
451 ,5W-Federal Government
to Pay $780,, ,666.


which is net decrease of Ss18,469
under the appropriations for tn"
current fiscal year. the bill recon
mending regular annual appropria
tions for the support of the National
Capital for the fiscal year beginning
July L next was reported to the
House today by Represen tativ~
Charles r. Davis of Minnesota TIL
total of the bill as reported ia
s1,ss7,333 less than the estimates
recommended to Congress by thu
budget bureau
With the exception of a singh
item in the Interior Depar tment ap-
preparation bill on account of F'reed
mems Hospital, this bill embraces al
regular annual appropriations charge
able partly to the Treasury of the
United States and wholly or in part
to the revenues of the District OF
Columbia, including appropriation
on account of park areas under th-
1urISdlction of the superin ntendent of
public buildings and grounds, tn,
Geological Park, and for certain worl,
being performed under the super
vision Of the engineer department OF
the Army.
or the amounts in the bill s13-45l.-
2oO.2O is payable from the Disuict
revenues on 60 per cent basis
while the 40 per cent participation bv
the federal government amounts t.
SS,9el, 666. .S0-while slS3,49O is pay
able wholly from District revenues
ana sl,l52,s60 is payable wholly from
the water revenues. This does not
include the permanent annual and
indefinite appropriations which oc-
cur automatically each year For
1870 they amount to s1.226e6s. or
sZS3.sS1 less than for the current
| fiscal year.
81 1,so0, 900 for Pay Increases.
In his report to the House. Chair
man Davis of the subcommittee
which drafted the District appropria-
| ton bill calls attention to the fact
that the enactment of the pending
bills Oh. r 5s55 and 67zD fixing the
salaries Of officers and members or
the metropolitan police force and The
rlre department and of teachers
school officers and other emplore.
or the board of education Of the Dis
uict OF Columbia will necessitate a
rurther appropriation of Approximate
~ sl,SOO,000. exclusive Of the add
eloLlal appropriation that the one-day-
resi- esI-ih- seven provision in H R 5SS5
Will make necessary estimated 70
cost SiSS,200. $50 while there ma.
De room to question the committ.e.s
viewpoint with respect to the urrencI
OF importance of certain items for
| winch 1T is not proposing to NJ
vide appropriations or to nr,r;5
| them 10 the extent desired. the totaI
| sum recommended, bearing in m;ns
Ihe appropriations which must fol
| to". imposes demand on fedora
hulus beyond which it would seen,
| unWlSe to go at this time" savs D.
| reSentative Davis IseP
u -he total amount recommends,
~ me committee to be Appropriated
.Re .a asf federal ID e al governments share is
ref1nde6 ieoo' ~ So: portion OF this will b.
| Iuhued pS reason of the fact that
| the government shares in colIectinnS
| rom various sources in the same nro
portion as 1t contributes to the ar
Sinitles which produce revenue In
$51 5.010.55. and in 1922 s41e4S 80
For 1873, the figures for which are NO,
nnal, the receipts will amount tn
aDout Sd'o2S,270.07. The large increase
lot LOT 1873 is explained by the IegisIa
uon carried in the District of Col11n,
ola appropriation act for that fiscaI
year, which increased the particina
tlon OF the United States in such mis-
lcelIaneouS receipts.
/ S3OO.OO0 For Debt
Chairman Davis calls attention to
| the cash reserve as follows:
In the District of Columbia ap
preparation act for the fiscal wear
1923 it was provided that by July
1877, the District should have accu
mulated cash in an amount sufficient
to enable it thereafter to defray its
lawful share of disbursements and
not be dependent upon the federal
Treasury for advances to be repaid
from District revenues subsequently,
received. To aid in bringing about
this degree of independence the law
provided that real estate and tangible
personal property should be assessed
at its full value and at such rates a.
would, in conjunction with other
| revenues. meet current expenses and
contribute toward the reserve to be
! available by July /, 1927. In 1922
| prior to the law referred to, the as
sessed value of real estate in the Dis
trict of Columbia was $472,S74,20
The first full value assessment was
completed on January /, 1928, and
| established the full value of real
estate in the District of Columbia al
| $lol ol,U0o,o0o. Inc TAX rate, however
| dropped from $1.S2 in 1922 to $40
| this present fiscal year. The District
| authorities estimate that $4,000 e0u
will suffice as the reserve which the
| law requires shall be accumulated
and are proceeding with the view to
| amaSsing that amount by July l, 1877,
at the rate of $500, 900 a year On July
| 1, last, more than s1,2Go, 900 had been
| accumulated, with three years re-
manning in which to build up the bal
ance.
1.-The maturity date of the 3.65
bonds issued under authority con
| tanned in the act of June 20, 1874
GS Stat, 1900, falls on August l.
| was limited by law to SIS, 900, 900
Retirements up to June 80, 1923,
| amounted to $40, ,410,750. The sinking
fund assets for the payment of the
remainder of the principal $4r5S9.25ol
maturing next August amounted on
June 80, last, to $4,423,64O.91, or
$165 ,609.09 less than the sum required
fully to satisfy the outstanding in
debtedness. 1t is estimated that by
August next the deficiency in the
sinking fund plus the excess of in
terest payable will make necessary
| an appropriation of 100000 to dis
charge in full the 3.65 outstanding
bonds, and the committee is proposing
| an appropriation in that amount. The