The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-09-09
The District Should Control
Its Own Finances
By BILL PRICE

Before we finally achieve political independence here
through suffrage we should have financial independence
complete control of revenues and
numbering interference and ntricaces OF the
Director of the Budget Treasurer of the United States
Because for example the United States contributes
year its portion Of the upkeep OF It's own
Federal City, the other three ourths being borne by
of the District collected from people
into the hands of the Treasurer Of the United There
it stays until used.
Because the District appropriation BILL than three
fours be paid future fiscal years by District
people, included in the total budget Of the United States
each wear the Director Of the Budget sases
District needs just the all the money out of
the Treasury of Uncle Sam and must be accounted for to the
people Of the country.
the total budget of the United States each year. subject
explanation to voters when the Federal Government con
tributes nothing but &c. 10000 year. is hard to explain
except the basis of Federal supervision of everything
nected with this city.
Of money appropriated each for the Federal Govern
ments operations The 100000 lump the only part
which properly belongs there.
The time is rapidly approaching when District officials the
Citizens Advisory Council and all civic bodies should combine
their influence to seek from Congress fiscal freedom for the
Dlsticta Of and budget director Of
own leaving to handle finances This is all the
more important and necessary since Congress has embarked
The question Of how this 100000 appropriated
must be decided by Congress in the year Under
the act Of June &c. 1922 accommodating surplus of
District funds for the purpose of putting municipal gov
cash basis thereby relieving the Federal
ment Of having to advance money until collecting
periods November May each year. As things
arranged by Congress town council the Fed
era Treasury advances money to deay expenses until the
first tax collection period in November and afterward
money is needed.
By July i 1927 fund ought to be about
100000 giving good start q cash basis. the
100000 lump is placed the Districts immediate
credit at the beginning of the fiscal year 1927 and thereafter
should be- the matter Of Federal advances will longer
be subject Of worry in Congress With the November tax
collections following there will be ample money Dis
trict requirements until tax collections in May.
As reach the desired cash basis the time will come
when there win be hand in the Federal Treasury
siderable money the credit Of the will lay in
the Federal Treasury without doing anybody good
In other American cities where the people control
affairs accommodations Of municipal monies necessary
for immediate deposited in local banks subject to
interest payments The municipalities benefit the interest
upon these deposits the banks and the business
ties benefit by the Of the money which belongs these
cities to promote industry building and everything else
Here in the District unless have change any accumu
aon OF funds in the future will go into the hands the
OF the United States and stay there doing nobody
any good.
we could bring about change in this situation it
would De welcome It will take time get such
change from Congress.
District tax funds should CO. whenever get upon
OASIS into the hands Of local treasurer any sur
pus should go as deposits in local banks We should
wise nave our own director Of the budget There decent
reason why $90OOO00 paid to the District each
year ny the Federal Government should enitle the
to control District finances top to bottom
Win inevitable Federal dictaon interference in the
smallest local matters