Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-06
TAX RATE OF S1.0D
is FIXED TO RAISE
sum OF SlS,B2,O)D
u. S. Contribution and Other
Leyies to Bring SIS, ,7oo, 900
Of Total Budget.
TAXABLE REAL ESTATE
VALUED AT $e40;O00,0oo
Assessment Of Tangible Personal
Property at $1o2, 10000 Puts
Total Above Billion.


tate and tangible personal property
on each 800 of assessed valuation
was fixed by the District Commits
sioners today as the rate for the cur.
rent fiscal year, upon the recommen.
dation Of Auditor Daniel j. Donovan.
This represents an increase of 10
cents over the levy for the fiscal year
just closed.
The new schedule, according to the
auditors calculations, will Yield an
estimated revenue of $1s,752. 900, as
against the required sum of SIS.
645,277.25.
The necessity of higher schedule.
1t was pointed out, is due to the fact
that the estimated charge against the
revenues Of the Federal and District
governments for the current fiscal
year amounts to $34,345,277.25, and
that only $15,70O.00o of this amount
will be produced through the Federal
Governments contribution of SO .000..
600, and the tax on Intangible per.
sonal property, the tax on public sery.
Ice corporations, banks, building asso.
Citations, ETC., and miscellaneous as.
sessments.
Fiscal Report Made.
Auditor Donovan's recommenda.
tions for a higher tax rate formed a
portion OF a comprehensive 1s-page
report on the Districts financial con-
dition. The report described the oper-
alton or the tax rate Of $l.70 in the
last fiscal year. and gave compare
tive analysis of the appropriation
needs recommended by the depart
ment heads for the l927-1928 fiscal
year, as well as probable tax rates
for budget totals during that period.
The section devoted to the current
$1.S0 tax schedule follows:
For the fiscal year ending June
30. 1927, the total amount appropri-
ated by the District appropriation
which Is deducted items chargeable
to the water fund, amounting to ST.
294,191; Items chargeable to the gas
oline tax fund, amounting to $685.
100, and items cf1argeable to the sur
plus revenue fund Of the District,
amounting to $I.725. 600, leaving the
amount to be paid from the revenues
Of the United States and the District
of Columbia $30,241. $50. To this
amount must be added $500, 200, rep
resenting the fifth Of the cash fund
VI sVOSVUVbVVV 70 Do Ed49SQ Dy July H.
1927; the estimated expenditure for
$4,000; th1 estimated expenditure
for extensi0i Of streets in accord
ance with the plan for the permanent
system of Highways. 100000: the
estimated expenditure from District
revenues for the payment of pen
sions to retired members OF the
Police and Fire Departments, $780,
600. and estimated supplemental and
deficiency appropriations in the fiscal
year 1927, including additional ap-
preparations for school buildings
under the five-year building plan,
$1,000,000.
Deficiencies Are Added.
There is also added as a charge
against the tax rate for 1927 the APP
propriations carried by the deficiency
appropriation act approved March 3.
1926, chargeable to general revenues
of the District amounting to $1,150,-
340.3S, and similar appropriations car
ried in the deficiency act approved
July 3, 1926, amounting to $628, ,656.67.
The several amounts indicated make
the total definite and estimated
charges against the revenues Of the
United States and the District OF Co
lumbia for the fiscal year ending June
30, 1927, .S45.277.25.
. The estimated revenues for the ms .
cal year ending June 30, 1927, are as
follows Tax on intangible personal
$2,150,0o0; tax on earnings
Of public service corporations, banks
building associations, ETC., $2.050,000;
revenue collections, In
cluding special assessments, licenses,
fees, fines, ETC.. $2,500, 900: contribu.
ton by the United States. $9.000,0O0.
This makes a total OF $l5,700 900, and
leaves SIS, ,645,2T7.25 to be raised by
the application Of a tax rate on the
full assessed value Of taxable real es.
tate and tangible personal property.
Assessment Above Billion.
.'The estimated total assessed yalu.
alton OF taxable real estate for the
fiscal year 1927 Is $940, 600, and
for tangible personal property, $1O2.-
600 900; making q total estimated val
uation for both purposes Of 81, ,O42 .00O,.
900. The application of q tax rate OF
81 80 ON each 500 OF the full value
assessment OF real estate and tangible
personal property viii, therefore, pro-
duce an estimated revenue Of SlS,-
1884, 900 as against the required sum
OF $1s.645,277.25.
Referring to the appropriation needs
recommended by department heads
for the fiscal year ending June 30,
1928. Mr.. Donovan explained that the
total amounts to $48, ,064,6Sl, exclusive
of the estimated expenditures OF more
than 50 900 900 for trust funds. The
estimated revenue receipts for the
District for that fiscal year total
SIS, ,450, 900, leaving $2S,614,6S1 70 be
raised on taxable real estate ana