Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-18
Tentative Estimates for Next
Fiscal Year Computed on
Basis Of 80 Tax Bate.
$40, 700, ,345 MUST COME
FROM PROPERTY LEvIES
Commissioners Foresee Pruning Of
Figures$3 900 of Surplus
Remaining Will Be Utilized.

Bureau OF the Budget yesterday BY
Daniel j. Donovan. the Districts
auditor and budget officer.
The Commissioners In framing the
budget. It was pointed out. computed
the total on the basis Of continuing
the tax rate Of $1.s0 fixed for the cur.
rent fiscal year. "It should be borne
in mind, however," commented Maj.
Donovan. that this computation does
not take into consideration any sup
Elemental or deficiency appropriations
for the fiscal year 1928"
The estimates are divided into the
following classes:
Estimates chargeable to the Fed
eral and District governments $685.
726, ,345.
Estimates chargeable to the gaso-
line tax fund, $1,20o.000.
Estimates chargeable to the water
fund, $1,414.a80.
Estimates under permanent and In.
definite appropriations, $225,o00.
Estimates under trust and special
funds, $2.465,o0o.
Estimated Receipts Given.
The estimated receipts Of the Dis
trict for the 1928 fiscal year, based
uDon the tentative estimates sub
mitted for that year, follow:
Uax on assessment Of Intangible
personal property, $4,000, 900.
Tax on earning Of public service
corporations, banks, building a9so-
Citations, ETC., $4,000, 900.
! Miscellaneous receipts from special
assessments, fines. fees. permits, ETC.,
Gasoline tax fund collections.
81 zoe 900.
water fund collections, $1.414.sSo.
Collection from trust and special
Baiancs remaining unappropriated
Of the surplus revenue fund OF the
District, &301 900.
Contribution BY the United States.
AMOUNT which would have to be
raised by application Of q tax rate on
the total assessed value OF taxable
real estate and tangible personal
property. $20.7Oo,S45, making total
Would Avoid Deficiencies.
The letter of transmittal which ac-
companied the budget explained that
the Commissioners hope TO AVOID
asking for supplemental appropria-
lions and also have adopted a policy
that funds carried in the annual ap.,
nronriations acts shall not be made
immediately available. for expendi-
ture except in unusual cases where
the public interest may require.
Attention of the Budget Bureau
also was invited to the fact that the
District, beginning with July l, 1877,
viii operate upon q strictly casn-
payinR basis as against the previous
practice Of borrowing moneys from
the Federal Treasury to meet ad-
yances under appropriations.
saThe Commissioners, in framing
the tentative budget of estimates for
tha District for 1928" said the letter,
"comnuted the total on the basis OF
continuing the tax rate Of $l.SV nXed
for the fiscal year ending June 50,
1897. The total estimated assessed
value of taxable real estate for the
f,scal wear 1928 is $1,05O,o00,OOO. ana
the total estimated assessed value
~ tangible personal property for tnas
fiscal year is '$105. 100000, making a
total for both purposes OF $1'!eo,
oDO. 600. The application OF $1.SV
tax rate on this combined assessed
value of taxable real and personal
nronerty for the fiscal year 1879
should raise about $2o,6So,0oO.
Rate to Yield Excess.
.vrhe foregoing statement shows
that on the basis of appropriations
heinR made equal in amount to the
tenfative estimates for 1928 total
~ $40 .7OO. .S45 would have 10 %
raised ON taxable real and personai
nroperty. so that q tax rate OF Sl;eO
shoaid produce an excess over tne
renuIred sum Of about $4,000.
"This information il presented
.olalv for the purpose Of showing TO
tha R,dret Bureau that the total Of
the tentative estimates OF the Com
,niaaioners for 1928 10 computed on
tha baais Of continuing the 1871 tax
rate of $50. It should be borne IN
mind, however, that this computa-
fion does not take into consideration
any. supplemental or deficiency ap-
nropriations for the fiscal year lSze.
saThe Commissioners desire 70 IN
yite attention to certain maAtes
..r.Sc,, ara ~ material interest in con-
,.acfior, with. the consideration OF the
estinates OF the District for the nscal
wear 1928. Under the provisions OF
sha District appropriations act ap-
nroved June 20, 1922, the District y
re0uired. beginning with July 1, 1927,
~ operate upon . strictly cash-pay-
snr hasis as against the pre-existing
nrsctice OF borrowing moneys from
the United States Treasury from
time 4, time through the year with
ont a1 interest to meet advances under
appropriations.
Cash Fund Provided.
.srbe act OF June 20, 1922, required
tha Commissioner to accumuiaie.
during the ave years beginntng witn
Iuiy /, 1922. q cash fund that wouio
"a su6icient to enable, the District 70
meet this condition Of o cash-paying
hasis. and in each Of those hve years
the commissioners have included N
the annual tax rate an increment ol
$500. 900 towards the accumulation o1
4 total cash. fund OF $4,000, 900 Dy
July i. 1927. This sum, In addition 70
the contribution Of s., 200 900 BY the
United states, made available in total
for advancement to the District at
the beginning OF each fiscal year,
would provide FOR q cash fund Of S12,
Oo0. 900. This. It IL believed, win be
amply slfIicient to enable The Pistx1ct