Evening star., 1927-12-05

AZ; ~ s,i, on.ion '.'..... 45oi os0. !;
Public-service enterprises :. o.a4a. 800 .s3
S33 3.o55 $40. ~
Trust and Special Funds.
"The collections on account of trust
and special funds for the fiscal year
1927 amounted to $685., 2,60917, water
revenues representing $1,452,139.17 of
this total; policemen and firemen's
relief fund, $592,152.42; miscellaneous
trust fund deposits, $953,772.02; fund
for redemption of real estate from
tax sales, $735,242.S3; teachers re-
tirement fund, $341. 1.359.12; and the
balance being collections for a num-
Der of miscellaneous trust and spe-
cial funds.
"The expenditures on account of
trust and special funds during the
fiscal year 1927 amounted to $5,029,-
351.89. Included in this amount We're
expenditures for the Water Depart
ment, $1,326, 6,214.S3; for the police
men and firemen's relief fund, $780,
467 65; miscellaneous trust fund de-
posits, $1,014, ,569.36; Washington re-
demption fund, $645, 5,105.23, and teach
ers' retirement fund, s33s.167.59.
Cash Balances June 80, 1927.
1.-THE cash balance to the credit of
the general fund of the District of
Columbia in the Treasury, of the
United States on June 30, 1927.
amounted to 81, ,451 ,944.16, but in this
amount is included the sum of s2.292,-
631.7S, representing the balance to the
credit of the surplus revenue fund of
the District of Columbia, which
amount when deducted from the gen.
nt-n haI I0 H.
ance to the credit of the general fund
of the District of Columbia of $9,159,-
312.3S, and to the credit of trust and
special funds, s1,171, ,399.92.
Assessment of Property.
''The act of Congress approved
July 8, 1926 public, No. 4S0), provides
that real estate in the District of Co.
lumbia shall be assessed annually for
purposes Of taxation.
Real Estate Assessments.
''The assessed value Of land was
$400, 1882, ,739 and the assessed value of
improvements was $545, ,4S4, ,7O3, or a
total of $946, ,367 ,442 for the fiscal year
ending June 80, 1927. Against this
assessment rate of $3.50 was levied,
making the tax 17,034,614.
For the previous year, 1926, land and
buildings were assessed for $500. .749,-
S42 which, at a rate of $1.70, gave a
tax of $15,312,747.
THE tax rate for the fiscal year
1928 has been fixed at $1.70 per hun
dred.
"The value of new buildings and adj
ditions added for the fiscal year 1927
28 amounted to 7,476, 300, located as
follows: Northewest city, $S,542 800;
northeast and southeast city, $780,.
500; southwest city, $205,900; north
west county and Georgetown, $32, ,427,-
900; northeast and southeast county.
$3,903,200. Amount of assessment
for improvements removed, $629,050.
Personal Tax Assessments.
"The personal tax levy for the fiscal
year 1927 had grand total of $6,290,-
134.72, derived from three different
classes of assessment.
First, an amount derived from q
levy on household furniture (above
$1,000 value), merchandise. jewelry,
boats, vehicles, horses, ETC., or what
is commonly known as tangible per-
sonal property; second, from a tax
on the gross earnings of banks, trust
companies and public service corpora
tions; third, from the tax on moneys
and credits, including moneys loaned
and invested, bonds and shares of.
stock, or what is generally known as
intangible personal property.
Gas Tax.
"Under the act of Congress ap-
proved April %, 1924, motor vehicle
fuel importers are required to report
monthly as to the number of gallons
Of motor vehicle fuel sold. used, or
otherwise disposed of, and to pay
tax, at the rate of 2 cents per gallon.
For the fiscal year ending June 80,
1927, "a companies and Govern
Ions, with the resultant tax of 81 ,091,-
212.26. This indicates an increase in
the number of gallons reported over
1925 of 6,506.569 gallons, and an in
crease in tax of $30,131.39. The Gov
ernment agencies reported 518,187
gallons, with a tax of SD ,363.74. The
number Of gallons reported for the
fiscal year 1927 would indicate that
the average tax per car on motor ve-
hicle fuel used for II months was
$10.91.
License Bureau.
During the past fiscal year this Office
collected a total of $308,526.14 in
license fees of all kinds. or this
amount $141.116 was collected for
motor-vehicle registrations and $751;
410.14 for miscellaneous business
licenses.
I'm connection with the registration
of motor vehicles. attention is invited
to the reed of the District of Columbia
for motor vehicle title law, and such
law should be enacted as soon as
possible.
THE collection of revenue from
miscellaneous business license taxes
| has not grown in recent years as it
should in proportion to the growth of
| the city, due to the fact that many
changes have taken place since the
passage of the act, under which the