Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-07-23
DISTRICTS INCOME
TOTALS $33,4&,825,
SETTING HIGH MARK
AII Sources of Revenue Con-
4 tribute to Increase for
/ Fiscal Year. y
COLLECTIONS $e71,953
/ ABOVE THOSE OF 1923
largest Percentage of General Gain
!, Derived From Realty and
! Gas Taxes.

i The diverse sources from which the
District obtains revenue all contributed
/ to the increased income for the 1929
fiscal year ended June 80 last, which
raised the collections to an unprece-
dented total of $33.484 1855, accord
! ing to a report prepared for the Com
missioners today by Chatham M. Towers,
collector of taxes.
The collections in 1929 exceeded
those of 1928 by 1911 ,953 SO. When Mr..
/ Towers first compiled the total of COL
1ectionS several weeks ago, it was
| thought the increase was borne princi-
! pally by the tax on real estate and the
, 2 cents tax on motor vehicle fuel. The
analysis of the 1929 income in the
tax collectors latest report, however,
shows that the revenue from all sources
was greater last year than in the pre-
ceding 12-month period.
Nevertheless, the analysis indicates
that the tax on real estate and gaso-
21ine produced the largest percentage of
the general increase. The revenue
from the assessment on real estate was
1858 sos IS more than in the 1928 fiscal
year. while the gasoline tax fund was
higher by $l93,e30.
Gains From Other Sources.
The amount Of increases In revenue
from other sources Is as follows:
Tangible personal property. $l44,Ss6.-
~. intangible, personal property. which
includes the tax on public utility cor
porations banks. loan associations. etc.
fl1S213.33; tax on insurance companies
Sal ,55404: interest and penalties. $l4,-
o95.69 and miscellaneous receipts
which includes fees from permits
licenses, court fines and special assess
ments, $22, 39796.
The revenue yielded by the tax on
real estate in the last fiscal year
amounted to s19.382 1929. as COM
pared with $18,818,877.38 in the 1929
report. The tax OH tangible personal
property produced $3,701671. In the
1928 fiscal year the total was 1885,
$685.. The income from the tax on
intangible personal property last year
was $2.496, 1921. compared with
S2,378, 569.28 in 1928.
Insurance Taxes Jump.
I In 1923 the insurance companies paid
tax Of 1903. 1886. and last year 1t
! jumped 10 $341.574.o5. The interest
and penalties in 1928 totaled 1884,
440e0, whereas last year the total was
s414,e95.69. The miscellaneous collec-
lions also increased from $2,532.243.21
in 1928 to S2.554,341.17 in 1929. The
revenue from the gas tax if4- 1928 was
3 S1,142 ,441.14. compared with $1,677,-
1S484 in 1929.
The analysis of the 1929 revenues. to-
Eether with the collections by months.
will form major part Of the annual
report of Mr.. Towers. which is now
under preparation. The annual report
elso will contain statement Of the
Districts income from all sources in the
last five fiscal years, showing that the
annual revenues have increased more
than $11 200, 900 in this period.
The largest increase will be shown in
the 1927 fiscal year. when the receipts
were 1921 ,667 higher than in the pre-
ceding fiscal year. A 10 per cent in
crease in the tax levy for that year is
responsible for greater portion Of the
higher collection.
The increase of 1911 ,95338 last year
over the 1928 year however, is regarded
as siza6le' since the tax Fate in these f9Se
OF assessed valuation,