Evening star. [volume] (Washington, D.C.) 1854-1972, 1930-08-24
FINANCIAL REPORT
| TO SHOW CITY NEED
FOR MORE REVENUE
viii Analyze Budget Based
on $3.50 Tax Rate and
$4,000, 900 Lump Sum.
EXTENT OF SURPLUS
AFTER 1891 IS SOUGHT
Donovan's Nve-Year Program Dis
carded as Legislative Demands
Deplete Accumulated Funds.

Maj. Daniel J. Donovan, auditor ana
budget officer of the District, started
to work yesterday on q comprehensive
financial report for the Commissioner
which win show the prospective finan-
ctal condition Of the municipal treas.
ury at the close Of the current fiscal
year and the outlook for 1882 on the
basis Of the contemplated budget Of
more than $48,ooO,oO0, which the COM
missioners have predicated on Q $50
tax rate and q $1o,ooo.ooo United
States contribution.
Extent Of Surplus.
Although the District Is now spending
from the 1881 purse, which contained
$45, 7S1 900 on July /, and collectink
revenues for this year, it does not yet
know what the status Of its finances
will be at the close of the 12-montn
period-a very important question In
connection with the final determine.
ton Of the size of the 1923 budget. Tina
report OF Maj. Donovan, therefore, win
play an important part In the proceed.
,ngs before the Budget Bureau this
Fall, when the District estimates for
1892 come up for consideration.
The District knows, of course, that
It's income for the current year, coupled
with the $4,000, 900 contributed by the
Federal Government, will provide every.
thing called for in the appropriation
act, with something left over. What
this surplus win amount to, Donovan
Is anxious to determine
On the haSfc <.F rlSn~ o~1~,,e~ "a -
Donovan said the surplus would s.
negligible. amounting perhaps to $780,.
600 or 100000, and the District would
have to finance its 1892 expenditures
It does q total Of $4,000, 900 is predt-
Gated on an increase in the tax rate
many years. When these estimates
We're made the Commissioners had not
decided to continue the $1.T0 tax levy
was some doubt as to lust how how much ,
money would be needed 10 give the
police and firemen their salary me
creases. Now these are known qilantf.
ties and Donovan can figure much
more accurately how much Of the 1891
revenues win go to create q surplus 70
be carried over to help finance the
coming hscal years budget.
Higher Tar Rate.
Commissioners for 1882, exceeding a.
It does total Of $48 900 600, IS pre-
dicted on an increase in the tax rate
from $l.70 to 81 .8O. and 4 contribll.
ton Of $l0,000,000 by the Federal Cow
eminent. The Commissioners know
that 10-cent raise In the tax levy.
applied to current assessments ON real
and personal property win add about
$1,000 900 to the revenues, but as far
as could be learned they have NOT; beer
given any assurance that Conaress vyiiI
be more liberal in It's aid to ti1e MS.
trict by raising the Federal ay,tc A.,
SO 900 ,000--Sl ,0OO. 600 more than II an
propriated from 1925 no to the 1o3l
fiscal wear when It raised the contrin,,-
ton Of the FederaL Government 20
SO 500 600.
The $3.50 tax rate. and an assumed
$40 OOO. 600 Contribution hv the TTnited
states. were ,lsed bv the Connrissioncrs
solely as the bases for arrivi,,e a. scrrs
TANGIBLE method Of RAISING s,,fsiciert
revenue to slynnort a BUDGET A. ths
size they have Submitted IN the EudSet
Bureau. This whole formula nav -
changed however after TIE h,,d,st
oets ~ co,,uress .e Dvo ~
findings of the snec,al IJonse co.,
mittee appofnted II deternnins : Ssir
and EQUITABLE basis of fiscal relations
hatwaa,, a. r,asans, =, siora. as.a.ao .,
srnm,s,ts INC re-, aaa and ssrict gov
,,oi,teS c,,t ..,, S Soi .l ~ a.. ~ 49,
nr more oe sho,,ld may ~ a. slias saz,Vvovvv
~ or,,,,ae,,t,. s. lHan DC sne EeueIM Goy-
q tax ;,,c,..s s sl w.uS I woulu upviace
-. ',n LILY. esSe st,ou.o Sonsress approve
40 Ae0oiiiiisiiuaeaoNs'
Fiye-Year Plan Seranned.
nh. eho mo ooo 1890. -.
1000 ,,;,.,,,. yTv'v ~. nLoset aIaneu LOT
A,,.r.;a, ,s.s a.sool1eu Ia0 ,lve-yeAr
,,.s.;ats p.osIam % MAJ. donovan,
VIZ. III &c plepsIeu IA MaIcn, ISzy. -
SOY VI : guIue 20 tne commissioners
aiu sne buuget bureau. FOR the nve.
year period, beginning with the 1886
lscal ysar, the program suggested total
expenoitures OF $zSO,6lB,000 which,