The Waterbury Democrat. [volume] (Waterbury, Conn.) 1917-1946, 1937-01-08
Formulating Plan Of Relief for Coming
Year; Laying Ground Work for 1899
Plans; Continuation of CCC

pIOyees from which $4,000, 900 and
S134,552, 900, respectively. will be
derived in 1887, will produce no
revenue in 1888 since under exist
ing law these taxes expire during
1887. The first full year Of tax
collections under the social Sc
curity act will result in revenue
Of S774,8OO, 900 in 1888, which sum
Is $45O, 100000 greater than the
anticipated revenue i'm 1887, when
collections will be for only six
months. It Is believed that GUS
toms revenues will rise from $446,-
100000 during the present fiscal
year 70 $463, 0OO, 900 In 1888, a gain
Of $4,000, 900. Miscellaneous re-
ceipts. However, will; decrease 49,
$4,000, the 1888 collections being
estimated at $751;, $4,000, as com
pared with S160,5O0,000 during
1887. From realization upon as
sets $3O,625. 900 will be received,
while in 1887 receipts from this
source will amount TO $31,83O, 900.
expenditures
The expenditures for 1888 con-
tempyated under this budget Tex
elusive of those from postal rev.
enues) will total $6,l57, $685. 900 or
approximately $2,323, 100000 less
than In now estimated for 1887.
General expenditures for regular
activities amount 10 S5,841, 1858, 900,
as compared with 5,664,647,O 900 in
1897, an increase Of 1881, 600.
The 1887 estimate, however, con-
tains an amount Of $563,5OO,OOO
for completion Of adjusted COM
pensation payments to veterans,
so that the comparable increase
over 1887 Is S740.S21, 900. For re-
covery and relief there is includ-
ed in the expenditures for 1888
the amount Of $4,000, 900, which,
Of course, is not the full amount
that will be required for relief
during that year. As previously
indicated, 1t Is our present hope
that the additional amount To be
requested for this purpose will not
exceed 1887, 1870, 900. Thus the
total expenditure for recovery and
relief during 1888 would be ST.
853,154,00O, or $963,O03,0O less
than the amount estimated for
1887. Again emphasize the con-
tribution which employers can
make TO this attainment.
The general expenditures in
cIudc $860,00O,00 for interest on
the public debt, an increase Of
$25,0O0,000 over the amount for
the present fiscal year, and S40l,-
$4,000 for statutory debt retire.
ments, decrease of 100000.
Exclusive of tho service on the
public debt and the payment of
adjusted compensation to veter-
ans, there Is q net increase Of
$718,831,000 In expenditures for
regular activities rs compared
with 1887.
This increase Is accounted for
rs follows: For increased require
nents under the social security
act, $436.337, 900; for additional
expenditures under the general
public works program, $132,519,-
600; for national defense to pro-
vide for the increased strength Of
the army as directed by congress
and to provide for replacement of
naval vessels in accordance with
existing authorizations, 2,882, 900;
for the necessary funds for the
activities of the railroad retire.
ment board and for rural electri-
fication. $39,566, 900; and for in
creased needs Of other activities,
$17,537. 900.
SURPLUS, PUBLIC DEBT
The surplus for the fiscal year
1888, as presented in this budget,
Is $1,135, 100000 after providing
for debt retirement. Excluding
provision for debt retirement, the
surplus will amount TO $685., 123,-
900. As i have previously stated,
IL is hoped the additional needs
for relief during the fiscal year
1888 will not require expendi-
ture Of more than this latter
amount. On this b:.is the esti-
mated gross public debt, on June
30, 1888, wifi lbe about the same
amount as at the close Of the ifs
cal year 1887. This does not take
into account any change which
may occur as q result Of. the treas
ury policy in holding as "inac-
tive" future acquisitions Of gold.
APPROPRIATIONS
The total appropriat ions rec
commended In this budget aggre-
gate $6,839, OOO. 900, including those
for the postal service, District Of
Columbia, and probable supple
mental items while the appr0-
priations already made and pros
pective supplemental items for
the fiscal year 1887, exclusive Of
requirements for recovery and re-
lief, total $6,261.0O0, 900, an in
crease Of $578,000,00O for 1888.
This increase Is due to additional
appropriation amounting to $780,
O0O,O0O ON account Of the social Sc
curity act; $8O,000,000 required un-
der the general public works pro-
gram; and $189, 009,000 on account
Of departmental requirements, in
Guiding the national defense. The
appropriations made and contem-
plated for recovery and relief for
1887 total $2,215,0 0O, 900. whereas IT
Is hoped that corresponding APP
preparations for 1898 will not ex-
coed $1,537, 1928, 900.
PART ~
THE DISTRICT OF COLUMBIA
District Of Columbia appropriation
act, approved June 20, 1885 pub