J^C^^
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THE CITY OF NEW YORK
DE PA RTM E NT OTTINANCE
^1 REPORT
:r| TO
=1 The Board of Estimate and Apportionment
RE
= DEFICIENCIES IN TAXES
BV
WILLIAM A. PRENDERGAST, Comptroller
New York, October 27, 1916.
To TIIK BOAKD OF ESTIMATE ANU ApPOUTIONMKNT :
Gentlemen —
I herewith submit statements upon whicli tlie Board may predicate its
action in complvinj^ with the requirements of Section 248 of the Greater New
York Charter as amended by Chapter 209 of the Laws of 1906, viz., in deter-
mining: the appropriation for deficiencies in taxes to l)e inchided in the budget
of 1917.
The section referred to requires that —
" The board of estimate and apportionment sliall * * * an-
nually include in its final estimate the following sum which shall
annually be raised and appropriated: A .sum equal to so much of the
deficiency, on the preceding first day of January, in the product of taxes
theretofore levied and deemed by the board to be uncollectible as shall
not have been provided for in prior tax levies or by the issue of corpo-
rate stock of the City of New York, or by such corporate stock duly
authfirizcd by said board to be issued."
The statements herewith submitted consist of the following:
Table " A " — I'.alancc sheet, setting forth the condition of the tax levies
of the years 1905 to 1915 inclusive as at the opening
of business January 1, 1916.
Table "B" Amjilifying Taljle "A" by giving the totals of discounts,
cancellations, etc., agamst each year's tax levy, and
similarly showing the amounts added to each year's
tax levy or budget to cover deficiencies in the product
of taxes since January 1, 1905, thus supporting and
giving all essential particulars with respect to the
totals of losses and gains on Table " A."
Table "C" — Operating Statement, summarizing the financing of the
annual budgets of 1905 to 1915 inclusive up to
December 31, 1915, showing —
(1) the total budget appropriations for these years;
(2j the total payments from said budgets up to Decem-
ber 3'. 1915;
(3) grand aggregate of tax levies of 1905 to 1915 in-
clusive;
(4) total collections therefrom to December 31, 1915;
(5) losses by discount, cancellation, and deductions
under Section 48 of the Tax Law :
(6) the uncollected amount as of December 31, 1915;
(7) the net amount contributed by the General Fund
to finance the budgets of 1905 to 1915; and
(8) the cash used for similar purposes which was
derived from revenue bonds and bills outstand-
ing December 31, 1915.
Table "D " — Balance sheet as at December 31, 1915, showing the status,
as at said date, of the annual budgets (appropria-
tions) of 1905 to 1915 inclusive.
The purpose of this series of correlated statements is to show, by two
methods of procedure, the accuracy of the conclusions reached, viz. : That
on the first day of Januar\' of the present year there was a deficiency of
$5,060,099.56 in the product of taxes theretofore levied (since January 1. 1905),
and deemed to be uncollectible, or, in round figures, a deficiency of $5,000.0)00
to be provided in the budget and related tax levy of 1917.
J „ . . The first statement, viz.. Table " A," deals with
Losses and Uams m j,^^ subject bv stating the losses and gains of the tax
lax Levies and j^.^.j^^ ^j^^^^ Januarv 1. 1905, bv dividing these into the
Kesultant Ueticit. smallest number of significant elements :
The losses of a tax levy consist of discounts ; cancellations ; the amount
of taxes which may subsequently be found to be on City property and which
therefore must be provided for as a deficiency, and the amount of taxes still
outstanding which are deemed to be uncollectible ; in brief, are uncollectible.
The gains of a tax levy consist of the amounts which, before 1907, were'
added directly to the tax levy, and which, since 1907, have been added to the
annual tax levies through appropriations in the annual budgets. Small addi-
tional gains also come from increases which attach to the many thousands of
separate items on the rolls whereby, through an even tax rate of dollars and
cents, a sum of from $200,000 to $300,000 is extended, in the aggregate, on the
tax rolls over and above the gross total of the theoretical tax levy.
Table " B " is merely for the purpose of supporting the totals on Table
" A " by showing the action affecting each jear's levy with respect to losses
and gains.
Tables " C " and " D " are designed and presented for
Financing the purpose of showing the operations from the budget point
Tax Budgets of view ; in other words, to show that in the financing up to
and December 31, 1915, of the annual budgets of 1905 to 1915
Resultant inclusive, there is a resultant deficit as shown by the Balance
Deficit. Sheet (Table " D ") of S5 .060.099. 56. which exactly corre-
sponds with the deficit as shown on Table " A," the Balance
Sheet dealing with the losses and gains in the tax levies.
As the deficit to be provided in the budget of any year must necessarily
be predicated on (1) actual losses and (2) on estimates of amounts of taxes
outstanding but deemed to be uncollectible, it would be sufficient, to carry out
the rec|uirements of the law, to place an even sum of $5,000,0(X) in the budget
of 1917 to provide for deficiencies in taxes.
Yours truly,
(Signed) W.M. A. PREXDERGAST,
Comptroller,
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THE CITY OF NEW YORK—
Bureau of
TABLE "B" — Re TAX LEVIES of 1905
Statement showing the ANNUAL AMOUNTS of DISCOUNTS allowed for the PROMPT PAYMENT of TAXES;
also the AMOUNT of CANCELLATIONS up to DECEMBER 31, 1915, on each YEAR'S TAX LEVY:
also the TOTALS of TAXES deemed to be UNCOLLECTIBLE.
LOSSES.
Annua
I Amounts of Discounts Allowed for Prompt Payment of Taxes:
Year
Real Estate
Real Estate
of
(Lands and
Special
of
Personal
Levy.
Buildings).
Franchises.
Corporations.
Property.
Totals.
1905.
$468,956 39
$3,985 S3
$3,837 73
$36,297 77
$513,077 42
1906.
489,633 26
4,176 80
873 88
31,668 71
526,352 65
1907.
44«,979 51
4,892 06
6,527 13
29,434 10
489,832 80
1912
285,493 48
19,239 56
12,779 61
317 512 65
1913
■ 258,379 15
14 594 07
5,955 66
278 928 88
1914
264,895 11
17,817 38
9,390 65
292,103 14
1915.
282,073 69
24,678 68
18,079 95
$57,444 61
ons to Decembei
324,832 32
$2,498,410 59
$89,384 08
$97,400 58
ich Year's Tax Levy:
$2,742,639 86
Amounts of Cancellati
r 31, 1915, on E,
'
Year
Real Estate
Real Estate
of
(Lands and
Special
of
Personal
Levy.
Buildings).
Franchises.
Corporations.
Property.
Totals.
1905.
$448,090 57
$22,237 74
$913,969 32
$1,130,558 61
2,514,856 24
1906.
448,809 39
236,202 24
1,228,611 95
709,748 37
2,623,371 95
1907.
499,193 16
343,330 32
1,906,583 65
718,583 72
3,467,690 85
1908.
490,573 44
601,978 98
2,017,650 47
579,978 44
3,690,181 33
1909.
360,541 11
233,745 86
2,079,941 38
561,756 31
3,235,984 66
1910.
307,290 83
1,631,837 00
307,507 26
517,311 03
2,763,946 12
1911.
327,673 76
1,025,261 52
198,100 86
523,405 73
2,074,441 87
1912.
319,459 95
91,744 18
208,609 73
467,162 18
1,086,976 04
1913.
256,116 55
884 75
65,318 46
180,347 13
502,665 89
1914
223,606 16
4,454 08
69,409 93
297,470 17
1915
61,030 09
687 00
54,001 14
115,718 23
$3,742,385 01
$4,187,222 59
$8,931,434 16
$5,512,262 59
$22,373,304 35
Losses by Discounts and Cancellations
Amounts Uncollected ;
on 1905-1915 L
as at December .
■evies
$25,115,944 21
31, 1915, on each year's Tax Levy:
Year
Real Estate
Real Estate
of
(Lands and
Special
of
Personal
Levy.
Buildings).
Franchises.
Corporations.
Property.
Totals.
1905.
$181,221 43
$35,229 58
$13,564 93
$4,496,038 94
$4,726,054 88
1906.
191,259 30
44,628 00
12,655 04
3,323,043 98
3,571.586 32
1907.
249,673 02
358,951 38
13,455 57
3,059,301 45
3,681,-381 42
1908.
363,330 01
495,823 41
14,029 81
2,143.609 28
3,016.792 51
1909.
482,782 87
124,588 52
18.466 21
2,379.400 76
3,005.238 36
1910.
718,380 42
661,474 83
74,741 74
1,450,088 41
2,904,685 40
1911.
1,341,234 96
916,115 18
89,400 01
1,270,148 76
3,616,898 91
1912.
2,107,316 80
844,737 30
110,788 82
1.391,129 50
4,453,972 42
1913.
3,605,611 06
1,680,865 31
285.275 44
1,730.979 94
7,302.731 75
1914.
1 Uncol
6,158,408 72
1,616,829 82
279,900 55
$912,278 12
1,988,350 32
10,043,489 41
$15,399,218 59 $6,779,243 33
, . **$20,401,707 54 $1,444,523 27
llected Balance of 1905-1914 Tax Lev
23,232,091 34
$46,322,831 38
1915.
$338,845 01
$2,256,980 20
1916.
Jan.
ics
4mount
deemed to be Uncoil
edible, I'ic:
Real Estate Taxes — excmot from Taxation
$292,498 20
400.000 00
*Rcal Estate Taxes— Beds of Streets, e
tc
Special Franchise Tax . .
1,122.000 00
Real
Estate of Corporations Tax
544,000 00
23 000000 00
Amount of Taxes on City-owned Property — Levies of
$25,358,498 20
25,358,498 20
1905-1915— to be provided
769,972 27
26,128.470 47
769,972 27
20,194.360 91
25,358,498 20
Balance Uncol
llected— Levy of 1915
**24,442.056 02
Total
Total Losses
44,636,416 93
$51,244,414 68
*Real Estate Taxes on Beds of Streets, etc.— Levies of 1905-1910. outstanding as at December 31, 1915- $1,400,000, of
which $400,000, at the very lowest estimate, will be uncollectible.
DEPARTMENT OF FINANCE.
Accountancy.
to 1915 inclusive as of JANUARY 1, 1916.
Showing the annual AMOUNTS ADDED to T.\X LEVIES DIRECT or by BUDGET APPROPRI.\TIONS 1905-191S,
to FUND and COVER DEFICIENCIES in the PRODUCT of TAX LEVIES, including the AMOUNT in
the BUDGET and TAX LEW of 1916 to cover DEFICIENCIES of 1914 and PRIOR YEAR' LEVIES;
also the ANNUAL GAINS or LOSSES in the PRODUCT of TAX LEVIES created by EXTENSIONS on the
TAX ROLLS of the many thousand separate items of Tax, i. e., the Increase of F'ractional Mills into Cents.
GAINS.
Annual Amounts added to Tax Levies direct or by Budget Appropriations, 1905 to 1915, to fund and cover Deficiencies in the
Product of Tax Levies, including Amount in the Budget and Tax Levy of 19l6 for such purpose:
Amounts added to Tax Levies :
Levy of 1905 $1,744,816 56
Levy of 1906 1,845,061 71
Total provided by Additions to Tax Levies $3,589,878 27
Amounts included in Annual Budgets and consequently in Tax Levies :
Budget of 1907.
1908.
1909.
1910.
1911.
1912.
1913.
1914.
1915.
1916.
$3,000,000 00
3,000,000 00
2,922,447 08
4,000,000 00
10,(X)0,00() 00
3,287,366 74
2,30(l,tK10 00
2,500,000 00
6,112,092 44
4,000,000 00
Total provided by Budget Appropriations and related Tax Levies
Annual Gains or Losses in Product of Tax Levies created by Extensions on the Tax
Rolls:
Cains: Year of Levy:
1912 $450,648 28
1913 179,183 56
1914 356,589 19
1915 507,504 22
Less
Total Gains
Losses:
1905.
1906.
1907.
1908.
1909.
1910.
1911.
4,959 73
3,054 01
2,583 56
1,812 47
2,576 51
3,513 19
2,895 19
Total Losses
Net Gain by Extensions on Tax Rolls . . .
Total Additions and Gains
$41,121,906 26
$44,711,784 53
$1,493,925 25
$21,394 66
(A) Deficit to be provided in Budget of 1917 i
$1,472,530 59
$46,184,315 12
5,060,099 56
$51,244,414 68
(A) As the Tax Deficiency to be provided in each year's Budget must necessarily be predicated on (1) actual losses (i. e.,
discounts and cancellations), and (2) estimates of the amounts of certain taxes outstanding Init deemed to be uncollectible, it
would be sufficient to proviik- an appropriation (in even dollars) of $5,(XX),000 in the Budget of 1917 for this purpose.
THE CITV OF NEW YORK—
Bureau of
TABLE "C"— OPERATING STATEMENT— Summarizing the FINANCING
INCOME.
Grand Aggregate of Tax Levies— 1905-1915, inclusive $1,411,561,026 64
Less Discounts, Cancellations and Deductions
undir Sec. 48 ol the Tax Law $34,449,848 19
Less Uncollected, as of December 31, 1915.. 70,764,887 40
105,214,735 59
TOTAL COLLECTIONS to DECEMBER 31, 1915, from these
LEVIES (Net) $1,306,346,291 05
Cash from General Fund to provide and cover Deductions (under Sec.
48 of the Tax Law), of Special Franchise Ta.xes 9,333,903 98
Net General Fund Revenues applied to reduction of Taxes, 1905-1915, in-
clusive 354,511,512 76
Cash Loans from Revenue Bonds and Bills outstanding December 31,
1915 43,000,000 00
$1,713,191,707 79
THE CITV OF NEW VORK—
BURE.\U OF
TABLE "D"— BALANCE SHEET
RE ANNUAL BUDGETS of
ASSETS.
Cash Balance (Vide Operating Statement) $2,299,818 87
Uncollected Taxes as at December 31, 1915, of 1905-1915 Levies:
Viz :
Real Estate Taxes (Lands and Buildings) $35,800,926 13 $35,800,926 13
Less Real Estate Taxes on City -owned i'rouerf v. .8769,972 27
Taxes on Exempt Real h.state 292,498 20
Real Estate Tax on Beds of Streets, etc.... 400,000 00
1,462,470 47
Real Estate Taxes (Lands and Buildings) Deemed to be Collectible $34,338,455 66
Special Franchise Tax $8,223,766 60 $8,223,766 60
Less Amount estimated to be Uncollectible 1.122,000 00
Special Franchise Tax deemed to be Collectible 7,101,766 60
Real Estate of Corporations Tax $1,251,123 13 $1,251,123 13
Less Amount estimated to be Uncollectible 544,000 00
Real Estate of Corporations Tax deemed to be Collectible 707,123 13
Personal Property Tax $25,489,071 54 $25,489,071 54
i,cj.s Amount deemed to be Uncollectible 23,000,000 (X)
Personal Property Tax deemed to be Collectible 2,489,071 54
TOTAL AMOUNT of UNCOLLECTED TAXES
(Vide Operating Statement) $70,764,887 40
TOTAL AMOUNT DEEMED to be COLLECTIBLE '. $44,636,416 93
Amount of Tax Deficiency which was included in the Budget and Tax Levy of 1916 to cover Deficiencies m the ,vv^Ann nn
product of Taxes of 1914 and prior years • • • • ■ 4,000,000 00
Deficiency in the product of Taxes of 1915 and prior Years' Levies to be provided in the Budget and Tax Levy
q{ J9J7 5.060.099 56
$55,996,335 36
000 520 417 7
DEPARTMENT OF FINANCE.
ACCOUNTANCy.
of the ANNUAL BUDGETS of 1905 to 1915, inclusive, up to DECEMBER 31, 1915.
OUTGO.
Total Budget Appropriations— 1905-1915, inclusive $1,723,888,224 28
Unexpended Balances as at December 31, 1915, of said Ap-
propriations, on Warrant Paid Basis 12,996,335 36
TOTAL PAYMENTS f Disbursements) bv CITY from TAX
BUD(;ET APPKOPRIATIOXS of 1905-1915, up to DE-
CEMBER 31. 1915 $1,710,891,888 92
Cash Balance as at December 31, 1915 (See Balance Sheet) 2,299,818 87
$1,713,191,707 79
DEPARTMENT OF FINANCE.
Accountancy.
as at DECEMBER 31, 1915.
1905-1915, inclusive.
LIABILITIES.
Unexpended Balances of Appropriations of 1905-1915 (Vide Operating Statement)
Outstanding Revenue Bonds and Bills (Vide Operating Statement)
$12,996,335 36
43,000,000 00
$55,996,335 36
THE CITY OF NEW YORK— DEPARTMENT OF FINANCE.
Bureau of Accountancy.
TABLE— Classifying, accordins to GENERAL PURPOSE, the SI-ECIAL REVENUE BONDS ISSUED
in 1915 and in 1916, REDEEMABLE in 1916 and in 1917, respectively.
1915 Totals.
General Purpose
for which Bonds were Issued.
1916 Totals
(including Estimates).
$3,612,000 00
2,000 00
5,835 00
152,027 46
889,486 20
264,060 98
154,258 71
3,700 00
54,834 51
109,150 00
278,196 80
321,357 51
321,298 34
57,717 14
125,953 57
11,750 00
10,243 70
226,042 40
90,433 33
246,000 00
2,146,443 70
147.368 74
51,675 23
109,908 30
$9,391,741 62
$9,300,000 00
$9,125,CCO 00
266,741 62
$9,391,741 62
Public Service Commission
Bronx Parkway Commission
Board of Elections
$69,900 93 Borough President, .Manhattan
33,000 00 Borough President, The Bronx
9,429 96 Borough President, Brooklyn
32,596 57 Borough President, Queens
7,100 00 Borough President, Richmond
Removal of Snow and Ice
Fire Department
Courts, District Attorneys and Sheriffs
Register, Bronx County
i County Clerks — New York, Bronx, Kings, j
J Queens and Richmond J
Bellevue and Allied Hospitals
Department of Public Charities
Police Department and Corrections
f Docks and Ferries ; Water Supply ; Health ; 1
■{ Street Cleaning ; Tenement House ; }■
L Bridges; Taxes and Assessments J
Department of Parks
Department of Education and Libraries
Board of Aldermen and City Clerk
Armory Board; City Record; Coroners
County Charges and Expenses (Sundry)
Rentals — City Offices
Judgments
Claims
Elimination, etc., of Grade Crossings
Miscellaneous
Panama Exposition and Municipal Celebrations
Board of Child Welfare
( Payment of Substitutes for Regular Employees )
\ ordered away on Military Duty f
TOTALS
Original Estimate
for 1916 BUDGET
APPROPRIATION in
1916 BUDGET
From Special Revenue
Bonds for Claims
$58,500 00
14,000 00
19,115 00
72,508 46
13,338 00
$3,730,016 67
225,507 11
APPROPRIATION to be
included in 1917 BUDGET
177,461 46
2,066,929 81
297,563 35
63,105 29
3,415 00
200,643 48
369,058 25
150,167 99
720,127 92
66,171 20
30,240 00
53,481 00
44,215 33
122,600 00
4,800 00
429,000 00
738,146 38
31,236 80
141,112 95
300,000 00
35,000 00
$10,000,000 00
$10,000,000 00
$10,000,000 00
M. B. Brown Printini; & Binding Co,
New York