616 



NEW YORK CITY. 



Total funded debt $146,371,022 83 



Less amount held by commis- 

 sioners of the sinking fund 

 as investments $42,797.471 09 



Cash 5,716,321 72 



48,513,792 81 



Net funded debt, Dec. 31, 1890 $97,857,230 07 



Revenue bonds issued in anticipation of taxes 

 of!891 207,188 00 



Debt, including revenue bonds $9,064,418 07 



Notwithstanding the issue of bonds during 

 the year amounting to $11,178,294.87 for perma- 

 nent improvements, the net debt of the city has 

 decreased nearly $600,000. At the close of the 

 year none of the revenue bonds issued in antici- 

 pation of the collection of the taxes for the year 

 were outstanding. The revenue bonds issued 

 aggregated the sum of $18,612,200, and this 

 amount was paid off before the close of the year 

 out of the taxes collected ; also, in addition, $2,- 

 357,600 of the revenue bonds issued in anticipa- 

 tion of the taxes for the year 1889, and out- 

 standing on Jan. 1, 1890, were redeemed and 

 canceled. At the close of 1890 there was not 

 outstanding a revenue bond of the city issued in 

 anticipation of taxes of 1890, or any preceding 

 year, a result that has not happened before vfith- 

 in the past fifty years. 



The Finance Department received $67,726,- 

 854.43. Of this, $32,490.008.45 came from taxes, 

 $2,130,492.61 from fees, fines, State school money, 

 licenses, interest, rentals, sales, and unexpended 

 balances. There was received $3,608,208.20 on 

 special and trust accounts, assessments, etc. 

 Sales of stocks and bonds brought $29,461,895.17. 

 Of this amount, $18,786.96 was received on 

 revenue bonds. During the year $36,250 was 

 received from the Marine Bank, which was 5 per 

 cent, of the amount on deposit. The total 

 amount received from the bankrupt Marine 

 Bank up to the present date is $650,000. or 65 

 per cent, of the amount that was on deposit at 

 the time of its failure. 



The city's total expenditure was $71.799,747.93. 

 The general expenses, salaries, supplies, State 



taxes, and interest on city debt were $33,932,- 

 656.53, and on special and trust accounts, includ- 

 ing revenue bonds, $37,867,091.40 was paid out. 

 The increased expenditure is due to the purchase 

 of new parks. During the year the city re- 

 deemed stocks and bonds amounting to $28,845,- 

 787.41, including revenue bonds. 



The attorney for the collection of arrears of 

 personal taxes reports that he has collected $60,- 

 085.77, against $22,053.57 collected in 1889. 



The tax rate within the city during 1890 was 

 1*97 per cent. The rate per centum of taxation 

 depends upon, first, the amount of the appropria- 

 tions required to meet the expenditures neces- 

 sary for the conduct of the government for the 

 year ; second, upon the aggregate of the assessed 

 valuation of the estates, real and personal, sub- 

 ject to taxation in the city. The amount of 

 the appropriations is made up by the Board of 

 Estimate and Apportionment, pursuant to the 

 powers conferred upon that board by law, and 

 the amount of the valuations of the estates, real 

 and personal, subject to taxation by the city is 

 made up and determined by the Department of 

 Taxes and Assessments'. 



In the Mayor's Marshal's office there was col- 

 lected during the year $35,163.33 for theatre 

 licenses, and $15,970.01 for concert licenses; 

 total, $51,133.34. 



Board of Estimate and Apportionment. 

 This body, which includes the Mayor, the Comp- 

 troller, the President of the Board of Aldermen, 

 and the President of the Department of Taxes 

 and Assessment, allowed the following amounts 

 for 1890 : 



Mayoralty, $26,000; Common Council, $76,800; 

 Finance Department, $297,500 : State taxes. $3,- 

 650,630.47; interest on city debt, $5,151,293.41; 

 redemption of principal of 'city debt, $1,307,598.- 

 92; rents, $131,322; armories and drill rooms 

 rents, $42,050 ; armories and drill rooms wages, 

 $54,400 ; judgments, $750,000 ; Law Department, 

 $199,650; Department of Public Works, $3,124,- 

 470: Department of Public Parks, $931,500; De- 

 partment of Street Improvement, Twenty-third 



