424 



NEW YORK CITY. 



SUMMARY. 



Total gross funded debt 



Less amount held by the 

 commissioners of the sink- 

 ing fund on account of 

 sinking fund No. 1 $81,843,736 38 



Less amount held by the 

 commissioners of the sink- 

 ing fund on account of 

 sinking fund No. 2 20,425,828 42 



Less amount held by the 

 commissioners of the sink- 

 ing fund on account of 

 sinking fund of the city of 

 New York 1,071,02790 



Less amount held by the 

 commissioners of the sink- 

 ing fund on account of the 

 water sinking fund of the 

 city of New York 302,874 04 



Less amount held by the 

 commissioners of the sink- 

 ing fund on account of the 

 sinking fund of the city of 

 Brooklyn 7,640,38641 



Less amount held by the 

 commissioners of the sink- 

 ing fund on account of the 

 sinking fund of Long Island 

 City for the redemption of 

 revenue bonds 330,000 00 



Less amount held by the 

 commissioners of the sink- 

 ing fund on account of the 

 water sinking fund of the 

 city of Brooklyn. Not sep- 

 arated last year from the 

 sinking fund of the city of 



Brooklyn 674,275 86 



112,288,129 01 



Net funded debt ... $277,617,770 38 



Revenue bonds 2,107,600 00 



Netbondeddebt $279,725,37038 



In the year bonds and corporate stock of the 

 city were issued as follow: For public buildings, 

 $9,724,309.68; for public parks, $3,315,196.98; for 

 bridges, $5,317,000; for repavement and improve- 

 ment of roads, drives, etc., $3,010,200; for water 

 supply, $3,450,000; for docks, $3,874,705.46; for 

 soldiers' and sailors' memorial arch, $202,000; for 

 street cleaning, $50,000; for rapid transit railroad, 

 $1,000,000; for Police Department, $136,389.71; for 

 opening and widening streets, $2,598,211.10; for 

 refunding matured loans, $700,000; for local im- 

 provements, $17,185.35; for street improvements, 

 $350,000; special revenue bonds, $5,388,335.94; a 

 total of $39,133,534.22. The tax rate adopted by 

 the Municipal Assembly on Aug. 15 was, for Man- 

 hattan and Bronx, $2.24 for each $100 of assess- 

 ment. The rate for 1899 was $2.48. For Brooklyn 

 the rate was $2.32 ; Queens, $2.34 ; and Richmond, 

 $2.22. 



Board of Estimate and Apportionment. 

 This body consists of the Mayor, the President 

 and Secretary of the Department of Taxes and 

 Assessment, the Comptroller, the President of the 

 Council, and the Corporation Counsel. This board 

 allowed the following-named amounts for 1901 : 

 The Mayoralty and Bureau of Licenses, $63,755; 

 Municipal Assembly, $200,052 ; Department of Fi- 

 nance, $842,305; Law Department, $399,758; Board 

 of Public Improvements, $289,500 ; Department of 

 Highways, $2,178,144.67; Department of Sewers, 

 $801,350.67; Department of Bridges, $431,728.25; 

 Department of Public Buildings, Lighting, and 

 Supplies, $3.904,809; Department of Water Supply, 

 $1,525,219.17; Department of Parks, $1,863,288.45; 

 Department of Public Charities, $1,895,491.01 ; De- 

 partment of Correction, $758,775; Department of 

 Health, $1.053,990; Police Department, $11,938,- 

 343.42; Department of Street Cleaning, $5,001,- 

 fl22.27; Fire Department, $4,864,485; Department 

 of Buildings, $546,525; Department of Taxes and 

 Assessments, $334,450; Board of Assessors, $42,- 



700; Department of Education, $18,512.817.69 j 

 College of the City of New York, $220,000; Nor- 

 mal College, $195,000; coroners, $165,150; Com- 

 missioners of Accounts, $156,000; Board of City 

 Record, $563,200; libraries, $299,663.30; local city 

 courts, $985,250; charitable institutions, $2,786J- 

 011.06; borough officers, $51,300; miscellaneous, 

 $987,978.56; fund for street and park openings. 

 $1,184,553.06; interest on the city debt, $12,100,- 

 206.05 ; redemption of the city debt, $10,332.1":!. 1 s : 

 county expenses (including State taxes)- New 

 York County, $7 ,658,704.84; Kings County, $2,437,- 

 945.45; Queens County, $363,861.71; Richmond 

 County, $160,056.62; total, $98,096,413.43. 



The total budgets for all boroughs of New York 

 city for 1900 aggregated $90,778,972.48. The budg- 

 et for 1901 therefore shows an increase of $7,317,- 

 440.95. 



Taxes and Assessments. These are in the 

 charge of a department, of which Thomas L. Feit- 

 ner is president. The other members are Edward 

 C. Sheehy, Arthur C. Salmon, Thomas J. Patter- 

 son, and Ferdinand Levy (salaries, $7,000 each). 

 Office, 280 Broadway. They report the total valu- 

 ations of real and personal property as assessed 

 for taxation in 1900 to be $3,654,122,193, as against 

 $3,478,352,029 for 1899. They were distributed a- 

 follow: Real estate Manhattan, $2,231.502.s:>:> : 

 the Bronx, $138.494,849; Brooklyn, $551,308.:>u(>: 

 Queens, $104,427,772; Richmond, $42,723.924: 

 total, $3,168,547,700. Personal property Manhat- 

 tan, $421,860,527; the Bronx, $8.013,641; Brook- 

 lyn, $43,937,440; Queens, $55,498,681; Richmond. 

 $6,246,204; total, $535,556,493. The report shows 

 the assessed valuation put on franchises under the 

 special law for 1900 was as follows: Manhattan. 

 $166,763,669; Bronx borough, $7,272,249; Brook- 

 lyn, $39,250,552; Queens, $4,036,817: Richmond. 

 $2,356,064; total, $219,679,351. The assessed valu- 

 ations of corporations were greatly reduced in 

 1900. In 1899 the corporations in Manhattan paid 

 taxes on $53,530,050, and on account of the passage 

 of the franchise tax law assessments for $10,994. KM) 

 only were levied for 1900, which is a loss of 1"). 

 535,650. 



Charter Revision. In accordance with the 

 law passed by the Legislature, Gov. Roosevelt ap- 

 pointed on April 25, as the New York City Charter 

 Revision Commission, the following gentlemen: 

 George L. Rives, Charles C. Beaman, Franklin 

 Bartlett, Henry W. Taft, John D. Crimmins, 

 Frank J. Goodnow, Edgar J. Levey, Alexander 

 T. Mason, Charles A. Schieren, James McKcan. 

 Isaac M. Kapper, William C. De Witt. .lame* I.. 

 Wells, George W. Davison, and George Cromwell. 

 On organization, George L. Rives was chosen chair- 

 man of the commission, and the work was divided 

 among five subcommittees, who prepared their re- 

 ports, which were then considered by the commis- 

 sion as a whole. The report was submit ted to 

 the Governor on Dec. 1. It recommended tint 

 permanent power of removal be lodged in tin- 

 Mayor; greater increased powers with the borough 

 presidents, including almost complete control of 

 local matters, and the charge of the Sewer and 

 Highway departments, which as now constituted 

 are to be abolished: the abolition of the Council 

 and the doubling in size of the Board of Aldermen : 

 a single-headed police commission; a bipartisan 

 election board of four commissioners; abolition of 

 the Board of Public Improvements: practical re 

 building of the school system; a single headed 

 charities commission; transfer of <mtiol of tin 

 emergency hospitals of Manhattan and the I'.ronv 

 to a board of unpaid trustees; and radical chaiiL'i - 

 in other departments. On Jan. 21, 1901, the report 

 of the commission was sent to the Legislature 



