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1866-67.] Document No 26. 3
The estimates are made in round numbers, because perfect
accuracy is neither desirable nor possible.
Table A, gives the estimated value of such property, as
under the pending Kevenue Bill, is taxed ad valorem.
Table B, gives a list and estimated number of the subjects
taxed specifically.
Table C, contains a statement of the probable annual earn-ings
and receipts of those pursuits, which are rated a per
centage tax on said earnings and receipts.
Table D, gives a list of those subjects, in regard to which
I can find no data whatever on which to found an estimate.
A considerable amount ought to be raised from these
sources, but not more than will be needed to meet extraordi-nary
appropriations, which will doubtless be made by the
General Assembly. All the tables show the rate of taxa-tion
on each subject, under the pending Revenue Law.
From all these sources, I think it not unreasonable to ex-pect,
under the Revenue Bill now pending, if it becomes a
law; ^309,392 per annum.
The resources of the Treasury may be stated as follows :
Amount on hand October 1st, 1866, $113,205 93
Additional taxes since Sept. 30, 1866, under
Revenue Ordinance of Convention, 6,346 19
Taxes under the Reven e Act of General Assem-bly,
1866, 59 counties settled, add remainder,
estimated total, 288,186 85
Estimated receipts of taxes under Revenue bill
now pending, payable October 1st, 1867, 309,392 00
l*robable receipts from other resoiu'ces, 10,000 00
Total Receipts, $727,130 97
2d. What is the amount of interest on the public debt to be
provided for ?
In the following statement, I assume.
That past due bonds and interest on bonds due in the year
1866, and prior thereto, authorized to be funded under the
Act of March lOth, 1866, not yet presented (supposed amount
outstanding $1,624,000) will be funded into new bonds.
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| Title | Page 721 |
| Full Text | 1866-67.] Document No 26. 3 The estimates are made in round numbers, because perfect accuracy is neither desirable nor possible. Table A, gives the estimated value of such property, as under the pending Kevenue Bill, is taxed ad valorem. Table B, gives a list and estimated number of the subjects taxed specifically. Table C, contains a statement of the probable annual earn-ings and receipts of those pursuits, which are rated a per centage tax on said earnings and receipts. Table D, gives a list of those subjects, in regard to which I can find no data whatever on which to found an estimate. A considerable amount ought to be raised from these sources, but not more than will be needed to meet extraordi-nary appropriations, which will doubtless be made by the General Assembly. All the tables show the rate of taxa-tion on each subject, under the pending Revenue Law. From all these sources, I think it not unreasonable to ex-pect, under the Revenue Bill now pending, if it becomes a law; ^309,392 per annum. The resources of the Treasury may be stated as follows : Amount on hand October 1st, 1866, $113,205 93 Additional taxes since Sept. 30, 1866, under Revenue Ordinance of Convention, 6,346 19 Taxes under the Reven e Act of General Assem-bly, 1866, 59 counties settled, add remainder, estimated total, 288,186 85 Estimated receipts of taxes under Revenue bill now pending, payable October 1st, 1867, 309,392 00 l*robable receipts from other resoiu'ces, 10,000 00 Total Receipts, $727,130 97 2d. What is the amount of interest on the public debt to be provided for ? In the following statement, I assume. That past due bonds and interest on bonds due in the year 1866, and prior thereto, authorized to be funded under the Act of March lOth, 1866, not yet presented (supposed amount outstanding $1,624,000) will be funded into new bonds. |
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