Taxation in American States and Cities

By Richard T. Ely | Go to book overview

III.
REVENUES AND EXPENDITURES OF CITIES.

I. BUDGETS OF BALTIMORE, BOSTON, CHICAGO, NEW YORK, PHILADELPHIA, AND ATLANTA.

Baltimore

THE gross receipts into the treasury for the year ending December 31, 1887, were $8,446,439, and were chiefly from the following sources: --

Taxes . . . . . . . . . . . . . . . $4,210,112
Public schools, tuition fees, etc . . . . . . . 6,766
Market houses, rent of stalls . . . . . . . . 58,287
Wharfage and rent of wharves . . . . . . . 33,561
General licenses . . . . . . . . . . . . 44,609
Auction duties . . . . . . . . . . . . 7,431
Dividends on stock in B. & O. R. R. . . . . . 130,000
Water rents . . . . . . . . . . . . . 745,446
Passenger railway companies . . . . . . . 132,167
From the state for public schools . . . . . . 147,403
Temporary loan . . . . . . . . . . . . 1,510,000
Receipts to pay interest on loans . . . . . . 896,704
Sale of stock . . . . . . . . . . . . 243,285

The total disbursements were $8,403,930. Of this $4,541,357 was spent on account of expenses of city government, the following being the principal items of expense: --

Interest on the public debt . . . . . . . . . $915,987
Expenses of law courts . . . . . . . . . . 118,806

-469-

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