Chicagos Financial Dilemma Reply of the Chicago Bureau of Public Efficiency to
Chicagos Financial Dilemma Reply of the Chicago Bureau of Public Efficiency to
Ill Chicago Bureau of Public Efficiency Chicago
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At the close of that year the surplus was $4, 500, 000. During each of the years 1914, 1915, and 1916, the City's revenue averaged about $2, 000, 000 more than in 1913. The greatest increase during either of these three years came in 1916, when the amount exceeded that of 1913 by $3, 150, 000 and that of 1915 by about $1, 800, 000. Definite figures for 1917 are not available, but there is no reason for thinking that the City's income will be reduced materially, if at all, below what it was in 1...916 ; in other words, the 1917 revenue will exceed that of 1913 by more than $3, 000, 000 and that of 1915 by nearly $2, 000, 000. There will be a loss of approximately $550, 000 during the current year on account of the smaller number of saloon licenses but this will be more than offset by an increase in taxation due to increased property valua- tions; by special taxes to cover expenditures for em- ployes' pension funds and for playground purposes; and by $340, 000 diverted from the special assessment unclaimed rebate fund authorized by the last Legislature and used in paying for public improvements.
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