Journal of the Common Council, of the City of Philadelphia, for 1916 2

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whereas the average for the five preceding years was but $6,478,250. The lawful obligations for next year also include provision for the issue of $25,599,200 of new loans in 1917, which new loans will be absolutely required if the estimates of expendi- tures under loan funds appropriations (see page 386) are adhered to.
The estimate of the board of revision of taxes of the assessed valua- tion of real estate for 1917 shows an increase of $36,438,200 over its 348 APPENDIX TO THE JOURNAL estimate
... of a year ago, and the estimate of the assessed vahiation of personal property (money at interest, horses and cattle and carriages to jl hire) shows an increase of $49,880,000 over that of the preceding year, 't which increases account for a large part of the above increase in the : general fund estimated receipts for 1917. The five-year average of miscellaneous receipts produces an increase in the 1917 estimate of : $117,673.28.
The general funds now available for appropriation for 1917 may t be increased at the closing of the year's books at December 31, 1916, by any merging balance of general fund appropriations and by any excess of general account receipts over the city controller's estimated receipts for .• 191G.


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