The Bond Issues to Be Voted Upon April 7 1914 a Statement to the Voters of Chi
The Bond Issues to Be Voted Upon April 7 1914 a Statement to the Voters of Chi
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In our eReader you can find the full English version of the book. Read The Bond Issues to Be Voted Upon April 7 1914 a Statement to the Voters of Chi Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book The Bond Issues to Be Voted Upon April 7 1914 a Statement to the Voters of Chi
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94 without issuing the $2, 184, 000 of corporate . Bonds which remained unsold at the beginning of the year.
It is frequently contended that, since the City can realize by means of anticipation tax warrants only three- fourths of its income from taxation for any current year, it is necessary to maintain a surplus or balance of working capital equivalent to at least the remaining one- fourth of its total revenue from taxation, or about $3, 000, 000. While the foregoing contention may seem plausi...ble, a little study of the manner in which the finan- cial affairs of the City are administered will disclose that a fund of considerably less than $3, 000, 000 is sufficient for the purpose of providing merely a working balance. This was clearly demonstrated in 1913 when the fund available was actually less than $1, 500, 000.
During 1907 the surplus was about $2, 700, 000; in 1908 12 Chicago Bureau of Public Efficiency.
it was about $2, 550, 000; and in 1909 it was only $1, 950, 000.
The Bureau is of the opinion that the surplus of $2, 583, 426.
What to read after The Bond Issues to Be Voted Upon April 7 1914 a Statement to the Voters of Chi?
You can find similar books in the "Read Also" column, or choose other free books by Ill Chicago Bureau of Public Efficiency Chicago to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
94 without issuing the $2, 184, 000 of corporate . Bonds which remained unsold at the beginning of the year.
It is frequently contended that, since the City can realize by means of anticipation tax warrants only three- fourths of its income from taxation for any current year, it is necessary to maintain a surplus or balance of working capital equivalent to at least the remaining one- fourth of its total revenue from taxation, or about $3, 000, 000. While the foregoing contention may seem plausi...ble, a little study of the manner in which the finan- cial affairs of the City are administered will disclose that a fund of considerably less than $3, 000, 000 is sufficient for the purpose of providing merely a working balance. This was clearly demonstrated in 1913 when the fund available was actually less than $1, 500, 000.
During 1907 the surplus was about $2, 700, 000; in 1908 12 Chicago Bureau of Public Efficiency.
it was about $2, 550, 000; and in 1909 it was only $1, 950, 000.
The Bureau is of the opinion that the surplus of $2, 583, 426.
What to read after The Bond Issues to Be Voted Upon April 7 1914 a Statement to the Voters of Chi?
You can find similar books in the "Read Also" column, or choose other free books by Ill Chicago Bureau of Public Efficiency Chicago to read onlineMoreLess
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