Winnipeg Free Press

Winnipeg Free Press (Newspaper) - July 20, 1916, Winnipeg, Manitoba 10 Manitoba free Ottly the finances finances 1916 1917 Winnipeg car we mpg can estimated expenditures May 1916 to april 1917 Finan Rcd Board of works find property committee Street commissioners department Light and Power fire service waterworks health License and libraries and school Board Parks Board police commissioners municipal total balance from 191516 miscellaneous revenues estimated Revenue business tax Genera tax at statement of realty assessment for year 1916 value total sol tool Othouse 1 2 4 5 t of total real exemptions total 1915 total statement of business assessment for year 1916 producing a annual 3 4 s total 6 23 6 23 6 23 6 23 6 23 6 23 Revenue of Why the 1916 tax rate exceeds 14 Mills the 1916 assessment is 1915 rateable assessment 1916 rateable assessment on the basis of last years rate of 14 this amounts to a reduction of in or Mills on the 1915 tax Mills increase in requirements Mills 1916 Mills 191h tax Mills some of the entirely new items of the 191617 which More than account for the increase in requirements quite apart from general Are patriotic Levy provincial widows pension fund Manitoba patriotic fund details of tax Levy taxes rate on for school Mills for municipal Comer assessment i Mills for patriotic i Mills for Public Parks i Mills for municipal i Mills Mills for every assessment your tax Levy is the estimated which amount is As for school Board for Parks Board for provincial government provincial Levy for municipal commissioner patriotic tax City police department fire department Street Hospital Charity Aid Hospital commission Dairy and health Comfort Charity and Street commissioners department interest general purposes sinking fund general purposes general expenditure 9fi4 How of taxes was spent in 191516 in comparison with the estimated figures for 191617 following tables show the percentages spent in or estimated to be spent in by each municipal and for requirements connected with the debenture Public patriotic and All other excluding capital subjoined Are shown the percentages in which each source of Revenue contributes to the whole amount required in each Board of 191516 expended and fund patriotic fund Levy provincial interest on Bank Over draft rebate on taxes City Hall and Annex hospitals Charity Aid act special Grants playgrounds commis Sion Public patriotic special salaries sundries less Exchange credit 191617 estimated works grading new streets and Bridges Maince plumbing and chemical Laboratory and Gas Street Street and sidewalk maintenance Street sprinkling and salaries and Light and fire department electrical department building lighting fire Protection hydrants fire service operation and maintenance health scavenging crematories and Nuis Ance sundry License and Relief markets License picture bicycle employment Public libraries Comfort stations 11 schools police salaries and pensions sundries contingencies Winnipeg general Hospi Tal municipal miscellaneous debit 06 How of Revenue was raised in with corresponding amounts for 191617 credit miscellaneous Revenue not taxation business general 191617 what the City owes debt reduced by one million dollars in 191516 by Good management and careful attention to investments the sinking fund trustees have reduced the Gross debt of Winnipeg during the last the figures speak for themselves april Gross debenture less sinking debt april Gross debenture debt less sinking fund defect reduction for much of the Gross debt shown above has been incurred in creating Revenue producing the por Tion for which interest and sinking fund charges Are borne by the general taxpayer is much less than the amount above the net general debt of the City is or per As shown below net general debenture debt less Hydro net water net fire service net local rate payers less Public school Board successful municipal ownership in Winnipeg Hydro electric some facts about the Power total capital invested 443 77 74 Revenue in 191516 9951l37 expenses in 70 total of customers units generated the Power Plant is costing the taxpayers it pro Vides its own operating fund and depreciation sinking fund investments now amount to depreciation Reserve totals it is estimated that the citizens at Large save Over 000 per annul As a direct result of the lower rates for lighting and heating charged since the City entered the electrical water works water works income year ending 31st 1916 operating revenues water rates w Ater Mains frontage 73 730 16 earnings from municipal hydrant rentals earnings from sales to municipal 53 earnings from sales for Street sprinkling miscellaneous earnings from total operating revenues no operating revenues 2 total revenues operating expenses to distribution commercial general 17 355 05 total of above interest on funded debt interest on floating sinking fund financial expenses through Exchange total surplus for year deficit at beginning of deficit at end of year As per balance the result of last years business is to reduce the loss on pre Vious years operation by the amount of surplus there is every reason to anticipate similar Success in the current ;