USA > Massachusetts > Norfolk County > Quincy > Inaugural address of the mayor, with the annual report of the officers of the city of Quincy for the year 1948 > Part 8
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138
Adams Temple and School Fund
Cash on hand, January 1, 1948
$856.48
RECEIPTS
Notes secured by mortgage
$ 600.00
Sale of securities
5,000.58
From deposit in Savings Bank
8,000.00
13,600.58
INCOME
Mortgage Loans
$1,926.27
Stocks and bonds
6,064.46
Savings Bank deposits
523.54
Rents
1,090.86
9,605.13
Withholding Tax
149.00
$24,211.19
EXPENDITURES
Purchase of securities
$4,900.00
Accrued interest on bonds
82.81
Administration of Fund
578.24
Taxes on Land-Braintree
4.00
Expense on Crypt-Church
700.00
Legal Expense
300.00
Repairs and boiler-Academy
4,996.28
Withholding Tax
Expenses on Property
Adams Academy-Insurance
93.23
Materials and repairs
2,038.44
Care grounds and building
2,785.50
4,917.17
Expense by School Dept .-
Covering supplies for school libraries
4,271.94
20,899.44
Cash on hand, December 31, 1948
3,311.75
$24,211.19
UNEXPENDED INCOME ACCOUNT
Balance-January 1, 1948
$8,121.66
Expense on Crypt-Church
$ 700.00
Repairs to Building
4,996.28
Deficit in income
549.03
$6,245.31
$1,876.35
On hand, December 31, 1948
$11,561.33 149.00
139
BALANCE SHEET
Cash $ 3,311.75 General Fund $243,284.40
Investments
199,799.58
Unexpended Income 1,876.35
Mortgages
42,050.00
Net profit-bond sales .58
$245,161.33 $245,161.33
Also parcels of Real Estate-Assessed Valuation
$ 99,225.00
INVESTMENTS
$6,000
Arkansas Power & Light Co. 31/8, 1974
$ 6,000.00
5,000 Atchison, Topeka & Santa Fe RR. GM 4, 1995
5,000.00
5,000 Atlantic Coast Line RR. 1st 4, 1952 .
5,000.00
5,000
Baltimore & Ohio RR .- Pittsburgh, L. Erie & W. Va. ref. 4, 1952 5,000.00
8,000
Boston & Albany RR. Ref. Deb. gtd. 5, 1963
8,000.00
1,500 Boston & Maine RR. 1st Mtg. Series RR. 4, 1960 1,500.00
1,500 Boston & Maine RR. Inc. Mtg. A 41/2 cum., 1970
1,405.84
5,000 Carthage & Adirondack Ry. gtd. 4 1st, 1981
4,343.39
5,000 Central New York Power 3, 1974 .
5,000.00
5,000
Chicago, Burlington & Quincy RR. GM. 4 1958
4,888.51
4,000 Great Northern Railway 51/2, 1952
4,000.00
1,000 Great Northern Railway GM D 41/2, 1976
1,000.00
5,000
Illinois Central RR. St. Louis Div. & Term 31/2, 1951
4,513.53
5,000
Illinois Central RR., Louisville Dv. 1st 31/2, 1953
4,575.00
5,000
Jamestown, Franklin & Clearfield 1st 4, 1959
4,781.94
5,000
Louisville & Nashville RR. 334, 2003
4,900.00
4,000
Narragansett Electric Co. 3, 1974
4,000.00
10,000
New York Telephone Co. 234 D, 1982
10,256.25
5,000
Pennsylvania Railway Gen. Mtg. A 41/2, 1965
4,862.50
3,500
U. S. Treasury 2 1951/53
3,500.00
15,000
U. S. Treasury 2 1954/52
15,000.00
7,000
U. S. Treasury 21/2 1955 G
3,000.00
5,000
U. S. Treasury 21/2 1962/59
5,000.00
10,000
U. S. Treasury 21/2 1963/68
10,000.00
10,000
U. S. Treasury 21/2 1970/65
10,000.00
5,000
Reading Company 31/2 1995
5,000.00
5,000
Seattle Gas Company 358, 1976
5,000.00
8,000
Wisconsin Electric Power Co. 25/8, 1976
8,000.00
2
Shares-Boston & Maine RR. 1st Pref. D
520.00
37 Shares-Eastern Gas & Fuel Associates-Prior Pref
2.927.62
200 Shares-First National Bank of Boston
10,875.00
5 Shares-Granite Trust Company-Quincy
1,750.00
200 Shares-National Shawmut Bank of Boston
5,700.00
5,000 Braintree Savings Bank
5,000.00
4,000 Hingham Institute for Savings
4,000.00
3,500 South Weymouth Savings Bank
3,500.00
5,000 Weymouth Savings Bank
5,000.00
Total $199,799.58
U. S. Treasury 2 1954/52
7,000.00
3,000
140
Charles Francis Adams Fund
Cash on hand, January 1, 1948
$1,852.09
Receipts
Income on securities
668.75
$2,520.84
Expenditures
Administration of Fund
$ 3.75
By the School Department
170.00
Accrued interest on bonds purchased
7.12
$ 180.87
Securities purchased
2,047.50
2,228.37
Cash on hand, December 31, 1948
292.47
$2,520.84
FUND
$11,640.74
Unexpended Income
10,626.73
$22,267.47
Statement of Fund
Investments
$21,975.00
Cash on hand
292.47
$22,267.47
Investments
$5,000 Arkansas Power & Light Co. 31/s, 1974
$ 5,210.00
5,000 Consolidated Edison Co. N.Y. 234, 1982
5,142.50
2,000 New Jersey Bell Tel. Co. 31/8, 1988
2,047.50
5,000 Southern Railway 1st Cons. 5, 1994
5,000.00
1,000 U. S. Treasury 21/2 G, 1956
1,000.00
25 Shares-Second National Bank-Boston
3,575.00
$21,975.00
141
Report of The Treasurer of the Retirement System for 1948 CITY OF QUINCY-RETIREMENT SYSTEM RECEIPTS
Cash on hand, January 1, 1948
$ 7,616.35
Deposited by Members
91,857.98 12,058.72
Appropriated by City
$111,533.05 20,703.59
Income from Investments
Bonds called and sold
36,253.93
$168,490.57
EXPENDITURES
Warrant payments (pensions and withdrawals) $ 45,859.15
Securities purchased
109,549.81
Accrued interest on securities purchased
426.64
$155,835.60
Cash on hand, December 31, 1948
12,654.97
$168,490.57
STATEMENT OF FUND
Cash on hand
$ 12,654.97
Investments 4% System
$152,619.92
5% System
590,341.32
$742,961.24
TOTAL FUND
$755,616.21
142
INVESTMENTS
4% System
$10,000 American Telephone & Telegraph 234s, 1961 $ 10,899.56
10,000 Atlantic Coast Line RR 1st 4s, 1952 9,107.50
15,000 Baltimore & Ohio RR 1st 4, 1975 13,519.88
8,000 Boston & Albany RR 31%s, 1952 6,810.00
10,000 Boston & Albany RR 5s, 1963
10,422.34
10,000
Boston & Maine RR 4s, 1960
10,047.90
10,000 Chesapeake & Ohio Ry 31/2, 1996
10,551.23
10,000 Dominion of Canada 4s, 1960
10,020.49
10,000 Louisville & Nashville RR 334s, 2003
10,000.00
10,000
Morris & Essex RR 1st & Ref 31/2s, 2000
7,946.44
10,000
Northern Pacific Ry Pr Lien Ry Land Grant 4s, 1997
8,976.26
9,000
Puget Sound Power & Light Co. 412s, 1st 1971
9,382.50
5,000
Southern Pacific Co .- Oregon Lines 1st A 41/2s, 1977
4,900.80
10,000 Southern Railway Co. 1st Cons Mtg 5s, 1995
9,744.53
10,000 Texas & Pacific Railway 1st 5s, 2000
10,057.99
10,000 U. S. Treasury 2s, 1954/52
10,232.50
$152,619.92
5% System
$ 5,000 American Telephone & Telegraph Co. 234s, 1961
5,424.96
8,000 'American Telephone & Telegraph Co. 234s, 1980
8,010.00
7,000 Atchison Topeka & Santa Fe GM 4s, 1995 7,589.11
10,000 Chesapeake & Ohio RR 31/2s, 1996
10.553.35
10,000 Chicago, Burlington & Quincy RR GM 4s, 1958
9,562.06
10,000 Consolidated Edison Co. 234s, 1982
10.180.06
10,000 Detroit Edison Co. 234s, 1982
10,030.96
10,000
Erie Railroad 31/ss, 2000
9,518.75
10,000 Illinois Central Ry-Louisville Div 31/2s, 1953
9,596.71
10,000 Illinois Central Ry Ref 5s, 1955
8,640.59
10,000 Montana Power Co 27/ss, 1975
9,600.00
10,000 Mountain States Telephone Co. 31/8s, 1978
10,086.60
10,000 New Jersey Bell Telephone Co. 31/8s, 1988
10,212.50
10,000 New York Central & Hudson River GB 31/2s, 1997
7,548.23
10,000 New York Telephone & Telegraph Co. 3s, 1981
10,112.50
10,000
Northern Indiana Public Service Co. 314s, 1978
10,275.00
10,000
Northern Pacific Railway Gen Lines SF 2s, 2047
6,792.79
10,000 North Western Bell Telephone Co. 31/2s, 1979
10,250.00
10,000 Pacific Gas & Electric Co. 278s, 1980
9.825.13
15,000
Reading Company D 31ss, 1995
15,199.50
15,000
Southern Pacific Ry Co. 214s, 1961
14,446.77
10,000
Southern Railway Co. St. Louis Div 1st 4s, 1951
9,637.37
10,000 Virginian Railway 3s, 1995
10,571.45
20,000
U. S. Treasury 114s, CI 1949
20,000.00
10,000
U. S. Treasury 2s, 1952/50
10.145.75
25,000 U. S. Treasury 2s, 1954
25,531.18
8,000
U. S. Treasury 214s, 1952/55
8,000.00
70,000
U. S. Treasury 21/2s, G March 1958
70,000.00
30,000
U. S. Treasury 21/2s, G May 1958
30,000.00
50,000
U. S. Treasury 214s, 1959/56
50,000.00
30,000
U. S. Treasury 21/2s, G January 1959
30,000.00
65,000
U. S. Treasury 214s, 1962/59
65,000.00
10,000
U. S. Treasury 21/2s, 1968/63
10,000.00
23,000
U. S. Treasury 21/2s, 1972/67
23,000.00
25,000 Quincy Savings Bank
25,000.00
$590,341.32
Total Investments-$742,961.24
143
Retirement Board
George H. Bonsall, Chairman Leo E. Mullin John F. Denneen Helen M. Ottaviani, Secretary
STATEMENT OF CASH RECEIPTS AND PAYMENTS FOR THE QUINCY RETIREMENT SYSTEM For The Year Ending December 31, 1948
RECEIPTS
Cash on Hand January 1, 1948
Member's Contributions
$4,432.23 4,873.68
Appropriations by City:
Pension Fund
$7,715.48
Pension Fund Special
314.24
8,029.72
Bonds sold or called
16,253.93
Income from Investments:
Interest on bonds
6,840.13
Total
$40,429.69
PAYMENTS
Refunds of Contributions:
On account of resignations
$6,298.91
Pension Payments
13,779.01
Bonds Purchased
15,293.75
Accrued interest on bonds purchased
138.51
Total
35,510.18
Cash balance as of December 31, 1948
4,919.51
Total
$40,429.69
INCOME ACCOUNT
Cash interest received
$6,840.13
Interest accrued but not due 12/31/48
1,543.36
$8,383.49
Less:
Accrued interest 1/1/48
1,815.00
Interest paid on bonds purchased
138.51
1,953.51
Net Interest earned
6,429.98
4% Credited on average funds:
Annuity Savings Fund
1,238.04
Annuity Reserve Fund
356.21
Pension Accumulation Fund
4,332.71
Pension 'Accumulation Fund Special
130.27
Excess
6.057.23 $372.75
144
BALANCE SHEET AS OF DECEMBER 31, 1948
Investments
$152,619.92
Accrued Interest
1,543.36
Cash
4,919.51
Annuity Savings Fund
$35,256.04
Annuity Reserve Fund
9,261.40
Pension Accumulation Fund
106,593.41
Pension Accumulation Fund Special
2,544.59
Surplus
5,427.35
$159,082.79
MEMBERSHIP - QUINCY RETIREMENT SYSTEM
Membership January 1, 1948
Male 73
140
1
214
Withdrawals:
Resignations
2
13
1 16
Transfers
1
. .
. .
Membership December 31, 1948
70
127
0
197
RETIRED MEMBERS
Membership January 1, 1948
13
13
0
26
Deaths
1
0
0
1
Membership December 31, 1948
12
13
0
25
DEPENDENT BENEFICIARIES OF DECEASED MEMBERS
Membership December 31, 1948 0
2
0
2
INVESTMENTS OF THE QUINCY RETIREMENT SYSTEM AS OF DECEMBER 31, 1948
Par
Book Value
Value
$ 10,000 American Telephone & Telegraph 234s, 1961
$ 10,899.56
10,000 Atlantic Coast Line RR. 1st 4s, 1952
9,107.50
15,000
Baltimore & Ohio RR. 1st 4s, 1975
13,519.88
8,000
Boston & Albany RR. 31/2s, 1952
6,810.00
10,000
Boston & Albany RR. 53, 1963
10,422.34
10,000
Boston & Maine RR. 4s, 1960
10,047.90
10,000
Chesapeake & Ohio Ry. 31/2s, 1996
10,551.23
10,000 Dominion of Canada 4s, 1960
10,020.49
10,000 Louisville & Nashville RR. 334s, 2003
10,000.00
10,000
Morris & Essex RR. 1st & Ref. 312s, 2000
7,946.44
10,000
Northern Pacific Ry. Pr. Lien Ry. Land Grant 4s, 1997. . Puget Sound Power & Light Co. 41/2s, 1st, 1971
9,382.50
5,000
Southern Pacific Co., Oregon Lines, 1st 41/2s, 1977
4,900.80
10,000
Southern Railway Co., 1st Cons. Mtg., 5s, 1995
9,744.53
10,000
Texas & Pacific Railway, 1st 5s, 2000
10,057.99
10,000 U. S. Treasury 2s, 1954/52
10,232.50
$157,000
$152,619.92
8,976.26
9.000
$159,082.79
Female Policemen Total
1
145
STATEMENT OF CASH RECEIPTS AND PAYMENTS FOR THE STATE - QUINCY RETIREMENT SYSTEM For The Year Ending December 31, 1948
RECEIPTS
Cash on hand January 1, 1948
$ 3,184.12
Members contributions
86,892.56
Transfers
244.06
Appropriations by City: Pension Fund
4,029.00
Bonds sold or called
20,000.00
Income from Investments:
Interest on bonds
13,396.31
Interest on deposits
467.15
Total
$ 128,213.20
PAYMENTS
Refunds of Contributions:
On account of resignations
$ 19,645.68
Pension payments
5,833.85
Annuity payments
454.02
Bonds purchased
94,256.06
Accrued interest on bonds purchased
288.13
Cash balance as of December 31, 1948
7,735.46
Total
$ 128,213.20
INCOME ACCOUNT
Cash interest received $ 13,396.31
Interest accrued but not due 12/31/48
4,130.69
Gross increase on bonds:
By amortization
334.30
By increase in market value
2,059.41
$19,920.71
Less :
Accrued interest 1/1/48 $ 3,490.72
Interest paid on bonds purchased
288.13
Gross decrease on bonds:
By amortization
181.74
By decrease in market value
592.79
4,553.38
Net interest earned
$15,367.33
3% Credited on average funds:
Annuity Savings Fund
$ 8,029.63
Annuity Savings Fund Special
210.07
Annuity Reserve
130.63
Pension Accumulation Fund
6,790.19
$15,160.52
Excess
$ 206.81
$120,477.74
146
BALANCE SHEET AS OF DECEMBER 31, 1948
Investments
$566,807.94 25,000.00
Savings Bank Deposit
4,130.69
Cash
7,735.46
$603,674.09
Annuity Savings Fund
$357,647.16
Annuity Reserve Fund
6,383.38
Annuity Savings Fund Special
5,820.30
Pension Fund
233,823.25
$603,674.09
MEMBERSHIP - STATE - QUINCY RETIREMENT SYSTEM Active Members
Group A
Active membership 12/31/47
Male 233
Female 351
Group B Male 134 69
Total 718
Enrolled during 1948
49
134
252
Total
282
485
203
970
Deduct, ceased by :
Death
2
0
0
2
Withdrawal
18
89
2
109
Retirement for :
Superannuation
2
1
0
3
Accidental disability
1
0
0
1
Transfers to inactive membership
0
27
0
27
Total Deductions
23
117
2
142
Active Membership 12/31/48
259
368
201
828
Inactive Members
Transfers from active membership
0
27
0
27
Total Membership December 31, 1948 . . 259
395
201
855
INVESTMENTS OF HE SAE - QUINCY RETIREMENT SYSTEM AS OF DECEMBER 31, 1948
Par
Book Value
Value
$ 5,000 American Telephone & Telegraph 234s, 1961
$ 5,424.96
8,000 American Telephone & Telegraph 234s, 1980
8,010.00
7,000 Atchison, Topeka & Santa Fe GM 4s, 1995
7,589.11
10,000 Chesapeake & Ohio RR. 31/2s, 1996
10,553.35
10,000 Chicago, Burlington & Quincy RR. 4s, 1958
9,562.06
10,000
Consolidated Edison Co. 234s, 1982
10,180.06
10,000 Detroit Edison Co. 234s, 1982
10,030.96
10,000
Erie RR. 31/8s, 2000
9,518.75
10,000 Illinois Central RR. Louisville Div. 31/2s, 1953
9,596.71
10,000 Illinois Central RR. Ref. 5s, 1955
10,700.00
10,000 Montana Power Co. 27/ss, 1975
9,600.00
10,000 Mountain States Tel. & Tel. 31/8s, 1978
10,086.60
10,000 New Jersey Bell Telephone Co. 31/8s, 1988
10,212.50
Accrued Interest
147
10,000 New York Central & Hudson River RR. 31/2s, 1997
7,548.23
10,000 New York Telephone & Telegraph 3s, 1981
10,112.50
10,000 Northern Indiana Public Ser. Co. 314s, 1978 10,275.00
10,000 Northern Pacific Railway 3s, 2047
6,200.00
10,000 Northwestern Bell Telephone Co. 314s, 1979
10,250.00
10,000 Pacific Gas & Electric Co. 27/ss, 1980
9,825.13
15,000
Reading Company 31/8s, 1995
15,199.50
15,000 Southern Pacific Railway 214s, 1961
14,446.77
10,000 Southern Railway, St. Louis Div. 4s, 1951
9,637.37
10,000 Virginian Railway 3s, 1995
10,571.45
20,000
U. S. Treasury 114s, 1949
20,000.00
10,000
U. S. Treasury 2s , 1952
10,145.75
25,000 U. S. Treasury 2s, 1954
25,531.18
8,000 U. S. Treasury 21/4 s, 1955
8,000.00
70,000
U. S. Treasury 21/2s, 1958
70,000.00
30,000
U. S. Treasury 21/2s, 1958
30,000.00
30,000
U. S. Treasury 21/2s, 1959
30,000.00
50,000
U. S. Treasury 214s, 1959
50,000.00
65,000
U. S. Treasury 214s, 1962
65,000.00
10,000
U. S. Treasury 21/2s, 1968
10,000.00
23,000
U. S. Treasury 21/2s, 1972
23,000.00
$571,000
$566,807.94
25,000
Savings Bank Deposit
25,000.00
$596,000
$591,807.94
QUINCY RETIREMENT BOARD EXPENSES FOR YEAR ENDING DECEMBER 31, 1948
Appropriation by City:
Expense Fund
$3,140.00
Expenses :
Secretarial
$1,928.01
Actuarial
650.00
Printing
141.50
Postage
18.83
Office Supplies
95.26
Bonds
75.00
Miscellaneous
122.09
New Equipment
84.75
3,115.44
Unexpended balance returned to City
$ 24.56
.
148
Collector of Taxes
To His Honor the Mayor of the City of Quincy :-
I have the honor to submit the following report of the Tax Collector's Department for the year ending December 31, 1948
The amount of cash collected on the tax for the various years is as follows :-
PERSONAL TAX OF 1946
Cash Received
Amount uncollected January 1, 1948
$1,430.91
Charges
10.50
1,441.41
Credits
3.00
1,438.41
Less Abatements
1,426.41
12.00
Amount Collected during year 1948
12.00
$12.00
REAL ESTATE TAX OF 1946
Amount uncollected January 1, 1948
$32,250.45
Charges
55.50
32,305.95
Credits
10.50
32,295.45
Less Abatements
30,330.00
1,965.45
Abatement Refunds
1,030.05
2,995.50
Amount Collected during year 1948
2,994.00
2,994.00
Amount uncollected January 1, 1949
1.50
Amount of Interest Collected
168.97
MAIN SEWER APPORTIONMENTS OF 1946
Amount uncollected January 1, 1948
$13.69
Amount Collected during year 1948
13.69
13.69
STREET BETTERMENT APPORTIONMENTS OF 1946
Amount uncollected January 1, 1948.
$249.98
Amount Collected during year 1948
23.22
23.22
Amount uncollected January 1, 1949
226.76
149
COMMITTED INTEREST ON BETTERMENTS OF 1946
Amount uncollected January 1, 1948
$70.18
Amount Collected during year 1948
6.69
6.69
PERSONAL TAX OF 1947
Amount uncollected January 1, 1948
$9,151.33 3.00
Charges
9,154.33
Less Abatements
45.38
9,108.95
Amount Collected during year 1948
7,020.57
Amount uncollected January 1, 1949
2,088.38
REAL ESTATE TAX OF 1947
Amount uncollected January 1, 1948
$595,892.83 290.78
Charges
596,183.61 15,034.83
Credits
581,148.78
Less Abatements
50,215.31
530,933.47
Abatement Refunds
14,552.45
545,485.92
Amount Collected during year 1948
533,248.70
533,248.70
Amount uncollected January 1, 1949
12,237.22
Amount of Interest Collected
10,149.27
MAIN SEWER APPORTIONMENTS OF 1947
Amount uncollected January 1, 1948
$797.42 7.19
Charges
804.61
Credits
117.05
687.56
Amount Collected during year 1948
662.58
662.58
Amount uncollected January 1, 1949
24.98
7,020.57
Amount uncollected January 1, 1949
63.49
150
STREET BETTERMENT APPORTIONMENTS OF 1947
Amount uncollected January 1, 1948
$879.72 30.32
Charges
910.04
Credits
92.75
Less Abatements
78.04
739.25
Amount Collected during year 1948
489.27
Amount uncollected January 1, 1949
249.98
COMMITTED INTEREST ON BETTERMENTS OF 1947
Amount uncollected January 1, 1948
$367.97 10.96
Charges
378.93
Credits
49.27
329.66
Less Abatements
22.04
307.62
Amount Collected during year 1948
246.94
Amount uncollected January 1, 1949
60.68
WATER LIENS ON 1947 TAX BILLS
Amount uncollected January 1, 1948
$2,062.60
Charges
18.99
Credits
2,081.59 340.92
1,740.67
Amount Collected during year 1948
1,708.95
1,708.95
Amount uncollected January 1, 1949
31.72
PERSONAL TAX OF 1948
Total amount committed by Assessors
$339,812.15
Charges
3.00
339,815.15
Less Abatements
1,845.90
337,969.25
Abatement Refunds
43.70
338,012.95
Amount Collected during year 1948
321,515.15
Amount uncollected January 1, 1949
16,497.80
489.27
246.94
321,515.15
817.29
151
REAL ESTATE TAX OF 1948
Total amount committed by Assessors
$5,042,295.05 5,345.82
Credits
5,047,640.87 114.00
Less Abatements
45,930.35
5,001,596.52
Abatement Refunds
7,467.70
5.009.064.22
Amount Collected during year 1948
4.690,965.91
4,690,965.91
Amount uncollected January 1, 1949
318,098.31
Amount of Interest Collected
1,082.72
MAIN SEWER APPORTIONMENTS OF 1948
Total amount committed by Assessors $3,690.26 7.19
Charges
3,697.45 6.40
Credits
3,691.05
Amount Collected during year 1948
3,129.54
3,129.54
Amount uncollected January 1, 1949
561.51
SIDEWALK APPORTIONMENTS OF 1948
Total amount committed by Assessors
$97.16
97.16
STREET BETTERMENT APPORTIONMENTS OF 1948
Total amount committed by Assessors $10,987.53 30.32
Charges
11,017.85
Amount Collected during year 1948
10,204.38
10,204.38
Amount uncollected January 1, 1949
813.47
COMMITTED INTEREST ON BETTERMENTS OF 1948
Total amount committed by Assessors $4,246.43
Charges
10.02
Credits
.64
4,255.81
Less Abatements
13.86
4,241.95
Amount Collected during year 1948
3,878.35
3,878.35
Amount uncollected January 1, 1949
363.60
97.16
Amount Collected during year 1948
.
4.256.45
Charges
5,047,526.87
152
WATER LIENS ON 1948 TAX BILLS
Total amount committed by Assessors
10,395.60 143.42
Charges
10,539.02
Amount Collected during year 1948
8,342.87
Amount uncollected January 1, 1949
2,196.15
POLL TAX OF 1948
Total amount committed by Assessors
$53,088.00
Charges
30.15
Less Abatements
2,296.00
50,822.15
Abatement Refunds
32.00
50,854.15
Amount Collected during year 1948
48,926.15
48,926.15
Amount uncollected January 1, 1949
1,928.00
POLL TAX OF 1947
Amount uncollected January 1, 1948
$1,310.00
Less Abatements
68.00
1,242.00
Abatement Refunds
8.00
1,250.00
Amount Collected during year 1948
314.00
314.00
Amount uncollected January 1, 1949
936.00
POLL TAX OF 1946
'Amount uncollected January 1, 1948
$636.00
Charges
10.00
646.00
Less Abatements
640.00
Abatement Refunds
4.00
Amount Collected during year 1948
10.00
MOTOR EXCISE TAX OF 1948
Total amount committed by Assessors
$271,623.63
Charges
79.48
Less Abatements
10,802.57
260,900.54
8,342.87
10.00
6.00
10.00
271,703.11
53,118.15
153
Abatement Refunds
4,636.05
Amount Collected during year 1948
252,153.61
252,153.61
Amount uncollected January 1, 1949
13,382.98
127.64
MOTOR EXCISE TAX OF 1947
Amount uncollected January 1, 1948
10,773.39
Warrant by Assessors
4,990.39
15,763.78
Charges
22.50
15,786.28
Less Abatements
583.64
15,202.64
Abatement Refunds
85.80
15,288.44
Amount Collected during year 1948
13,235.84
13,235.84
Amount uncollected January 1, 1949
2,052.60
Amount of Interest Collected
72.60
MOTOR EXCISE TAX OF 1946
Amount uncollected January 1, 1948 1,142.59
Charges
52.64
1,195.23
Less Abatements
920.35
274.88
Amount Collected during year 1948
274.88
274.88
Amount of Interest Collected
1.02
MOTOR EXCISE TAX OF 1945
Charges
2.85
Amount Collected during year 1948
2.85
2.85
Amount of Interest Collected
.06
MOTOR EXCISE TAX OF 1944
Charges
7.17
Amount Collected during year 1948
7.17
7.17
Amount of Interest Collected
.22
MOTOR EXCISE TAX OF 1943
Charges
8.17
Amount Collected during year 1948
8.17
8.17
Amount of Interest Collected
.08
MAIN SEWERS
Amount Collected on Sewer Construction
5,144.49
Amount of Interest Collected 4.45
265,536.59
Amount of Interest Collected
154
SIDEWALKS
Amount Collected on Sidewalks STREET BETTERMENTS
27.09
Amount Collected of Street Betterment
14,953.70
Amount of Interest Collected
25.41
Amount Collected on Water Liens Previous
39.34
Costs Collected during year 1948
3,895.26
Total Amount of Cash Collected during year 1948. .
$5,935,184.96
FREDERICK C. SMAIL, Collector of Taxes
155
Board of Assessors
ASSESSOR'S OFFICE
VALUATION
Value of Buildings
$ 92,367,800.00
Value of Land
40,309,975.00
Total Value of Land & Buildings
$132,677,775.00
Value of Personal Property 8,913,825.00
Total Valuation of the City as determined January 1, 1948 $141,591,600.00
156
TAX RATE
$38.00
Amount to be raised by Taxation $ 5,380,480.80 51,546.00
Amount to be raised on Poll Taxes
The valuation was increased by omitted assessments levied
in December, 1948 14,200.00
Net valuation of Motor Vehicles Dec. 31, 1948 7,134,847.00
Total Valuation of the City, including automobiles for 1948 was
.$148,740,647.00
RECAPITULATION FOR 1948
CITY APPROPRIATIONS
Budget
$ 7,338,178.86
General Interest
54,000.00
City Debt
400,000.00
Temporary Loan Interest
8,000.00
Deficit Overlay 5,873.01
Appropriation from Available Funds
908,872.13
Overlay (Current year)
74,665.10
Water Appropriations
185,634.07
Interest on Tax Refunds
700.00
1947 Unpaid Welfare Bills
. 9,138.24
$8,985,061.41
STATE ASSESSMENTS
State Parks & Reservations
$ 2,939.15
State Audit
647.14
Smoke Inspection
1,700.00
Charles River Basin
11,852.31
Metropolitan Parks
31,459.07
Nantasket Beach
3,138.12
Metropolitan Sewerage
98,161.02
Boulevards
491.07
Metropolitan Water
88,011.60
Underestimates
15,670.51
$254,069.99
COUNTY ASSESSMENTS
County Tax
$ 161,544.48
Tuberculosis Hospital
68,901.93
$ 230,446.41
TOTAL EXPENSES
$ 9,469,577.81
157
ESTIMATED INCOME FOR 1948
Income Tax
$ 217,983.68
Corporation Tax
186,486.30
Personal Income Tax
328,859.89
Gasoline Tax
36.85
Motor Vehicle & Trailer Excise
175,197.63
Licenses
81,384.10
Fines
2,267.26
Miscellaneous
1,847.31
Tax Title
528.90
Premium
6,044.00
Special Assessments
36,398.71
General Government
11,644.43
Protection of Persons and Property
16,993.93
Health and Sanitation
Highways
Charities
Old Age Assistance
Old Age Tax (Meals)
Veterans' Benefits
Schools
Libraries
5,049.28 772.00
Water
273,645.67
Cemeteries
28,250.61
Interest on Taxes
9,914.92
Business Corporation
Hospital
164,770.41 717,189.05
F.H.C. Housing
8,064.41 125,580.00
Overestimates
$ 33,768.47
Available Funds 908,872.13
Trans. from Water Reserve
190,000.00 $4,037,335.01
Respectfully submitted, BOARD OF ASSESSORS,
CHARLES F. A. SMITH, Chairman,
ARNOLD O. EASTMAN, LARRY ANTONELLI.
.
58,132.56 465.17 77,485.89 300,790.47 19,060.53 8,378.79 41,471.66
Recreation
Chapter 198 Acts of 1948
. .
PR
THOMAS CRANE PUBLIC LIBRARY 3 1641 00719 2804
AUG
2006
THE OBSERVER PRESS
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