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 1954 > Part 5
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- City of Quincy
48
Quincy is one of the communities participating in the Citizenship Education Project sponsored by Columbia University and the New England School Development Council.
An Educational Exposition was held in 1954 to give Quincy citizens a close-up of what their schools are doing. All grades, 1 to 12, participated in the two-day program featured by drama, colored slides and pupil exhibits.
The close relationship between parents and schools in Quincy is indicated by the fact that there are 24 parent-teacher associations.
Enrollment October 1, 1953 and 1954
1953
1954
1953
1954
By Grades
By Schools
Kindergarten
1224
Quincy High School
1338
1297
Grade 1
1609
971
North Quincy High School
1657
1756
Grade 2
1614
1450
Central Junior High
767
858
Grade 3
1266
1559
Quincy Point Junior High
499
607
Grade 4
1251
1215
South Junior High
523
631
Grade 5
1325
1232
Adams
385
388
Grade 6
1294
1295
Atherton Hough
744
676
Grade 7
1063
1253
Beechwood Knoll
289
301
Grade 8
883
1074
Coddington
Grade 9
780
832
Cranch
Grade 10
774
743
Daniel Webster
499
549
Grade 11
660
640
Francis W. Parker
253
314
Grade 12
620
605
Gridley Bryant
241
215
Post Graduate
4
2
John Hancock
336
335
Massachusetts Fields
522
560
Merrymount
630
694
Nathaniel S. Hunting
293
309
Quincy
542
711
Snug Harbor
390
427
Squantum
303
337
Thomas B. Pollard
153
246
Washington
436
469
Willard
612
644
Wollaston
31
30
Physically Handicapped
15
8
Sight Conservation
232
273
Trade
18
Exceptional Class
13,475
14,473
Money Received by City Treasurer Due to Operation of Schools, 1954
Tuition
383,345.37
State. federal reimbursements
6.774.13
Miscellaneous receipts
$415,495.75
Total Receipts
Annual Report
49
Trade
232
273
275
251
13,475
14,473
Montclair
598
622
Special Classes
100
105
Lincoln
260
309
289
259
343
367
Class for Older Boys
20
12
$ 25,376.25
Financial Statement For the Fiscal Year Ending December 31, 1954
Appropriated by City Council (exclusive of Federal Funds) Appropriated for outstanding 1953 bills and contracts; salaries held over
$3,438.081.70 169.833.57
Total available ( exclusive of Federal Funds)
$3,607,915.27
Expended: Regular and State-Aided School and Classes* (exclusive of Federal Funds )
Outstanding bills and contracts: salaries held over
$3,461,830.65 145,628.17
3.607,458.82
Balance
S 456.45
Itemized Expenditures
1953
1954
Additional Equipment
S 37.358.82
S 40,674.16
Coordinate and Auxiliary Agencies
73,803.64
99,795.21
Evening Academic School
3,977.64
3.982.06
General Control
66,906.24
71,634.82
Instruction
2,321,136.28
2,522,106.48
Library Fund
3,857.80
4,662.23
Maintenance
69,118.42
154,323.68
Miscellaneous
7,862.17
7,875.58
Operation of Plant
342,951.33
368.770.70
Pensions
13,738.96
16,317.56
Remodeling
96,923.41
12,327.31
Speakers Fund
390.50
285.00
Travel Outside State
303.53
1,395.79
Total for Regular Schools
$3,038,328.24
$3,304.150.52
Total Expenditure (exclusive of Federal Funds)
$3,173,940.83
1954 $3,461,830.65
* All public schools are state-aided to the extent that the city receives reimbursement from the state. The term "State-Aided" as contrasted with "Regular" applies to special types of education for which the state and, in some instances, the federal government make special appropriations.
THE PERSONNEL DEPARTMENT
The payroll average of Quincy municipal employees, according to the figures of the Personel De- partment which do not include school personnel, was 1727.5 in 1954 as compared with 1676.5 during the previous year. The figures include both permanent and temporary employees. The net increase during the year was 39. Average turnover was 17.72 percent: this figure refers to permanent personnel only.
The number of applications for employment remained at a high level during the year. with 576 Civil Service Labor applications processed. During the year 849 persons entered the employ of the City, exclu- sive of temporary laborers hired on an emergency basis for hurricane clearance work.
In-service training for administrative and supervisory personnel and for key employees was again stressed during 1954. A total of 23 municipal employees of various ranks took either training courses or attended institutes during the year: and police officers under 50 years of age attended the regular police school conducted at Quincy Police Headquarters with the cooperation of the F.B.I.
In-service training activities included attendance of one or more employees at : Institute on Financial Management, sponsored by the American Hospital Association at Chicago: Management Development Program at Thayer Academy; School of Building Inspectors, New York: Oil Heat Service School, Boston: Commonwealth Workshop, Boston: Dale Carnegie Course. Burdett College, Boston: Police Officers Train- iug School, Framingham Barracks: Massachusetts Public Welfare Conference. West Harwich; Tree Wardens, Arborists and Utilities Conference, Amherst.
City of Quincy
50
....
1953
QUINCY HOUSING AUTHORITY
The Quiney Housing Authority, an unpaid board of five citizens, manages and operates 616 honsing units in three projcets. They are: 36 units in Westaeres, established under Chapter 372; 400 units in Snug Harbor, established under Chapter 200: and 180 units, established as federally-aided low rent units.
The State Housing Board has instructed the Quincy Housing Authority to proceed with the sale of the nine four-apartment buildings at Westacres under the terms of the state law. Accordingly, the build- ings have been offered to the veteran-tenants at the Veterans Administration appraised figure of $24,500 per building. Tenants were given to May 1, 1955 to accept the offer.
When construeted in 1948-1949, the project cost $399,846.15. If sold at the indicated appraisal price, the loss to the City would be approximately $75,000.
During 1954 the surplus of receipts over operating expenses was $14,114.81. which was transferred to the City at the end of the year. Since the project was built in 1949 the total transmitted to the City as surplus from operations has been $88,550.68.
Snug Harbor, occupied sinee August, 1950, turned in a surplus of $14,400 during 1954 which was transmitted to the City in lieu of taxes. Snug Harbor has remained 100 percent occupied since the initial occupancy. In February of 1954 the Quiney Housing Authority, with the approval of the State Board of Housing, reimbursed the City of Quincy the $61,827.20 the City had paid for the installation of utilities at Snug Harbor.
Riverview. the Federally-aided low rent housing development that adjoins Snug Harbor, has remained 100 percent tenanted since it was completed in 1952. Rents are determined in accordance with the income and size of family, approximately 21 percent of net income.
Riverview is the only publie housing project in Quiney in which non-veterans may become tenants. As of the date of the last available report, there were 85 veteran and 95 non-veteran families living in the project. For the fiscal year ending June 30, 1954, a sum of $7,154.28 was transmitted to the City in lieu of taxes through the operation of Riverview.
In 1954 the State Honsing Board approved an application from the Quiney Housing Authority for financial assistance covering the construction of 45 units of Housing for the Elderly. The Authority was making arrangements as 1954 closed to retain architects and proceed with the construction of these units in 1955. Construction of the homes will involve no cost to the City, since utilities exist in Snug Harbor, the site of the proposed new development, which are adequate to serve the 45 units.
The statistics kept by the Quincy Honsing Authority, as of its annual report for 1954, indicate that the 616 families in the three existing projects have 1650 children and a total income of $3,000,000.
Since the inception of public housing in Quincy, the Authority has paid the City $236,601.13 in lieu of taxes. Of this amount, $62,886.21 was paid on property formerly held by the Sailors Snug Harbor, an eleemosynary institution ereated in 1861, which was free of local taxation.
SEALER OF WEIGHTS AND MEASURES
The Scaler of Weights and Measures in 1954 made 5617 reweighings of commodities: finding correct weights in 4774 cases, under weight in 527 and over weight in 316.
During the year 1274 seales were sealed; 99 adjusted and 42 condemned. Also condemned were 14 weights, 2 capacity measures, 29 automatie measuring devices and 5 linear measures.
The department made 16,392 inspections and collected $2,991.75 in fees.
Five eases were prosecuted in Court, with one acquittal and fonr convictions. Three defendants were fined $25 each and one $30.
Annual Report
51
QUINCY RENT CONTROL BOARD
The Rent Control Board, created in the preceding year, when local control superseded national con- trol, continued to operate in 1954 until June 30 when Rent Control expired in Quincy by law.
At the instance of landlord representatives a 10 percent increase in rent was voted, five to three, on January 8, 1954, but the vote was declared by the chairman "improper, null and void and out of order." The city solicitor ruled that the vote was legal and effective. Landlords filed 1131 applications for the 10 percent increase. and all applications were granted.
The Board consisted of nine members appointed by the city manager: five representing public inter- est and two each representing landlords and tenants.
Following the termination of controls on June 30, 1954 the offices at 77 Parkingway were closed and the records of the Federal and the Quincy Rent Control boards were deposited with the Federal Re- corder Center. General Services Administration, 130 Auckland Street, Dorchester, Mass.
The following table records the expenditures of the Quincy Rent Control Board for the entire 11 months it functioned :
Expenditures
Salaries
1953 $5,737.22 1,632.39 2.677.70
1954 $8,475.20 1,417.53
Total $14,212.42 3,049.42 2,677.70
Expenses
Capital Outlay
19,940.04
40% paid by the Commonwealth of Massachusetts
7,976.01
$11.964.03
The toal workload of the Board during the entire period of its operation is shown in the following table:
* Rent Control Statistics
Landlord's Petitions
Filed
Denied
Dismissed
Processed
Monthly
Rent
Before
Increase
Monthly
Increase
Monthly
Increase
Yearly
Increase
Average %
Increase
RC2 Pet. for Adjustment
1,434 112 252
1,070 $49,742.72 $ 55.509.64 $5,766.92 $ 69,203.04 $5.38
RC2G Pet.
10%
1,131
1,131
41,919.50
46,111.45
4.191.95
50.303.40
3.70
10%
Total
2,565
112
252
2,201
$91,662.22
$101,621.09
$9,958.87
$119.506.44
Av. $ Increase
of cases granted
111/2%+
* This is the total work load for the period from August 1953 through June 30, 1954
52
- City of Quincy
Rent
After
Section Three FINANCIAL STATISTICS
AUDITOR OF ACCOUNTS OFFICE OF THE COLLECTOR OFFICE OF THE TREASURER BOARD OF ASSESSORS
Annual Report
53
The Auditor of Accounts
March 4, 1955
To His Honor the Mayor, the Honorable City Council and City Manager :-
I submit herewith the financial report of the City of Quincy for the year ending December 31, 1954.
In compliance with Section 50, Chapter 41 of the General Laws there is appended a certificate under oath with reference to the verification of cash balances in the hands of the City Treasurer-Collector, and various trustees having custody of funds.
Respectfully submitted, Alexander Smith City Auditor and Director of Finance
CITY OF QUINCY, MASSACHUSETTS Office of the AUDITOR OF ACCOUNTS
March 4, 1955
To His Honor the Mayor, the Honorable City Council and City Manager :-
I hereby certify that I have verified, by actual count of the cash, and verification of the bank book balances, the cash of the City Treasurer-Collector, the Board of Managers of the Adams Temple & School Fund, the Board of Managers of the Woodward Fund and Property, the Trustees of the Thomas Crane Library, and the Trustees of the City Hospital of Quincy.
Respectfully submitted, Alexander Smith City Auditor and Director of Finance
COMMONWEALTH OF MASSACHUSETTS
Norfolk, ss.
Subscribed and sworn to before me this day.
Douglas A. Randall Notary Public
City of Quincy
54
ANNUAL APPROPRIATIONS 1954 City of Quincy IN COUNCIL
Order No. 100
March 15, 1954
ORDERED:
That the several sums named herein be and are hereby appropriated for the payment of the expenses of the City of Quincy for the financial year beginning January 1, 1954 and ending December 31, 1954, to be expended by and under the direction of the City Manager and the same to be charged to the Revenue of 1954.
APPROPRIATION DETAIL
LEGISLATIVE BRANCH
$85,979.00
Mayor and Council
$29,800.00
Personal Services
$25,800.00
Expenses
4,000.00
Clerk of Committees
2,350.00
Personal Services
2,350.00
City Clerk
Personal Services
18,150.00
Expenses
675.00
Capital Outlay
175.00
Elections and Registrations
Personal Service
21,224.00
Expenses
11,750.00
Capital Outlay
930.00
Vital Statistics
Expenses
925.00
EXECUTIVE BRANCH
City Manager
Personal Service
$26,900.00
Expenses
1,800.00
Capital Outlay
200.00
Auditor
10,750.00
Expenses
3,589.00
GENERAL GOVERNMENT
Assessors
Personal Service
6,030.00
Expense
3,705.00
Finance
Personal Service
72,400.00
Expense
13,600.00
Capital Outlay
125.00
Personnel
Personal Service
16,675.00
Expense
75.00
Law
Personal Service
5,030.00
Purchasing
Personal Service
5,000.00
Expense
160.00
Planning and Zoning
11,800.00
Personal Service
1,050.00
Expense
325.00
Capital Outlay
1,590.00
License Board
1,255.00
Personal Service
335.00
Expense
$1,786,046.00
PUBLIC SAFETY BRANCH
$7,405.00
Civil Defense Personal Service
$6,500.00 905.00
Expense
60,695.00
Capital Outlay
17,930.00
12,900.00
Expense
23,660.00
18,500.00
Capital Outlay
13,175.00
$271,610.00
$51,685.00
$41,950.00
Capital Outlay
86,125.00
77,445.00
Personal Service
14,339.00
$43,239.00
$28,900.00
925.00
Annual Report - - -
55
19.000.00
33.904.00
Police Department Personal Service Expense Capital Outlay ..
625,835.00
106,840.00
23,425.00
Shellfish Constable Personal Service Expense
620.00
Dog Officer Expense .
1,300.00
Harbor Master
450.00
Personal Service
400.00
Expense
50.00
Traffic Signs and Signals
27,252.00
Personal Services
19.202.00
Expense
7,200.00
Capital Outlay
850.00
Rifle Range
500.00
Expense
500.00
Fire Department
920,345.00
Personal Services
829,600.00
Expense
83,145.00
Capital Outlay
7,600.00
Fire Alarmı
26,856.00
Personal Service
15,856.00
Expense
8,000.00
Capital Outlay
3,000.00
Building Inspector
18,108.00
Personal Service
15,400.00
Expense
2,558.00
Capital Outlay
150.00
Electrical Inspector
9.250.00
Personal Service
7,750.00
Expense
1.325.00
Capital Outlay
175.00
Plumbing Inspector
5,693.00
Personal Service
4,985.00
Expense
458.00
Capital Outlay
250.00
Sealer of Weights and Measures
9.217.00
Personal Service
8,550.00
Expense
482.00
Capital Outlay
185.00
SOCIAL SERVICE BRANCII
$3.458,014.00
Hospital
$1,953,473.00
Personal Service
$1,461,837.00
Expense
479,461.00
Capital Outlay
12,175.00
Health
164,052.00
Personal Service
114.588.00
Expense
48,264.00
Capital Outlay
1.200.00
General Relief
84.312.00
Personal Service
14.467.00
Expense ..
69,145.00
Capital Outlay .
700.00
Aid to Dependent Children
151,327.00
Personal Service
9.683.00
Expense
141.225.50
Capital Outlay
418.50
Old Age Assistance
719,527.00
Personal Service
30,047.00
Expense
688,648.00
Capital Outlay .
832.00
City Home
9,503.00
Personal Service
3.503.00
Expense
6,000.00
Disability Assistance
93,590.00
Personal Service
5.803.00
Expense
87,186.00
Capital Outlay
601.00
Veterans' Service
282.230.00
Personal Service .
31.300.00
Expense
250.825.00
Capital Outlay
105.00
City of Quincy
56
756,100.00
3,570.00
2,950.00
1,300.00
PUBLIC WORKS
$2,025,514.00
Administrative Personal Service Expense Capital Outlay
$35.190.00
$33,600.00
715.00
875.00
Engineering
Personal Service
64,029.00
Expense
6,236.00
Capital Outlay
4,600.00
Public Buildings Personal Service
23,916.00
Expense
12,015.00
Highway
756,318.00
General Operations Pensions
55,876.00
Parking Area-
41,877.00
Personal Service Expense
14,365.00
Sewers
156,716.00
General Operations
133,607.00
Pensions
17,495.00
Capital Outlay
5,614.00
Sanitation
356.893.00
Personal Service
308,588.00
Expense
48,305.00
Park Department
85.263.00
Personal Service
68,777.00
Expense
16,486.00
Cemetery
88.423.00
Personal Service
72,000.00
Expense
15.507.00
Capital Outlay
916.00
Forestry
78.516.00
Personal Service
59.241.00
Expense
7.275.00
Gypsy Moth
5,000.00
Dutch Elm
7,000.00
Water Department
285,522.00
Personal Service
182,897.00
Expense
82,625.00
Capital Outlay
20,000.00
PUBLIC SERVICE
$263.051.00
Library
Personal Service
145.734.00
Expense
52.000.00
Capital Outlay
1.873.00
Recreation
Personal Service
43.030.00
Expense
8.078.00
Historical Places Expense
1,000.00
Rent Control
Personal Service
9.286.00
Expense
2,050.00
EDUCATION
$3,446,241.00
School Department
Personal Service
$2,914,867.00
Expense
470.239.00
Capital Outlay
40.000.00
Travel Out of State
1,500.00
Athletic Revolving Fund
19,635.00
UNCLASSIFIED
Debt Service
Judgments, Losses and Claims
10.000.00
Annuities
300.00
Property Management
2,000.00
Annual Report
4.000.00
General Insurance
17,500.00
State Mosquito Control
6,000.00
Tree Trimming, Q.E.L.
1,700.00
Employee In-Service Training
1,000.00
Christmas Holiday Display
$1,249,707.00
$1,148,041.00
8,676.00
Travel Out of State
3,000.00
Annual Report
57
$199,607.00
51,108.00
1.000.00
11,336.00
$3,446.241.00
74,865.00
65.931.00
700,442.00
27,512.00
Aircraft Warning Post Child Guidance Constr. of Public Buildings (Qualifying Fee)
100.00 8,390.00 39,000.00
MISCELLANEOUS
$1.018,562.93
State
$507,959.83
State Auditor
$ 206.10
State Exam. of Retirement
805.72
Smoke Inspection Service
2,074.04
Metropolitan Reservations
116.371.44
Metropolitan Sewerage
156,723.53
Metropolitan Water
218,443.60
Boston Arena Authority
13,335.40
County
County Tax
279,993.16
County Hospital
218,896.97
Under Estimates
11,712.97
Overlay
150,000.00
150,000.00
For Deficits, Abatements, Exceptions
150.000.00
GRAND TOTAL Appropriations of This Order
Less: Amount to be offset by transfer from: Parking Meter Receipts
41,877.00
Net Amount to be Appropriated by This Order
$13.756.086.93
And be it further ORDERED :
That the sum of $41,877.00 be and is hereby appropriated for the expenses of the Parking Areas and to be paid from Parking Meter Receipts.
Passed to be ordained March 15, 1954.
Attest : - Hattiemay Thomas Clerk of Council.
Attest :--
Amelio Della Chiesa Mayor
A true copy. Attest :-
Assistant City Clerk.
ADDITIONAL APPROPRIATIONS, 1954
Order No.
Account
Amount
Date
3
Fire - Personal Services
$ 5,050.00
Jan. 4, 1954
4
Health - Personal Services
1,568.00
Jan. 4, 1954
5
School - Personal Services
5,824.00
Jan. 4, 1954
6
Hospital - Personal Services
15,038.00
Jan. 4, 1954
7
School - Capital Outlay
10,000.00
Jan. 4, 1954
8
Sewer - Personal Services
600.00
Jan. 4, 1954
29
Highway - Snow and Ice
40,000.00
Jan. 22, 1954
49
First Blast Furnace
7,000.00
Jan. 18, 1954
50
Water - Personal Services
700.00
Jan. 18, 1954
53
Hospital - Personal Services
1,000.00
Jan. 18, 1954
54
Welfare Relief - Aid to Dependent Children, Old Age and Dis- ability Assistance
3,050.00
Jan. 18, 1954
55
Welfare Relief - Aid to Dependent Children, Old Age and Dis- ability Assistance
4,350.00
Jan. 18, 1954
90
Annuity - Curtin
945.75
Feb. 1, 1954
91
Health - Capital Outlay
700.00
Feb. 1, 1954
92
Hospital - Capital Outlay
19,535.00
Feb. 1, 1954
93
Hospital - Capital Outlay
1,600.00
Feb. 1, 1954
94
Hospital - Expense
700.00
Feb. 1, 1954
152
Retirement - Expense
1,260.00
Mar. 1. 1954
153
Retirement - Personal Services
1,000.00
Mar. 1. 1954
191
Quarry Street Property
1,642.70
Mar. 15, 1954
194
Water - Pensions
1,210.00
Mar. 15, 1954
195
Police - Pensions
2,078.60
Mar. 15, 1954
196
Fire - Pensions
2,078.60
Mar. 15, 1954
283
Fire - Pensions
1,782.84
Apr. 20, 1954
357
Teachers' Retirement Fund
567.68
May 17, 1954
359
Fire - Pensions
1,924.89
May 17, 1954
360
Highway - Pensions
1.253.34
May 17, 1954
362
Police - Pensions
1.643.40
May 17, 1954
361
Police - Pensions
1,643.40
May 17, 1954
$135,746.20
City of Quincy
-
58
510.603.10
$13,797,963.93
SUMMARY
Total Budget Appropriations Additional Appropriations Rent Control - 1953
$12,587.524.00 135,746.20 10.047.31
$12,733,317.51
DEBT STATEMENT, 1954
Total Debt January 1, 1954 Retirements during 1954:
$9,067,500.00
Inside Debt Limit :
Rock Island Sewer
$ 30,000.00
Sewers
55,000.00
Streets
279.000.00
Schools
143.000.00
New Equipment
80,000.00
Land and Buildings
10,000.00
Municipal Parking Area
15,000.00
East Hancock Park Land Takings
50,000.00
East Hancock Park Construction ..
15,000.00
Off Street Parking .
5,000.00
Central Fire Station
5.000.00
Fire Station
8.000.00
Public Works Garage
10,000.00
Sea Wall
9,500.00
Outside Debt Limit:
School Construction
$100,000.00
Sewers
13.000.00
Hospital Administration Building
4.000.00
Hospital Power Plant
25.000.00
Judgment Parking Land
15,000.00
Health Center
20,000.00
Municipal Garage
3.000.00
Quincy Veterans" Housing
20.000.00
Civil Defense
15,000.00
Relaying Water Mains
20,000.00
$235,000.00
949,500.00
Total Debt as of December 31, 1954
$8.118,000.00
TOTAL FUNDED DEBT as of December 31, 1954
Inside Debt Limit :
Rock Island Sewer
$ 253.400.00
716.600.00
Streets
1,196,000.00
Schools
1.270,000.00
Remodelling Public Buildings
247.000.00
New Equipment
152,000.00
Land and Buildings
70,000.00
Municipal Parking Area
75,000.00
East Hancock Parking Land Takings
190,000.00
East Hancock Parking Construction
135,000.00
Off Street Parking
30,000.00
Central Fire Station
104.000.00
Fire Station
120,000.00
Public Works Garage
45,000.00
$4.909.000.00
Outside Debt Limit :
School Construction
$1,660,000.00
Sewers
Hospital Administration Building
150.000.00
Hospital Power Plant
195,000.00
Judgment Parking Land
250,000.00
Health Center
6,000.00
Municipal Garage
260,000.00
Quincy Veterans' Housing
30,000.00
Civil Defense
220.000.00
3.209,000.00
$8,118.000.00
Annual Report
-
59
Sea Wall
130,000.00
8.000.00
Relaying Water Mains
5,000.00
Sewers
$714,500.00
BORROWING CAPACITY FOR 1954 (General Laws, Chapter No. 44 - Section 10)
"Except as otherwise anthorized by law, a city shall not authorize indebtedness to an amount exceeding 21/2% of the average of the Assessors' valnation of the taxable property for the three preceding years, the valu- ation being first reduced by the amount of all abatements allowed therein previous to December 31, of the preceding year."
Net Valuation Real and Personal 1952
$150,325,051.00
Motor Vehicles 1952
10,799,947.00
Net Valuation Real and Personal 1953
152,370,582.00
Motor Vehicles 1953
12.233,206.00
Net Valuation Real and Personal 1954
155,509,769.00
Motor Vehicles 1954
11,075.757.00
$492,314,312.00
Three years' average valuation
$164.104,771.00
21/2% thereof
$4,102,619.00 4,102,619.00
Extra - Chapter 56
8,205,238.00
Debt January 1, 1955 ( Within Debt Limit )
4,909,000.00
Available Borrowing Capacity January 1, 1955
$3.296.238.00
Debt maturing during 1955 which will increase borrowing margin:
JANUARY
$ 40,000.00
FEBRUARY
5.000.00
MARCH
20,000.00
APRIL .
85,000.00
MAY
80,000.00
JUNE
55,000.00
JULY
240,000.00
AUGUST
5,000.00
SEPTEMBER
160,000.00
OCTOBER
8,000.00
DECEMBER
5,000.00
$703,000.00
TEMPORARY LOANS, 1954
(In Anticipation of Revenue)
Date Issued
Date Due
Sold To
Rate of Discount
Amount
Mar. 31, 1954
Nov. 5, 1954
First National Bank
.63%
S 750,000.00
Apr. 23, 1954
Nov. 22, 1954
Merchants National Bank
.603%
750.000.00
May 14, 1954
Dec. 7,1
National Shawmut Bank
.49%
750,000.00
July
9, 1954
Dec. 21, 1954
Norfolk County Trust Co.
.36%
500,000.00
Total Issued 1954
$2.750,000.00
TEMPORARY LOANS, 1954
(In Anticipation of Long Term Loans)
Aug. 6, 1954
Nov. 30, 1954
National Shawmut Bank
.40%
$ 300.000.00
Sept. 17, 1954
Nov. 30, 1954
National Shawmut Bank
.40%
85,000.00
Dec. 3. 1954
Feb. 28, 1955
National Shawmut Bank ($385,000.)
renewal .40%
485,000.00
Oct. 29, 1954
Dec. 24, 1954
First National Bank
.75%
60,000.00
Dec. 23, 1954
Mar. 24, 1955
First National Bank (renewal) .75%
60.000.00
Total Paid 1954 Unpaid as of December 31, 1954
$990.000.00 $545,000.00
- City of Quincy
-
60
CITY OF QUINCY, MASSACHUSETTS ACTUAL RECEIPTS - 1954
Income Tax
$ 425.082.50
State Education
214,100.00
Corporation Tax
602,548.40
Meal Tax
32,675.53
Motor Vehicles
598,513.66
Licenses
95.417.58
Fines
3.417.89
Special Assessments
50,561.52
General Government
16,639.80
Protection of Persons and Property
21.278.49
Health and Sanitation
68.499.89
Highways
4,759.95
Welfare
105,574.70
Old Age
503,000.59
Disability Assistance
51,174.40
Veterans' Benefits
116.437.97
Schools
33,828.47
State Edneation -- Vocational
59,146.30
Reimbursement Construction School Project
37,822.91
Libraries
7,197.99
Recreation
2,541.50
Cemeteries
30,404.66
Interest on Taxes and Assessments
17,800.00
Interest on Bonds
6.652.12
Hospital
1,669,720.46
Quincy Electric Light -- Trimming Trees
5,674.06
Westacres Surplus
14,114.81
Quincy Housing Authority - In Lieu of Taxes
21.554.93
Quincy Housing Authority - Reimbursement (Sewer) ( Water $24,102.82 credited to Water Reserve)
37,724.38
Chapter No. 90 - Street Construction
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