Report of the city of Somerville 1960, Part 2

Author: Somerville (Mass.)
Publication date: 1960
Publisher:
Number of Pages: 356


USA > Massachusetts > Middlesex County > Somerville > Report of the city of Somerville 1960 > Part 2


Note: The text from this book was generated using artificial intelligence so there may be some errors. The full pages can be found on Archive.org (link on the Part 1 page).


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351.71


351.71


106,539.64


106,891.35


Parking Meters


P.S


2,789.47


2,789.47


18,998.83


21,788.30


.. O.M.


703.16


703.16


1,835.80


2,538.96


. .


...


..


..


.00


2,400.00


2,400.00


. .


..


.


ANNUAL REPORTS


22


...


Encumbrances


STATEMENT OF APPROPRIATIONS 1960 (REVENUE) - Continued


Unencumbered Unliquidated Balances Encumbrances


Unexpended Balances


Total Expenditures


Total Appropriations


WELFARE


Welfare Miscellaneous


P.S.


125.44


125.44


46,824.56


46,950.00


O.M.


13,188.33


1,000.00


14,188.33


216,491.67


230,680.00


Disability Assistance


P.S.


17,002.76


17,002.76


O.M.


5,524.74


1,000.00


6,524.74


194,310.26


200,835.00


E.Q.


15


.15


455.00


455.15


Federal Grant Dis. Assistance P.S.


9,029.13


9,029.13


8,928.34


17,957.47


O.M.


.00


95,326.00


95,326.00


P.S.


.00


32,281.02


32,281.02


O.M.


7,016.73


1,000.00


8,016.73


384,294.12


392,310.85


E.Q.


.00


246.60


246.60


Federal Grant Aid Dep. Children P.S.


6,280.79


6,280.79


17,048.41


23,329.20


O.M.


.00


311,540.00


311,540.00


P.S.


.00


80,478.46


80,478.46


O.M.


47,541.52


5,000.00


52,541.52


1,150,858.48


1,203,400.00


E.Q.


8.35


8.35


2,909.25


2,917.60


Fed. Grant Old Age Assistance P.S.


28,096.99


28,096.99


43,397.61


71,494.60


O.M.


.00


923,688.35


923,688.35


VETERANS' AID AND PENSIONS


Veterans' Services


P.S.


441.94


441.94 10,897.06


44,312.46


44,754.40


O.M.


97.06


10,800.00


141,152.94


152,050.00


Graves Registration P.S.


.00


750.00


750.00


O.M.


2.55


...


... ......


2.55


787.45


790.00


23


CITY AUDITOR


Old Age Assistance


Aid Dependent Children


00


STATEMENT OF APPROPRIATIONS 1960 (REVENUE) - Continued


Unencumbered Unliquidated Balances


Encumbrances


Unexpended Balances


Total Expenditures


Total Appropriations


EDUCATION


Fire Damage High School O.M.


6.68


6.68


6.68


School Contingent


P.S.


1,149.16


1,149.16


116,820.84


117,970.00


O.M.


5,712.30


18,139.65


23,851.95


189,655.80


213,507.75


Outside Tuition


O.M.


.63


2,875.00


2,875.63


11,779.13


14,654.76


School Teachers' Salaries P.S.


62,473.53


62,473.53


3,602,011.50


3,664,485.03


Hot Lunch Project O.M.


.21


21


19,999.79


20,000.00


High School Athletics O.M.


2.46


2.46


9,997.54


10,000.00


Central & Branch Libraries


P.S.


5,656.35


5,656.35


201,200.79


206,857.14


O.M.


100.00


306.55


406.55


32,293.45


32,700.00


E.Q.


328.40


328.40


171.60


500.00


RECREATION


Recreation Commission


P.S.


4.00


4.00


94,920.20


94,924.20


O.M.


.17


.17


11,999.83


12,000.00


E.Q.


1.45


1.45


298.55


300.00


Celebrations & Conventions O.M.


.00


5,103.58


5,103.58


UNCLASSIFIED


Memorial Day


O.M.


.00


5,207.04


5,207.04


Municipal Documents


O.M.


88.00


88.00


7,212.00


7,300.00


Quarters for Vets. Organizations ...... O.M.


520.00


520.00


3,012.00


3,532.00


24


ANNUAL REPORTS


.


STATEMENT OF APPROPRIATIONS 1960 (REVENUE) - Continued


Unencumbered Unliquidated Balances


Unexpended Balances


Total Expenditures 86,685.86


Total Appropriations 88,773.78


Damage Persons & Property O.M.


City Employees Grp. Insurance ..


O.M.


7,365.50


7,365.50


7,679.00


15,044.50


Department Public Works P.S.


622.93


622.93


33,538.95


34,161.88


O.M.


146.57


66.72


213.29


56,846.71


57,060.00


. L.


22.51


22.51


4,477.49


4,500.00


S.I.


69,345.09


69,345.09


46,319.02


115,664.11


E.Q.


45.00


45.00


1,860.00


1,905.00


P.W.D. Engineering Dept.


P.S.


408.73


408.73


33,615.03


34,023.76


O.M.


3.59


30.00


33.59


11,778.00


11,811.59


P.W.D. Electrical Dept.


P.S.


493.10


493.10


11,857.18


12,350.28


O.M.


482.10


482.10


3,567.90


4,050.00


P.W.D. Supp. Moths-Care of Trees O.M.


112.70


112.70


18,733.51


18,846.21


112.46


112.46


16,234.66


16,347.12


P.W.D. Incinerator


P.S.


1,031.30


1,031.30


7,796.64


8,827.94


O.M.


15.88


15.88


14,484.12


14,500.00


384.41


384.41


37,335.65


37,720.06


P.W.D. Sanitary Department


P.S.


.00


4,691.18


4,691.18


O.M.


113.12


113.12


108,896.88


109,010.00


L.


64.92


64.92


401,861.18


401,926.10


E.Q.


33.50


33.50


211.50


245.00


P.W.D. Sewers Maintenance


O.M.


12.67


12.67


12,450.33


12,463.00


. L.


12.02


12.02


87,362.75


87,374.77


P.W.D. Street Cleaning O.M.


613.60


613.60


9,572.06


10,185.66


154.36


154.36


54,672.26


54,826.62


25


CITY AUDITOR


. L.


. L.


.


.


.


.. . ...


.


..


Encumbrances


2,087.92


2,087.92


STATEMENT OF APPROPRIATIONS 1960 (REVENUE) - Continued


Unencumbered Balances


Unliquidated Encumbrances


Unexpended Balances


Total Expenditures


Total Appropriations


P.W.D. Highway Sidewalk Maint. .... P.S. O.M. . L.


.67 1,239.11


71.07


1,310.18


45,797.95


128.16


128.16


149,157.60


13,732.66 47,108.13 149,285.76


P.W.D. Street & Traffic Lights O.M.


S.I.


3.60


3.60


1,796.40


1,800.00


P.W.D. Buildings & Grounds P.S.


13.47


13.47


317,358.94


317,372.41


O.M.


11.92


1,306.81


1,318.73


386,925.61


388,244.34


47.46


47.46


101,500.74


101,548.20


P.W.D. Parks & Playgrounds O.M.


33


23,380.67


23,381.00


147.59


147.59


100,054.89


100,202.48


P.W.D. Maint. Municipal Bldgs. P.S.


8.19


8.19


117,152.88


117,161.07


O.M.


1,227.16


1,227.16


108,097.21


109,324.37


L.


2.02


2.02


58,001.24


58,003.26


P.W.D. Water Maint. & Extension .. ..


P.S.


856.38


856.38


68,952.99


69,809.37


O.M.


2.81


50.00


52.81


76,903.19


76,956.00


L.


18.92


18.92


140,360.98


140,379.90


S.I.


.00


330.00


330.00


E.Q.


1,222.00


1,222.00


5,578.00


6,800.00


COMPENSATION & PENSIONS


Workingmen's Compensation O.M.


3.44


3.44


52,243.51


52,246.95


Pensions O.M.


10,948.77


3,039.28


13,988.05


523,249.51


537,237.56


Retirement System Expense Fund .... P.S. O.M.


.00


1,300.00


1,300.00


Pension Accumulation Fund O.M.


.00


157,697.50


157,697.50


Annuities


O.M.


1,233.72


1,233.72


47,148.28


48,382.00


.. L.


L.


..


.00


12,298.43


12,298.43


ANNUAL REPORTS


26


.67


13,731.99


137,439.79


145,250.00


7,810.21


7,810.21


STATEMENT OF APPROPRIATIONS 1960 (REVENUE) - Continued


Unencumbered Unliquidated Balances


Encumbrances


Unexpended Balances


Total Expenditures


Total Appropriations


MUNICIPAL INDEBTEDNESS


Interest


O.M.


1,559.03


1,559.03


200,014.27


201,573.30


Reduction Funded Debt O.M.


11.50


11.50


582,000.00


582,011.50


Total Revenue Appropriations


$259,053.60


$139,238.84


$398,292.44


$15,572,769.28


$15,971,061.72


GRANTS AND GIFTS


Smith-Hughes Fund


.00


2,409.00


2,409.00


George Barden Fund


2,588.63


2,588.63


4,891.37


7,480.00


Totals


2,588.63


00


2,588.63


7,300.37


9,889.00


TRUST FUNDS


Contagious Hospital Charles M. Berry Fund


10.00


10.00


10.00


Schools


S. Newton Cutler Fund


290.26


19.96


310.22


281.42


591.64


J. Frank Wellington Fund


111.93


111.93


50.00


161.93


Caroline G. Baker Fund


29.97


29.97


24.41


54.38


Kathinka Fessman Fund


121.00


121.00


121.00


Sarah Winslow Fox Fund


62.55


62.55


14.00


76.55


A. A. Smith Fund


213.66


213.66


213.66


Library


Arthur A. Smith Fund


31.99


425.00


456.99


792.73


1,249.72


S. Newton Cutler Fund


54.60


54.60


54.60


27


CITY AUDITOR


........


..


STATEMENT OF APPROPRIATIONS 1960 (REVENUE) - Continued


Unencumbered Unliquidated Balances


Encumbrances


Unexpended Balances


Total Expenditures


Total Appropriations


Hunt Art Fund


47.75


47.75


44.33


92.08


Hunt Book Fund


191.00


191.00


684.98


875.98


Pitman Art Fund


180.17


180.17


83.37


263.54


Pitman Poetry Fund


203.92


203.92


36.49


240.41


Wilder Children's Fund


61.90


61.90


61.90


Buffum Memorial Book Fund


55.92


55.92


74.87


130.79


Sarah Lorane Graves Fund ....


51.51


51.51


56.11


107.62


Eunice M. Gilmore Fund


57.02


57.02


82.75


139.77


J. Frank Wellington Fund


238.59


238.59


118.89


357.48


Thomas J. Buffum Fund


31.35


31.35


45.79


77.14


Edward C. Booth Fund


32.91


32.91


161.71


194.62


Recreation


Mary A. Haley Fund


70.68


70.68


118.81


189.49


Totals


$2,148.68


$444.96


$2,593.64


$2,670.66


$5,264.30


.


.


.


. .


...


.


......


28


ANNUAL REPORTS


.


. .


..


..


STATEMENT OF APPROPRIATIONS 1960 (REVENUE) - Continued


OTHER ACCOUNTS


Unexpended Balences $2,020.85


Total Expenditures $12,557.90


Total Appropriations $14,578.75 11,627.00


Group Insurance Dividend


2,660.50


8,966.50


Insurance Deductions


800.03


1,006.10


1,806.13


Teachers' Retirement Deductions


175,248.86


175,248.86


Blue Cross Deductions


30,229.71


165,005.77


195,235.48


Hot Lunch Receipts


5,986.20


187,369.55


193,355.75


Athletic Receipts


544.24


17,930.02


18,474.26


School Deposits, Tuition and Registration


2,517.25


4,397.00


6,914.25


School Deposits, Books


1,157.35


2,460.35


3,617.70


School, Forfeited Fees


.03


794.95


794.98


City Clerk's Deposits


742.25


3,998.50


4,740.75


Highway Deposits


2,819.70


2,819.70


Savings Bond Deductions


6,504.00


17,141.87


23,645.87


Federal Tax Withholding


109,167.89


1,029,522.43


1,138,690.32


State Tax Withholding


24,879.65


63,220.50


88,100.15


County Assessment, T.B. Hospital, 1960


176,182.12


176,182.12


School Grants P.L. 864


1,676.63


8,101.02


9,777.65


School Grants P.L. 874


26,808.35


8,500.19


35,308.54


Sale of Real Estate


12,795.58


3,000.00


15,795.58


Health - Bottling Licenses


80.00


80.00


County - Dog Licenses


47.00


4,070.00


4,117.00


Tailings


7,480.23


.50


7,480.73


Temporary Loans


5,200,000.00


5,200,000.00


State Taxes and Assessments


8,739.71 *


1,715,992.56


1,707,252.85


County Tax 1960


32,623.60


500,907.10


468,283.50


REFUNDS


Taxes, Real Estate


401,342.84


401,342.84


Taxes, Poll


130.00


130.00


Taxes, Personal


256.15


256.15


Motor Vehicle Excise


21,035.30


21,035.30


Water Rates


865.01


865.01


Estimated Receipts


189.00


189.00


Totals


$194,654.43


$9,733,091.79


$9,927,746.22


.


.


·


.


. . . .


·


·


·


·


·


·


.


.


·


-


.


.


.


.


....


.


.


.


......


....


..


.


..


..


..


. .


.. . ..... .


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.


·


.


.


·


.


.


.


CITY AUDITOR


29


.


.


.


.


.


.


.


.


*


Group Insurance Deductions


30


STATEMENT OF APPROPRIATIONS 1960 (NON-REVENUE)


Unencumbered Unliquidated Balances


Encumbrances


Unexpended Balances


Total Expenditures


Total Appropriations


General Government


P.W.D. Building ..


$1.42


$1.42


$1.42


Somerville Municipal Garage Loan ..


1.04


1.04


1.04


Sanitary


New Incinerator


73,714.69


73,714.69


50,000.00


123,714.69


Sewers Construction


14.11


14.11


14.11


Highways


Chapter 90-Highways


24,681.35


24,681.35


123,913.23


148,594.58


Chapter 44-Macadam Pavement Loan


110.76


110.76


110.76


Permanent Pavement Loan


345.54


345.54


345.54


Sidewalk Loan


192.43


192.43


192.43


Chapter 718-Highway Construction ..


5.18


5.18


5.18


Municipal Off-Street Parking


48,136.25


37,825.00


85,961.25


7,650.00


93,611.25


Education


Vocational School Equipment


98.99


98.99


98.99


Elementary School


1.42


1.42


1.42


Elementary School 1955


1.90


1.90


1.90


Water


Chapter 44-Water Mains


144.19


144.19


144.19


Water Meter Bonds


29.69


29.69


29.69


Totals


$73,418.73


$111,885.23


$185,303.96


$181,563.23


$366,867.19


ANNUAL REPORTS


31


CITY AUDITOR


DETAIL OF ESTIMATED RECEIPTS RECEIVED IN 1960


Excise:


Motor Vehicle Excise:


1960


$641,465.83


1959


214,633.07


1958


8,873.90


1957


1,309.06


1956


467.09


1955


83.40


1954


67.86


$866,900.21


From State:


Corporation Tax


$639,957.36


School Aid


492,961.13


Meal Tax


60,393.03


Income Tax


552,913.45


Lieu of Taxes


113.37


$1,746,338.34


Licenses and Permits:


Liquor


$96,350.00


Executive


1,696.00


Builders License


1,454.00


Gas-Fitters License


73.00


Building Permits


1,973.25


Plumbing


1,439.25


Gas Permits


1,239.00


Elevators


1,513.00


Fire Department


3,739.75


Police Department


553.00


Electrical Department


1,537.00


Licensing


2,039.00


City Clerk Miscellaneous


9,105.03


Pedlers Licenses


116.00


Damage to Parking Meters


61.00


Milk


639.50


Health - Bottling


40.00


Health Department


30.00


Marriage


2,155.44


$125,758.22


Fines and Forfeits:


Court


$20,683.20


Grants and Gifts:


County - Dog Licenses


$2,590.93


Employees Comp. on State Tax


757.04


Electrolysis


500.00


C. of M. Reimb. School Construction


21,375.57


C. of M. Paraplegic Veterans


2,620.31


C. of M. Americanization


4,861.00


School Grant P.L. 874


55,000.00


32


ANNUAL REPORTS


C. of M. Vocational Education


94,302.29


C. of M. Youth Service Board


4,500.00


Som. Housing, Lieu of Taxes


24,440.62


$210,947.76


General Government:


Auditor, Witness Fees


$3.50


Treasurer-Costs and Fees


12,897.84


Witness Fees Insurance on Burglary


150.00


City Clerk


9,082.87


Board of Appeal


220.00


Election Commission


80.42


Commission on phone P.W.D.


742.49


$23,180.62


Protection Persons and Property:


Police Dept .: Bureau of Records


$439.00


Revolver


66.00


Damage to Cruiser


130.00


Bicycle registration


104.00


Fire Dept .: Settlement Claims


191.40


Electrical: Settlement Claims


370.00


Weights and Measures


1,422.40


$2,722.80


Health and Sanitation:


Health Department


$9,445.52


Inspection Milk


279.50


Dental Clinic


293.11


Sanitary Department


21,006.90


Sanitary: Damage to Trucks


294.00


$31,319.03


Highways:


Settlement of Claims


$216.13


Highway Department


2,819.70


Highway - Paving


241.10


$3,276.93


Welfare:


Cities and Towns


$31,003.58


State


39,370.72


$70,374.30


Aid Dependent Children:


State


$213,763.53


Old Age Assistance:


Cities and Towns


$157,281.41


State


653,057.14


Reimbursements


30,581.08


$840,919.63


3.50


33


CITY AUDITOR


Disability Assistance:


State


$120,042.17


Reimbursements


1,962.71


$122,004.88


Veterans' Services:


Services


$51,295.40


School Department:


Reimbursement-Telephone calls


$22.85


School Teachers Military Service Credit


1,992.14


Witness Fees


3.50


Newsboys Badges


8.00


Tuition State Wards


7,667.50


Other Tuition


9,830.39


Sale Books and Supplies


71.61


Vocational Productivity


262.38


School Deposits, Tuition & Registration


3,555.00


$23,413.37


Recreation:


Showers


$234.79


Library:


Fines, Rentals, Sales


$7,012.11


Unclassified:


Reimbursement on Pensions


$369.73


Public Works Dept. Receipts


2,665.45


$3,035.18


Water:


Metered Rates 1960


$365,785.08


Commercial Rates 1960


169,234.37


Water Liens


40,070.38


Sale Junk


75.00


Service Assessments


283.50


Metered 1959


63,512.33


Commercial 1959


22,833.79


Water Maintenance


1,229.44


$663,023.89


Interest:


Taxes


$20,672.33


Excise


4,629.49


Tax Titles


4,657.53


$29,959.35


Total Estimated Receipts


$5,056,163.54


34


ANNUAL REPORTS


STATEMENT OF REVENUE AND EXPENSES


Assessed in Taxes 1960 :-


Real Estate


Personal


Poll


$11,435,973.23 754,503.20 57,674.00


$12,248,150.43


Estimated Receipts


$4,900,169.82


Overestimates State Assess. 1959


42,597.67


$4,942,767.49


Excess Receipts 1960


133,807.47


Balance Revenue Appropriations


136,963.24


$17,461,688.63


Expenses


Revenue Appropriations


$14,295,489.26


State Taxes and Assess. 1960


1,707,252.85


State Assess. Underestimate


13,012.77


County Tax 1960


468,283.50


County Tax Underestimate


10,666.39


County Assess. T.B. Hospital


176,182.12


County Assess. Underestimate


5,356.12


Overlay 1951


1,986.00


Overlay 1952


27.80


Overlay 1953


18.12


Overlay 1954


1,668.48


Overlay 1955


3,172.64


Overlay 1956


8,777.02


Overlay 1957


49,238.56


Overlay 1958


50,243.36


Overlay 1960


398,638.93


Excess and Deficiency


$17,190,013.92 271,674.71


$17,461,688.63


INTEREST REQUIREMENTS OF PRESENT CITY DEBT TO MATURITY


Public Works Loan (Bldgs.)


Elementary Schools Incinerator


P. W. A. Sewer


Municipal Garage


Stadium


Municipal Garage


Elementary School $5,800.00


Chapter 44 Sewer $885.00


Sanitary Dept. Equip. $1,012.50


Veterans Housing $218.75


Municapl Off- St. Parking $4,320.00


Funding Loans


Street Con- struction $3,380.00


Incinerator Bonds $7,480.00


Municipal Relief $3,200.00


Water Meters


Total


1961


$250.00


$16,060.00 $32,860.00


$150.00


$1,500.00


$2,565.00


$7,400.00


5,400.00


755.00


337.50


3,600.00


13,365.00


2,860.00


6,970.00


1,595.00


92,138.75


1963


125.00


13,420.00


29,140.00


1,260.00


2,025.00


6,000.00


5,000.00


625.00


2,880.00


10,935.00


2,340.00


6,460.00


1,265,00


81,593.75


1964


62.50


12,100.00


27,280.00


1,140.00


1,755.00


5,400.00


4,600.00


522.50


2,160.00


8,505.00


1,820.00


5,950.00


990.00


73,322,50


1965


10,890.00


25,420.00


1,020.00


1,485.00


4,800.00


4,200.00


420.00


1,440.00


6,075.00


1,300,00


5,440.00


770.00


63,260.00


1966


9,680.00


23,560.00


900.00


1,215.00


4,200.00


3,800.00


317.50


720.00


3,645.00


520.00


4,930.00


550.00


54,037.50


1967


8,470.00


21,700.00


780.00


945.00


3,600.00


3,400.00


215.00


1,215.00


260.00


4,420.00


330.00


45,335.00


1968


7,260.00


19,840.00


660.00


810.00


3,000.00


3,000.00


112.50


1969


6,050.00


17,980.00


540.00


675.00


2,400.00


2,600.00


37.50


1970


4,840.00


16,197.50


420.00


540.00


1,800.00


2,200.00


3,060.00


29,057.50


1971


3,630.00


14,492.50


300.00


405.00


1,200.00


1,800,00


2,720.00


24,547.50


1972


2,420.00


12,787.50


180.00


270.00


1,400.00


1973


1,210.00


11,082.50


60.00


135.00


1,000.00


600.00


200.00


$3,890.00


$1,350.00


$393.75


$1,350.00


$15,120.00


$59,535.00


$12,480.00


$1,040.00


$64,260.00


$3,200.00


$7,535.00


$713,313.75


Public Works 11/4% (Bldg.)


Elementary Schools 2.26


Incinerator Loan 3.10%


Sanitary Dept. Equipment 2.7% $25,000.00 25,000.00


Municipal Garage 2.4% $35,000.00


Sidewalk Construction 2.6% $20,000.00 20,000.00


Municipal Garage 2.4% $5,000.00


P.W.A. Sewers 33/4% $1,000.00 1,000.00


$20,000.00


$10,000.00


Chapter 44 Sewers 21/2% $3,000.00 3,000.00


Street Construc- tion 2.6% $20,000.00 20,000,00


Chapter 44 Sewers 23/4% $2,000.00 2,000.00


Veterans Housing 134% $5,000.00 5,000.00 5,000.00


Veterans Housing 11/2% $30,000.00 30,000.00


Municipal Off- Street Parking $30,000.00 30,000.00


Funding Loan 2.7% $90,000.00 90,000.00 90,000.00 90,000.00 90,000.00 90,000.00 90,000.00


Municipal Relief 2.2% $80,000.00 80,000.00


Water Meters 2,2% $15,000.00 15,000.00


Total:


1961


$5,000.00


$60,000.00


$60,000.00


60,000.00


60,000.00


35,000.00


5,000.00


20,000.00


10,000.00


20,000.00


1,000.00


30,000.00


15,000.00


15,000.00


370,000.00


1964


55,000.00


60,000.00


30,000.00


5,000.00


1,000.00


20,000.00


10,000.00


20,000.00


1,000.00


30,000.00


15,000.00


10,000.00


355,000.00


1965


55,000.00


60,000.00


30,000.00


5,000.00


20,000.00


10,000.00


20,000.00


1,000.00


30,000.00


15,000.00


10,000.00


349,000.00


1966


55,000.00


60,000.00


30,000.00


5,000.00


20,000.00


10,000.00


20,000.00


1,000.00


30,000.00


15,000.00


10,000.00


349,000.00


1967


55,000.00


60,000.00


30,000.00


5,000.00


20,000.00


5,000.00


20,000.00


1,000.00


15,000.00


10,000.00


314,000.00


1968


55,000.00


60,000.00


30,000.00


5,000.00


20,000.00


5,000.00


3,000.00


1969


55,000.00


60,000.00


30,000.00


5,000.00


20,000.00


5,000.00


3,000.00


1970


55,000.00


55,000.00


30,000.00


5,000.00


20,000.00


5,000.00


1971


55,000.00


55,000.00


30.000.00


5,000.00


20,000.00


5,000.00


1972


55,000.00


55,000.00


30,000.00


5,000.00


20,000.00


5,000.00


1973


55,000.00


55,000.00


5,000.00


20,000.00


5,000.00


20,000.00


20,000.00


1976


55,000.00


1977


55,000.00


10,000.00


65,000.00


1978


55,000.00


1979


55,000.00


$50,000.00


$370,000.00


$40,000.00


$65,000.00


$4,000.00


$300,000.00


$95,000.00


$27,000.00


$140,000.00


$9,000.00


$15,000.00


$60,000.00


$180,000.00


$630,000.00


$220,000.00


$160,000.00


$95,000.00 $4,300,000.00


1962


187.50


31,000.00


112.50


1,380.00


2,295.00


6,700.00


131.25


Veterans Housing $900.00 450.00


$15,795,00


Sidewalk Construction $780.00 260.00


$1,925.00


$106,481.25


14,740.00


75.00


43.75


37.50


2,557.50


340.00


2,897.50


1979


$625.00


$110,770.00


$314,030.00


$375.00


$10,140.00


$15,120.00


$47,100.00


$45,000.00


Elementary Schools 2%


Stadium 2.7%


1962


5,000.00


1963


5,000.00


60,000.00


60,000.00


30,000.00


5,000.00


1,000.00


20,000.00


10,000.00


3,000.00


3,000.00


3,000.00


3,000.00


15,000.00


10,000.00


203,000.00


10,000.00


10,000.00


10,000.00


10,000.00


10,000.00


150,000.00


1974


55,000.00


10,000.00


85,000.00


1975


55,000.00


10,000.00


10,000.00


10,000.00


65,000.00


55,000.00


1975


7,672.50


1,360.00


9,232.50


1976


5,967.50


1,020.00


6,987.50


1977


4,262.50


680.00


4,942.50


1978


852.50


600.00


2,380.00


2,040.00


15,527.50


1974


9,377.50


1,700.00


11,677.50


3,910.00


110.00


38,702.50


3,400.00


33,682.50


852.50


FUNDED DEBT DECEMBER 31, 1960


Incinerator 3.4%


$15,000.00 15,000.00


$531,000.00


531,000.00


188,000.00


180,000.00


180,000.00


180,000.00


85,000.00


65,000.00


$20,000.00 $730,000.00 $1,090,000.00


5,000.00


3,000.00


20,037.50


TEMPORARY LOANS - 1960


Number


Issued


Due


Rate


Amount


National Shawmut Bank


2642 to 2661


Jan. 11, 1960


Oct. 14, 1960


2.59


$750,000.00


National Shawmut Bank


2662 to 2681


Jan. 27, 1960


Nov. 4, 1960


2.74


750,000.00


National Shawmut Bank


2682 to 2696


Feb. 23, 1960


Oct. 4, 1960


2.60 Plus $2.


500,000.00


National Shawmut Bank


2697 to 2712


Mar. 7, 1960


Nov. 14, 1960


2.50


600,000.00


2.20


National Shawmut Bank


2713 to 2742


Apr. 1, 1960


Oct. 31, 1960


2.217


1,000,000.00


National Shawmut Bank


2743 to 2754


Apr. 25, 1960


Oct. 10, 1960


2.20 P! is $3.


400,000.00


National Shawmut Bank


2755 to 2774


May 13, 1960


Nov. 23, 1960


2.02 Plus $2.


700,000.00


National Shawmut Bank


2775 to 2790


June 22, 1960


Nov. 30, 1960


1.57


500,000.00


Total Loans in Anticipation of Revenue


$5,200,000.00


CITY AUDITOR


35


36


ANNUAL REPORTS


FUNDED DEBT


The Funded Debt of the City, January 1, 1960 was $4,722,000.00. One loan was issued: Municipal Relief Loan $160,000.00. Maturities paid during the year amounted to $582,000.00. The Total Funded Debt December 31, 1960 was $4,300,000.00.


CLASSIFIED DEBT, JANUARY 1, 1960


Chapter 44 - Sewer Loan


$41,000.00


Municipal Relief Loan


125,000.00


Municipal Garage Loan


475,000.00


Elementary School Loan


1,115,000.00


Public Works Bldg. Loan


26,000.00


Municipal Off-Street Parking


210,000.00


Sanitary Dept. Equipment


75,000.00


Macadam Pavement Loan


160,000.00


Sidewalk Construction Loan


60,000.00


Incinerator Loan


1,385,000.00


Total Within Limit


$3,672,000.00


P.W.A. Sewer Loan


$5,000.00


Veterans' Housing Loan


110,000.00


Stadium Loan


105,000.00


Funding Loan


720,000.00


Water Meters Loan


110,000.00


Total Outside Limit


$1,050,000.00


Total Funded Debt January 1, 1960


$4,722,000.00


LOANS INCREASING THE DEBT


Municipal Relief Loan


$160,000.00


$160,000.00


INTEREST REQUIREMENTS ON FUNDED DEBT 1961


Class of Loan Elementary School


January $3,000.00


February


March


April


May


June $8,030.00


July


August


September


October November


December $8,030.00


$21,860.00 1,012.50 250.00


P. W. Building


125.00


Veterans' Housing


75.00


P. W. A. Sewers


3,380.00


Street Construction


4,320.00


Munic. Off-St. Parking


780.00


Macadam Pave. & Sidewalks


$15,965.00


$3,740.00


40,340.00


Incinerator


4,480.00


300.00


123.75


885.00


Chapter 44 Sewers


8,505.00


7,290.00


15,795.00


Funding Loan


1,282.50


1,282.50


2,565.00


Stadium


880.00


1,925.00


Water Meters


$1,600.00


3,200.00


Municipal Relief


$4,793.75


$4,500.00


$16,895.00


$19,176.25


$1,600.00


$8,030.00


$4,175.00


$3,980.00


$15,965.00


$17,736.25 $1,600.00


$8,030.00


$106,481.25


Class of Loan


January $20,000.00


February


March


April


July


August


October


November


December $60,000.00


$80,000.00


Elementary School


25,000.00


$2,000.00


5,000.00


Chapter 44 Sewer


3,000.00 5,000.00


$30,000.00


35,000.00


Veterans' Housing


20,000.00


Street Construction


20,000.00


Macadam Pave. & Sidewalk


15,000.00


75,000.00


Incinerator


90,000.00


Funding


40,000.00


Municipal Garage


15,000.00


Water Meters


5,000.00


Public Works 8ldg.


1,000.00


P. W. A. Sewers


$30,000.00


10,000.00


$80,000.00


80,000.00


Municipal Relief


$53,000.00


$40,000.00


$60,000.00


$110,000.00


$36,000.00


$30,000.00


$62,000.00


$80,000.00


$60,000.00


$531,000.00


Totals


$2,800.00 337.50


Sanitary Dept. Equipment


675.00


125.00


537.50


1,118.75


75.00


$1,820.00 2,160.00 520.00


$16,895.00


$3,740.00


4,420.00


8,900.00


Municipal Garage


337.50


123.75


1,045.00


$1,600.00


$1,560.00 2,160.00 260.00


150.00


581.25


30,000.00


Munic. Off-St. Parking


10,000.00


Stadium


$20,000.00 20,000.00


$60,000.00


$90,000.00 5,000.00 15,000.00


5,000.00 1,000.00


35,000.00


25,000.00


Sanitary Dept. Equipment


MATURITIES ON FUNDED DEBT 1961


Totals


37


CITY AUDITOR


MATURITIES REDUCING THE DEBT


Chapter 44 - Sewer


$5,000.00


Municipal Garage


40,000.00


Municipal Relief


125,000.00


Elementary School


85,000.00


Public Works Bldg.


6,000.00


Municipal Off-Street Parking


30,000.00


Sanitary Dept. Equipment


25,000.00


Macadam Pavement


20,000.00


Street Construction


20,000.00


Incinerator


75,000.00


Total Within Limit


$431,000.00


P. W. A. Sewer


$1,000.00


Veterans' Housing


35,000.00


Water Meters


15,000.00


Stadium


10,000.00


Funding Loan


90,000.00


Total Outside Limit


$151,000.00


Total Funded Debt, December 31, 1960


$4,300,000.00


38


ANNUAL REPORTS TAXES


The Total Taxable Property as of January 1, 1960 was $133,521,100.00. The Tax Rate was fixed at $91.30 per $1,000.00 valuation.


City Appropriations


$14,295,489.26


City Appropriations from Available Funds 323,086.50


Overlays:


1951


1,986.00


1952


27.80


1953


18.12


1954


1,668.48


1955


3,172.64


1956


8,777.02


1957


49,238.56


1958


50,243.36


1960


398,638.93


State Examination of Retirement System


497.90


State Audit of Municipal Accounts


14,525.36


Smoke Inspection Service


1,736.83


Metropolitan Parks


157,788.20


Metropolitan Sewerage


288,812.63


Metropolitan Water


274,751.28 922.58


Met. Transit Authority Def.


921,864.35


Met. Transit Authority Prin. Payment


46,353.72 3.98


Met. Transit Authority Underestimate, 1959


13,008.79


County Tax 1960


468,283.50


County Assessments, T.B. Hospital


176,182.12


County Tax 1959 Underestimate


10,666.39


County Assess. T.B. Hospital Underestimate


5,356.12


Gross Amount to be Raised


$17,513,100.42


Less:


Estimated Receipts


$4,900,169.82


Overestimates, Met. Parks


12,895.33


Overestimates, Met. Sew. North


29,702.34


Available Funds


323,086.50


Total Deductions


$5,265,853.99


Amount to be Raised by Taxation


$12,247,246.43


Som. Bldg. Code Chap. 143-Sec. 8 & 9 Water Liens added to Taxes 1960


1,980.00


45,745.02


Number of Polls 28,385 @ $2.00


56,770.00


Personal Property


754,503.20


Real Estate


11,435,973.23


Boston Met. Dist. Expenses


Smoke Inspection Service Underestimate, 1959


MATURITIES ON FUNDED DEBT (SIX YEARS)


Class of Loan


1956


1957


1958


1959


1960


1961


Total


Chapter 44-Sewer ....


$10,000.00


$10,000.00


$5,000.00


$5,000.00


$5,000.00


$5,000.00


$40,000.00


Public Works Equip. ...


19,000.00


19,000.00


19,000.00


19,000.00


76,000.00


Public Works Bldg. ....


11,000.00


11,000.00


11,000.00


6,000.00


6,000.00


5,000.00


50,000.00


Sanitary Dept. Equip. ..


25,000.00


25,000.00


25,000.00


25,000.00


100,000.00


Municipal Relief




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