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