USA > Massachusetts > Middlesex County > Lincoln > Town Report on Lincoln 1960-1962 > Part 47
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In accordance with the By-Laws, the hearing on the Elementar School Budget was held in conjunction with the School Committee on February 7. Approximately twenty people attended this meet- ing. A hearing on the remainder of the Budget will be held on Monday, March 4th, at 8 P. M. at the Town Hall. The Committee hopes there will be a large attendance at this meeting.
In 1962 the Finance Committee in cooperation with the vari- ous department heads in the Town again functioned as a wage board in an attempt to coordinate the wage policies of the different de partments. We believe this project has been reasonably success- ful and expect to continue this function in the future. Our policy in making the 1963 Budget was based on an approximate 5% increase in individual salaries and wages. The foregoing does not apply to teachers in either the Elementary Schools or the Regional High School as, in these two cases, the respective schoo boards function as wage committees.
The various departments returned to the Treasury a total of $21, 736. of unexpended appropriations. The following is a list of all that exceeded $1,000.00.
Communications, Wages $ 1,491.82
Schools, General 1,331.16
Operation
4,160.73
Employee Insurance
8
Hospital Fund
1,789.27
Property Insurance 1,291.48
The Finance Committee allocated a total of $9,545.80 out of the $10,000 appropriated for emergencies and unforeseen require- ments. The list follows :
2
Transfers from Reserve
Interest on Tax Notes
$ 145.03
Veterans' Benefits
397.10
Planning Board 1,355.00
Highway Equipment
1,000.00
Election Officers
165.00
Charities
1,700.00
Fire Dept., Salaries & Wages
2,366.34
Memorial Day 28.50
Police Dept., Salaries & Wages
1,269.37
Board of Health Expense
100.00
Town Hall, Maintenance & Expense
233.39
Fire & Police Bldg., Maintenance & Expense 35.46
Communications, Expense
231.16
Highways, Snow & Ice
519.45
$9,545.80
The Commonwealth has certified "Free Cash" as of January 1, 1963, to be $131,297.69. This compares with $171,213.25 last year.
If the 1963 assessed valuation of the Town turns out to be $9,350,000, which would be $250,000 greater than last year, every $9,350 which the Town Meeting appropriates will be reflected to the extent of one dollar in the ultimate tax rate.
The Finance Committee is again sponsoring an article in the Warrant for $10,000 for appropriation to the Stabilization Fund for foreseeable future expenditures on major equipment items.
The Town Warrant accompanies this report. The recommenda- tions of this Committee on each article requiring funds are in- cluded in the Warrant.
Respectfully submitted,
FINANCE COMMITTEE
Leonard C. Larrabee
Ernest P. Neumann
Paul L. Norton
Joseph A. Vitale
John B. Tew, Chairman
3
SCHEDULE OF APPROPRIATIONS AND EXPENDITURES OF 1962 AND RECOMMENDATIONS FOR 1963
Appropriation 1962
Expenditures 1962
Recommendations 1963
GENERAL GOVERNMENT ($53,997 - 3.9%)
EXECUTIVE
Selectmen
2. Salaries
$ 300.00
$ 300.00
$ 300.00
3. Selectmen's
personal exp.
300.00
300.00
300.00
4. Expenses
850.00
185.00
850.00
1,450.00
785.00
1,450.00
Executive Officer
6. Compensation of Selectman for
special purposes
5,000.00
5,000.00
5,500.00
7. Expenses
200.00
188.00
200.00
5,200.00
5,188.00
5,700.00
Finance Committee
10. Expense
50.00
16.00
25.00
Town Office
15. Clerks, salaries
11,275.00
11,167.00
12,650.00*
16. Expense
2,400.00
2,342.00
2,400.00
13,675.00
13,509.00
15,050.00
* Includes $1,050 to be taken from Water Dept. Treasury
Town Accountant
20. Salary
3,629.00
3,629.00
3,797.00
21. Expense
300.00
287.00
350.00
3,929.00
3,916.00
4,147.00
Treasurer
30. Salary
200.00
200.00
200.00
31. Expense
700.00
680.00
1,000.00
900.00
880.00
1,200.00
Collector
40. Salary
2,950.00
2,950.00
2,950.00*
41. Expense
800.00
757.00
800.00
3,750.00
3,707.00
3,750.00
* Includes $525 to be taken from Water Dept. Treasury
4
Appropriation 1962
Expenditures 1962
Recommendations 1963
Assessors
50. Salaries
$ 550.00
$ 550.00
$ 550.00
52. Expense
800.00
639.00
800.00
53. Compensation
of Assessor
800.00
800.00
2,150.00
1,189.00
2,150.00
Law
55. Legal
2,000.00
2,000.00
2,000.00
56. Expense
200.00
137.00
200.00
2,200.00
2,137.00
2,200.00
Town Clerk
60. Salary
600.00
600.00
600.00
61. Expense
75.00
75.00
75.00
675.00
675.00
675.00
Election & Registration
70. Registrars, salaries
200.00
200.00
200.00
71. Election officials
300.00
465.00 R
150.00
72. Expense
650.00
635.00
650.00
1,150.00
1,300.00
1,000.00
Planning Board
80. Expense
2,050.00
3,388.00 R
5,400.00
Board of Appeals
81. Expense
250.00
153.00
250.00
Conservation Commission
500.00
121.00
500.00
Consulting & Engineering
85. Expense
3,000.00
2,736.00
4,000.00
Town Hall
90. Custodian
2,028.00
1,750.00
2,100.00
91. Maintenance &
Expense
3,500.00
3,733.00 R
4,400.00
5,528.00
5,483.00
6,500.00
PROTECTION OF PERSONS AND PROPERTY ($113,990 - 8.3%)
Police Department
100. Salaries
35,145.00
36,526.00 R
35,875.00
101. Expense
4,157.00
3,743.00
4,360.00
39,302.00
40,269.00
40,235.00
82. Expense
5
Appropriation 1962
Expenditures 1962
Recommendations 1963
Fire Department
110. Salaries & wages
$ 16,550.00
$ 18,820.00 R
$ 24,108.00
112. Expense
3,900.00
3,792.00
4,517.00
113. Hydrant
service
3,495.00
3,495.00
3,495.00
23,945.00
26,107.00
32,120.00
Communications
121. Wages
12,925.00
11,433.00
12,700.00
122. Expense
3,700.00
ยท 3,931.00 R
4,311.00
16,625.00
15,364.00
17,011.00
Civil Defense
123. Expense
1,000.00
1,273.00
1,000.00
* Includes balance from 1962
Fire & Police Bldg.
125. Maintenance
& expense
3,375.00
3,410.00 R
3,500.00
126. Outside rentals
800.00
800.00
800.00
4,175.00
4,210.00
4,300.00
Inspectors of Buildings
128. Inspection fees
1,250.00
1,036.00
1,250.00
129. Expense
100.00
57.00
100.00
1,350.00
1,093.00
1,350.00
Park Department
130. Tree Warden,
salary
200.00
200.00
200.00
135. Salaries & wages
8,550.00
8,990.00
*
13,374.00 **
136. Expense
1,775.00
1,736.00
2,500.00
137. Dutch Elm
Removal Priv.
Property
1,000.00
47.00
500.00
138. Mowing
1,400.00
1,400.00
1,400.00
12,925.00
12,373.00
17,974.00
Includes reimbursement In addition $2500 will be taken from Cemetery Expense.
HEALTH AND SANITATION ($19,000 - 1.4%)
Board of Health
200. Salaries
5,050.00
4,550.00
5,150.00
201. Expense
400.00
435.00 R
500.00
202. Insp. service
1,250.00
1,197,00
1,250,00
6,700.00
6,182.00
6,900.00
6
Appropriation 1962
Expenditures 1962
Recommendations 1963
Sanitation
210. Garbage coll. $ 8,000.00
$ 7,340.00
$ 8,000.00
Pest Control
220. Mosquito control
4,000.00
4,000.00
4,000.00
Inspector of Animals
230. Salary
100.00
100.00
100.00
HIGHWAYS ($114,576 - 8.3%)
Highways
300. Salaries &
wages
31,600.00
31,590.00
33,266.00
302. Maintenance
20,000.00
19,581.00
35,000.00
303. Equipment
maintenance
6,000.00
6,962.00 R
7,500.00
304. Snow & Ice
removal &
control
6,500.00
7,019.00 R
7,000.00
305. Street lights
8,000,00
7,944.00
7,310.00
72,100.00
73,096.00
90,076.00
Highway Building
310. Maintenance expense
2,000.00
1,965.00
2,000.00
Highways, Ch. 90
320. Maintenance
4,500.00
4,487.00
4,500.00*
* State & County share of $3,000 to be taken from free cash and re- turned when reimbursed.
321. Construction 19,600.00
2,176.00
18,000.00*
* State & County share of $13,500 to be taken from free cash and re- turned when reimbursed.
PUBLIC WELFARE ($19,752 - 1.4%)
Public Welfare
400. Aid to Citizens
17,500.00
19,244.00 R
15,000.00
401. Administration, salaries
1,066.00
1,066.00
1,102.00
402. Expense
150.00
96.00
150.00
403. Veterans'
Services
3,000.00
3,397.00 R
3,500.00
21,716.00
13,803.00
19,752.00
7
Appropriation 1962 1962
Expenditures
Recommendations 1963
EDUCATION ($775,271 - 56.3%)
Schools
500. General Control
$ 22,365.00
$ 21,034.00
$ 23,420.00
501. Out of State
1,050.00
827.00
1,050.00
502. Instruction
366,050.00
365,426.00
424,320.00*
503. Operation
58,110.00
53,949.00
59,050.00
504. Maintenance
15,920.00
15,906.00
13,200.00
505. Auxiliary
Agencies
43,640.00
43,364.00
51,390.00
506. Outlay
8,140.00
8,054.00
9,880.00
515,275.00
508,560.00
582,310.00
* this sum $1,085.56 to be taken from De Cordova School Equip.
Fund & Grammar School Fund
Regional High School.
510. Regional School District
212,814.00
212,814.00
192,961.00
LIBRARY ($34,148 - 2.5%)
Library
520. Salaries
17,563.00
16,671.00
19,390.00*
521. Books & records
5,700.00
5,699.00
7,300.00 **
522. Expense
910.00
770.00
1,175.00
24,173.00
23,140.00
27,865.00
* Of this sum $804.41 to be taken from Dog Tax Receipts
Additional funds from Library Trust Funds ex- ceeding $600 will be available for books.
Library Building
530. Custodian, wages
1,648.00
1,567.00
1,748.00
531. Maintenance &
expense
3,960.00
3,808.00
4,535.00
5,608.00
5,375.00
6,283.00
+4
8
Appropriation 1962
Expenditures 1962
Recommendations 1963
RECREATION ($7,885 -. 6%)
Recreation
600. Salaries
$ 4,460.00
$ 4,086.00
$ 5,515.00
602. Expense
1,370.00
1,333.00
1,720.00
604. Swimming
program
850.00
530.00
650,00
6,680.00
5,949.00
7,885.00
CEMETERIES ($4,100 - . 3%)
Cemeteries
.700. Interments
600.00
348.00
600.00
702. Maintenance & Expense
3,500.00
3,461.00
3,500.00
4,100.00
3,809.00
4,100.00
TOWN DEBT SERVICE ($169,255 - 12.3%)
Town Debt Service
802. Fire & Police
Bldg. Bonds
5,000.00
5,000.00
5,000.00
803. Int. on Fire &
Police Bldg. Bonds
2,880.00
2,880.00
2,700.00
804. Int. on Tax Notes
3,000.00
3,145.00 R
805.
School Bldg. Bonds
70,000.00
70,000.00
110,000.00*
806. Int. on School
Bldg. Bonds
25,785.00
25,785.00
45,555.00*
807.
Library Bldg.
Bonds
5,000.00
5,000.00
5,000.00
808. Int. on Library
Bldg. Bonds
1,125.00
1,125.00
1,000.00
112,790.00
112,935.00
169,255.00
* Of this sum $441.35 to be paid from accrued interest
Of this sum $60,000 to be taken from Free Cash
9
Appropriation 1962
Expenditures 1962
Recommendations 1963
UNCLASSIFIED ($49,238 - 3.6%)
900. Middlesex Co.
Pension Fund
$ 10,453.00
$ 10,453.00
$ 14,529.00
901. Employee Ins.
& Hosp. Fund
8,145.00
8,493.00
11,209.00
902. Property &
Indemnity Ins.
14,022.00
12,731.00
15,500.00
903. Dump Rent & Maintenance
4,500.00
4,500.00
4,500.00
904. Printing &
Distributing Reports
3,000.00
2,480.00
3,000.00
905. Preservation of Town Records
500.00
71,00
500.00
40,620.00
38,728.00
49,238.00
RESERVE FUND ($15,000 - 1.1%)
910. Reserve Fund
10,000.00
9,546.00
15,000.00
TOTALS
$1,216,555.00 $1,179,887.00
$1,376,212.00
WATER DEPARTMENT
950. Salaries 951. Wages 952. Expense
7,025.00
7,025.00
7,325.00
7,169.00
6,801.00
7,063.00
17,159.00
11 ,704.00
18,025.00
31,353.00
25,530.00
32,413.00
Pumping Station
953. Maintenance & Expense
5,300.00
5,119.00
5,410.00
Bond Service
955. Bonds
10,000.00
10,000.00
10,000.00
956. Interest
1,563.00
1,563.00
1,300.00
11,563.00
11,563.00
11,300.00
* $45,000 of items
950 through 956 to be taken from Water Dept. Receipts and $4,123 to be taken from Water Dept. Surplus
TOTALS FOR WATER WORKS
$ 48,216.00 $ 42,212.00 $ 49,123.00
10
1
TOWN OF LINCOLN
REPORT OF THE LONG-TERM CAPITAL REQUIREMENTS COMMITTEE
1962
TOWN OF LINCOLN
REPORT OF THE LONG-TERM CAPITAL REQUIREMENTS COMMITTEE 1962
As expected, 1962 ended a two year "breathing spell" in the issuance of town debt for capital projects and saw debt outstand- ing reach an all time year-end high of $1,698,000, exclusive of course of Lincoln's share of regional school district debt. The important factor, however, is that the school project voted in 1962 was anticipated and much was done in prior years to reduce its impact. While the estimated cost of the junior high school will be approximately $961,050, including land purchase, only $750, 000 in town debt was issued to finance the project. This
was accomplished through the accumulation of $100,000 in the town's stabilization fund over a three year period and the antici- pated receipt of a matching, accelerated payment of a portion of the state's school construction grant, effectively reducing the amount to be borrowed by $200,000. This committee supports the effective use of the stabilization fund in this manner to reduce where possible the impact of large capital expenditures and to even out from year to year the peaks and valleys of other capital spending.
As indicated in Table 1, the Proposed Program of Capital Ex- penditures, stabilization fund appropriations will be requested for a variety of purposes. in the coming years. For schools, the program of appropriating $25,000 annually into the fund will be resumed in 1963 for a period of three or four years in anticipa- tion of the Junior High School addition in 1967 or 1968. To be eligible for the matching payment from the state, a minimum of $75,000 with a maximum of $100,000 must be in the town's stabili- Zation fund on December 31 of the year preceding the appropriation for the school project. In addition, monies will be added to the stabilization fund for the future acquisition of land. As of December 31, 1962, $14,500 had accumulated in the fund for this purpose. In 1962, $8,000 was appropriated into the stabilization fund for future capital projects such as major equipment purchase, i. e., fire engine, or any other non-school or land purchase pro- jects for which the town can legally borrow.
An appropriation for this general purpose will again be asked in 1963 in the hope that expenditures for future projects such as the dump relocation, equipment purchases, North Lincoln fire station, etc., can be paid for from the accumulated stabilization funds or that the necessary borrowings be kept to a minimum. The stabilization fund is stead- ily becoming a most effective weapon in the orderly control of capital spending and will play a more vital role in years to come.
Aside from the large item for school construction, other town capital expenditures revealed little that was not anticipated in our 1961 Report. The future accelerated increase in the town's tax rate will stem mainly from severely increased operating costs and not capital costs, as is sometimes supposed. With careful planning, imaginative use of the stabilization fund, and judicious use of the town's ability to borrow reserved for major projects,
12
capital expenditures can and will become stabilized. Taxpayers, if concerned with their tax bills, should examine operating costs for it is here that economies of real proportions could be ef- fected if the desire exists to cut back in quality or quantity of services rendered. Close scrutiny will be given all capital pro- jects to justify their expense but the adding or elimination of a particular capital project in itself will do little to add to or prevent the steadily rising tax rate.
On subsequent pages of this report will be found sections dealing with each major town department, a review of their 1962 projects, proposed 1963 plans, and major items scheduled for the future. These projects all appear in summary form in Table 1. In addition, Tables 2 through 5 will give information concerning 1962 Proposed and Actual Capital Expenditure, Total 1962 Town Expenditures and Receipts, 1962 Vital Statistics, and General Statistics, 1948 through 1963. We invite your attention to these and your comments on this report.
Respectfully submitted,
LONG-TERM CAPITAL REQUIREMENTS COMMITTEE
Russell L. Haden, Jr., Chairman 1965
Douglas M. Burckett 1963
Richard C. B. Clark, Secretary
1964
John B. Tew, Finance Committee
Elliott V. Grabill, Selectmen
Paul Brooks, Planning Board
13
TABLE 1
TOWN OF LINCOLN 1962 Long-Term Capital Requirements Committee Report
PROPOSED PROGRAM OF CAPITAL EXPENDITURES - 1963 AND PERIOD 1964/1968
No. Department or Project
1963
1964
1965
1966
1967
1968
Future
1
Lincoln Cemetery
$
--
$
--
$ 25,000
$
- -
$
--
$ --
No figure
2 Lincoln Library
--
2,000
1,500
20,000
1,000
1,000
$ 7,500
3 Planning Board &
Conservation Commission :
a. Land Options
1,000
b. Garland Land Purchase
4,000
4,000
4,000D
1
i
-
c. Codman Land Purchases
9,900A
!
1
d. Legion Land Purchase
7,500A
e. Codman Land Purchase
5,700
-
--
!
1
-
-
4 Recreation
5 Selectmen:
a. Protection of Persons
& Property :
(1) Police Dept.
2,000
2,000
2,000 17,500B
2,000 50,000B
2,000
2,000
(2) Fire Dept.
(3) Civil Defense
--
--
-
--
b. Highway Dept:
(1) Road Construction
35,000
35,000
35,000
35,000
35,000
35,000
9,650A
(2) Ch. 90 Construction
18,000 18,000A
18,000
18,000
18,000
18,000
18,000
1
(cont. )
14
-
-
-
I
1
-
!
-
4,000
-
--
D
D
1
I
i
-
TABLE 1, Continued
No. Department or Project
1963
1964
1965
1966
1967
1968
Future
(3) Equipment
$ --
$ 12,000
$ 6,000
$ 6,000
$ 6,000 20,000B
$ 6,000
(4) Garage Addition
--
-
-
--
c. Town Hall Repair
5,000
5,000
--
-
--
-
-
d. Town Dump :
(1) Relocation
30,000B
30,000B
-
--
-
-
-
-
--
--
-
-
6 Lincoln Schools:
a. Hartwell Addition
5,738A
b. School Needs Comm.
254A
--
-
-
c. School Land Purchases
4,000A
d. Jr. High School Construction Accelerated Grant
763,971A
100,000
--
--
--
--
--
e. Annual Capital Outlay
9,000
9,000
9,000
9,000
9,000
9,000
f. Jr. High School Addition
500,000B
--
..
7 Lincoln-Sudbury Regional High School District: (Lincoln's Est. Share) a. Building Committee b. High School Addition
7,500C
--
-
--
--
--
--
No figure
8 Town Stabilization Fund :
a. Appropriations for future School Const.
25,000
25,000
25,000
25,000
--
--
No figure
b. Appropriations for future land purchases
4,750 1
5,000
5,500
6,500
7,500
8,000
-
c. Appropriations for other capital projects 10,000
10,000
10,000
10,000
10,000
10,000
-
( cont. )
-
-
--
--
--
-
--
--
-
--
-
-
--
--
--
450,000C
--
---
TABLE
15,000B
(2) Equipment
-
15
TABLE 1, Continued
No. Department or Project
1963
1964
1965
1966
1967
1968
Future
9 Conservation Fund
$
4,750
$ 5,000
$ 5,500
$ 6,500
$ 7,500
$ 8,000
-
10 Water Department:
a. Engineering Services b. New Water Source
5,000
-
-
30,000
30,000
30,000
30,000
-
c. Water Main & Hydrant Replacement
7,500
20,000
7,500
7,500
7,500
7,500 No figure
TOTALS
$1,053,513
$208,000
$706,000
$225,500
$657,500
$103,500
$
--
A Represents unexpended balance carried forward from 1962. -
B - To be raised by Town borrowing and/or paid in part or full by appropriation from Town's Stabilization Fund.
C
- To be raised by Regional School District borrowing.
D
- To be appropriated from Conservation Fund.
16
..
TABLE 2
TOWN OF LINCOLN PROPOSED AND ACTUAL CAPITAL EXPENDITURES FOR 1962
Item No. Department or Capital Project
1962 Proposed Expenditure
1962 Actual Expenditure
Unexpended Accrued Balance
1
Lincoln Cemetery
$ 5,052.46 (1)
$ 4,376.43
$
676.03 (2)
2
Lincoln Library :
a. Renovation
2,000.00
1,460.74
539.26 (2)
b. Library Clock
1,000.00
None
1,000.00 (2)
3
Planning Board & Conservation
Commission :
a. Land Options
1,000.00
None
1,000.00 (2)
b. Land Purchases :
(1) Legion Land
7,500.00 (1)
None
7,500.00 (2)
(2) Codman Land
9,800.00
None
9,800.00 (2)
(3) Codman Land
100.00
None
100.00 (2)
(4) Garland Land
4,000.00
4,000.00
None
Recreation
None
None
None
4 5
Selectmen :
a. Protection of Persons & Property :
(1) Police Dept.
2,200.00
2,189.58
10.42
(2) Fire Dept.
600.00 (1)
None
600.00 (2) None
(3) Civil Defense
1,039,04 (1)
1,039.04
b. Highway Dept:
(1) Road Maintenance
20,000.00
19,580.65
419.35
(2) Road Construction
30,000.00
20,348.03
9,651.97 (2)
(3) Ch. 90 Construction
19,600.00
576.47 (1)
2,176.47
18,000.00 (2)
(4) Equipment
6,300.00
6,250.40
49.60
2,500.00 (1)
2,451.40
48.60
None
None
None
6
c. Town Hall Repair d. Town Dump Relocation Lincoln Schools (Grades K-8) : a. Hartwell School Addition
6,200.18 (1)
461.24
b. School Needs Committee
5,000.00 (1)
4,745.50
5,738.94 (2) 254.50 (2)
17
TABLE 2, Continued
Item No. Department or Capital Project
1962 Proposed Expenditure
1962 Actual Expenditure
Unexpended Accrued Balance
c. School Land Purchases
$ 56,050.00 (A)
$ 52,050.00
$ 4,000.00 (2)
d. Junior High School Construction e. Annual School Capital Outlay Lincoln-Sudbury Regional School District :
800,000.00 (B)
36,028.26
763,971.74 (2)
8,140.00
8,054.39
85.61
7
a. Land Purchases (Lincoln's estimated share )
5,180.00 (C)
2,700.00
2,480.00 (2)
Appropriations to Lincoln's
Stabilization Fund :
a. For future School Construction
None
None
None
b. For future Land Purchases
3,000.00
3,000.00 (3)
None
18
c. For other future Capital Projects
8,000.00
8,000.00 (3)
None
9
Appropriations to Lincoln's
Conservation Fund :
None
None
None
10
Water Department:
a. Water Main - Sandy Pond Rd.
799.09 (1)
172.50
626.59 (2)
b. Test Wells
5,000.00
4,245.33
754.67 (2)
TOTALS
$1,010,637.24
$183,329.96
$827,307.28
(1) Unexpended Accrued Balance Carried Forward from 1961.
(2) Unexpended Accrued Balance To Be Carried Forward In Capital Account for Expenditure in 1963.
(3) In Town's Stabilization Fund.
(A) $50,000 Raised by Town Bond Issue.
(B) $700,000 Raised by Town Bond Issue - $100, 000 Appropriated from Stabilization Fund.
(C) Raised by Regional School District Borrowing.
8
TABLE 3 TOWN OF LINCOLN
TOTAL 1962 EXPENDITURES AND RECEIPTS
RECE IPTS
1. 1962 Taxes on polls & property collected in 1962 $ 911,889.98
2 . Taxes on polls & property levied in prior years and collected in 1962
9,977.64
3. Excise Taxes collected in 1962 (chiefly motor vehicles) 128,908.32
4. Receipts from Comm. of Mass. (other than Items 5 & 6) 169,182.68
5. Chapter 90 Highway Construction Assistance (State and County ) 10,067.64
6 . State School Construction Assistance Payments 34,901.54
7. Hanscom Air Force Base School Operation
305,234.35
8. Other Federal Receipts and Grants
27,069.85
9 . Transfer from Stabilization Fund for school construction
100,000.00
10. Proceeds from sale of School Project Loan Bonds 752,434.58
11. Other Current Receipts
61,737.63
TOTAL RECEIPTS
$2,511,404.21 (1)
(1) Excluding amounts borrowed in anticipation of 1962 Taxes and amounts withheld from Town employee salary payments.
EXPENDITURES
12. Total 1962 Town Expenditures
13. Water Department Expenditures
$1,682,670.67 (2) 46,649.61
14. Total 1962 Town and Water Dept. Expenditures $1,729,320.28
15. 1962 Capital Expenditures (See Table 2) - 183,329.96
16. 1962 Current Expenditures (14 minus 15) ( Including payments on Town and School District Debt)
$1,545,990.32
(2) Excluding payment of tax anticipation notes and Town employee deductions.
19
TABLE 4 TOWN OF LINCOLN
1962 VITAL STATISTICS
1. Town Debt, December 31, 1962 ( Including Water Debt)
$1,698,000.00
2. Town Borrowing Capacity, January 1, 1963 294,286.00
3. 1962 Assessed Valuations (less abatements) :
a. Real and Personal Property 9,104,200.00
b. Motor Vehicles 1,791,154.00
4 . 1962 Tax Levies :
a.
Real and Personal Property
937,679.00
b. Motor Vehicles 128,265.17
5. 1962 Tax Rates (Per $1,000 of valuation) :
a. Town of Lincoln, Real and Personal Property 103.00
b. Massachusetts Motor Vehicle Excise Rate 66.00 (1)
(1) Ceiling of $66.00 placed on this rate in 1960
6. Town Stabilization Fund :
a. Tentatively earmarked for future school construction None
b. Tentatively earmarked for future land purchases 14,500.00
c. Tentatively earmarked for other future capital expenditures 8,000.00
d . Increment from income and gains 7,142.04
Total Stabilization Fund - Dec. 31, 1962 $29,642.04
7.
Town Conservation Fund
No Balance
20
TABLE 5 TOWN OF LINCOLN GENERAL STATISTICS - 1948 THROUGH 1963
Year
Real & Personal Property Assessed Value
Tax Rate
Year End Town Debt
Annual Debt Payments (Principal)
Town Tax Levy
Population
New Housing Starts
1948
$3,926,350.
$ 38.00
$ 330,000.
$ None
$ 150,545.
2,303 E
57
1949
4,172,008.
40.00
311,000.
19,000.
168,234.
2,345 E
49
1950
4,564,673.
40.00
292,000.
19,000.
183,968.
2,427 FC
34
1951
5,059,518.
44.00
608,000.
19,000.
224,107.
2,557 E
40
1952
5,217,165.
45.00
571,000.
37,000.
235,065.
2,609 E
39
1953
5,498,547.
48.00
543,000.
37,000.
263,930.
2,686 E
44
1954
5,867,201.
48.00
503,000.
38,000.
281,625.
2,816 E
61
1955
6,253,315.
54.00
463,000.
38,000.
337,679 .
2,949 SC
60
21
1956
6,617,270.
58.00
473,500.
38,000.
354,494.
3,009 E
73
1957
7,248,630.
68.00
1,007,000.
41,500.
492,906.
3,070 E
34
1958
7,718,935.
75.00
1,046,000.
71,000.
578,920.
3,300 E
18
1959
8,253,962.
83.00
1,210,000.
76,000.
685,079.
3,450 E
16
1960
8,437,218.
94.00
1,119,000.
91,000.
784,772.
3,968 FC
19
1961
8,830,496.
100.00
1,028,000.
91,000.
885,249.
4,068 E
18
1962
9,104,200.
103.00
1,698,000.
90,000.
937,679.
4,150 E
27
1963
9,350,000. E
114.00 E
1,568,000.
130,000.
1,045,250. E
4,300 E
?
FC - Federal Census
SC - State Census
E - Estimated
1
EXAMINATION OF DEPARTMENTAL PROGRAMS
1. CEMETERY.
The Commissioners continue to report a possible expenditure of $25,000 sometime in the future, now budgeted for 1965.
2. LIBRARY.
The Trustees made good use of their 1962 appropriation of $2,000, spending only $1,460, and by carrying over the balance, believe they can do without any appropriation in 1963. Still ahead is the major project of finishing off and equipping the basement under the addition. This will cost $20,000 and is now planned for 1966, but the exact timing will depend on the growth in use of the library which is somewhat faster than anti- cipated earlier.
3. PLANNING BOARD & CONSERVATION COMMISSION.
Among other duties, these two groups share the program of recommending the acquisition of lands for town and conservation uses. Unexpended monies have previously been voted by the town for the American Legion property, a portion of the Codman Estate, and a sum to be used for land options. One or all of these sums may be expended during 1963. In addition, $5700 is re- quired to purchase a further portion of Codman land necessary for the South Lincoln development, the zoning of which was re- cently voted. The program of purchasing the Garland land bor - dering on Sandy Pond will continue for the next three years in order to complete the purchase price of $20,000. Two payments of $4000 each have already been made and for the years of 1963, 1964, and 1965 $4000 will be taken from the conservation fund for this purchase.
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