USA > Massachusetts > Middlesex County > Lincoln > Town Report on Lincoln 1963-1965 > Part 34
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).
Part 1 | Part 2 | Part 3 | Part 4 | Part 5 | Part 6 | Part 7 | Part 8 | Part 9 | Part 10 | Part 11 | Part 12 | Part 13 | Part 14 | Part 15 | Part 16 | Part 17 | Part 18 | Part 19 | Part 20 | Part 21 | Part 22 | Part 23 | Part 24 | Part 25 | Part 26 | Part 27 | Part 28 | Part 29 | Part 30 | Part 31 | Part 32 | Part 33 | Part 34 | Part 35 | Part 36 | Part 37 | Part 38 | Part 39 | Part 40 | Part 41 | Part 42 | Part 43 | Part 44 | Part 45 | Part 46 | Part 47 | Part 48 | Part 49 | Part 50 | Part 51
1,545.00
1,550.00
17,416.00
17,018.00
19,610.00
6
Appropriation 1964
Expenditures 1964
Recommendations 1965
HEALTH AND SANITATION ($16,325. - 1.1%)
Board of Health
200. Salaries
$ 5,300.00
$ 4,898.00 577.00R
1,175.00
202. Inspection Service
1,250,00
728.00
1,250.00
7,075.00
6,203.00
7,225.00
Sanitation
210. Garbage
Collection
9,000.00
8,122.00
9,000.00
Inspector of Animals
230. Salary
100.00
100.00
100.00
HIGHWAYS ($111,175. - 7.2%)
Highways
300. Salaries &
Wages
34,700.00
32,356.00
36,435.00
302. Maintenance
26,360.00
18,647.00
26,240.00
303. Equipment
Maint.
6,450.00
8,563.00R
7,900.00
304. Snow & Ice
Removal
Control
9,000.00
9,857.00R
9,000.00
305. Street Lights
7,340.00
7,442.00R
7,700.00
83,850.00
76,865.00
87,275.00
Highway Building
310. Maintenance
& Expense
1,600.00
1,593.00
1,400.00
Highways, Ch. 90
320. Maintenance
4,500.00
4,500.00
4,500.00*
State and County share of $3,000 to be taken from free cash and returned when reimbursed
Highways, Ch. 90
321. Construction 18,000.00 46,512.00R
18,000.00*
* State and County share of $13,500 to be taken from free cash and returned when reimbursed
7
$ 4,800.00
201. Expense
525.00
.
Appropriation 1964
PUBLIC WELFARE ($18,040. - 1.2%)
Public Welfare
400. Aid to
Citizens
$ 15,000.00
$ 14,638.00
$ 16,000.00
401. Admin.
Salaries
1,220.00
1,220.00
1,340.00
402. Expense
150.00
105.00
200.00
403. Veterans '
Services
1,000.00
168.00
500.00
17,370.00
16,131.00
18,040.00
EDUCATION ($917,649. - 59.1%)
501. Admin.
22,498.00
21,102.00
22,317.00
501a. Out of
State Travel
1,160.00
1,017.00
1,930.00
502. Instruction
452,115.00
447,444.00
501,632.00*
503. Other school
services
43,762.00
42,836.00
47,041.00
504. Operation &
maintenance of plant
93,411.00
92,064.00
106,998.00
506. Community
Services
200.00
102.00
250.00
507. Acquisition
of fixed
assets
6,713.00
5,550.00
5,983.00
509. Programs with other
systems
1,200.00
1,040.00
1,800.00
621,059.00
611,155.00
687,951.00
* Of this sum $1,015.60 to be taken from DeCordova School Equipment & Grammar
School Funds. ( In addition $10,000 will be taken from P. L. 874 for Instruction.)
510. Regional High School District 196,307.00 196,306.00
229,698.00
8
Recommendations 1965
Expenditures 1964
Appropriation 1964
Expenditures 1964
Recommendations 1965
LIBRARY ($37,043. - 2.4%)
Library
520. Salaries
$ 21,537.00 $ 21,359.00 $ 22,613.00*
521. Books &
records 7,200.00
7,223.00R 682.00
7,200.00*
522. Expense
975.00
850.00
523. Out of State Travel 75,00
115,00
29,787.00
29,264.00
30,778.00
Of this sum $833.68 to be taken from Dog Tax Receipts
Of this sum $1,403.25 to be taken from State Aid to Libraries
Library Building
530. Custodian's
wages
1,748.00
1,750.00
1,755.00
531. Maintenance
& Expense
4,285.00
3,506.00
4,510.00
6,033.00
5,256.00
6,265.00
RECREATION ($10,708. - 0.7%)
Recreation
600. Salaries
5,630.00
5,087.00
6,514.00
602. Expense
1,475.00
1,411.00
1,330.00
604. Swimming
Program
1,505.00
1,824.00
2,864.00
8,610.00
8,322.00
10,708.00
CEMETERIES ($4,100. - 0.3%)
700. Interments
600.00
361.00
600.00
702. Maintenance
R
& Expense
3,500.00
4,744.00
3,500.00
4,100.00
5,105.00
4,100.00
9
Appropriation 1964
Expenditures 1964
Recommendations 1965
TOWN DEBT SERVICE ($181,813. - 11.7% )
Town Debt Service
802. Fire & Police
Bldg. Bds. $ 5,000.00
$ 5,000.00
$ 5,000.00
803. Int. on Fire & Police Bldg. Bds.
2,520.00
2,520.00
2,340.00
804. Int. on Tax
Notes
1,500.00
1,399.00
2,500.00
805. School Bldg. Bonds
115,000.00
115,000.00
115,000.00*
806. Int. on
School
Bldg. Bds.
45,360.00
45,360.00
42,065.00*
807. Library
Bldg. Bds.
5,000.00
5,000.00
5,000.00
808. Int. on
Library Bldg. Bds.
875.00
875.00
750.00
809. Land Purchase Bonds
-
-
8,500.00
810. Int. on Land Purchase Bds.
658.00
175,255.00
175,154.00
181,813.00
* This sum to be taken from Free Cash
Of this sum $12,000. to be taken from Free Cash
UNCLASS IF IED ($57,139. - 3.7%)
900. Middlesex Co. Pension Fd.
13,223.00
13,222.00
15,589.00
901. Employee Ins. & Hosp. Fd.
11,300.00
11,101.00
11,800.00
902. Property & Indemnity
Insurance
16,700.00
14,391.00
22,000.00
903. Dump rent & Maintenance 4,500.00 904. Printing & Distributing Town Reports & Town Meeting Expense 3,000.00
4,500.00
4,500.00
2,480.00
3,000.00
10
Appropriation 1964
Expenditures 1964
Recommendations 1965
905. Preservation of Town Records $ 250.00 $ 60.00
$ 250.00
48,973.00
45,754.00
57,139.00
RESERVE FUND ($13,000. - 0.8%)
910. Reserve Fd.
13,000.00 *
13,000.00
*
Figures appear in above accounts
TOTALS
$1,416,577.00
$1,403,286.00
$1,552,799.00
WATER DEPARTMENT
950. Salaries
7,575.00
7,575.00 11,289.00
10,375.00
952. Gen. Exp.
15,325.00
14,302.00
3,500.00
953. Water Supply Expense
4,975.00
4,215.00
6,000.00
954. Water
Transmission
Expense
9,300.00
39,659.00
37,381.00
36,970.00
955. Bonds
10,000.00
10,000.00
20,000.00
956. Interest
1,038.00
1,038.00
3,625.00
11,038.00
11,038.00
23,625.00
TOTALS FOR WATER DEPARTMENT
$50,697.00
$48,419.00
$60,595.00
Items 950 through 956 to be taken from Water Department Receipts
All items marked R have been increased by Reserve transfers, Refunds, and additional appropriations.
NOTE : In the interest of clarity cents have been omitted from the above figures.
11
7,795.00
951. Wages
11,784.00
TOWN OF LINCOLN
REPORT OF THE LONG-TERM CAPITAL REQUIREMENTS COMMITTEE
1964
TOWN OF LINCOLN, MASSACHUSETTS
1964 REPORT OF THE LONG-TERM CAPITAL REQUIREMENTS COMMITTEE
The year 1964 saw the completion of Lincoln's Brooks School and the authorization of a major addition to the Regional High School. These two capital projects repre- sent a complete round of school construction, and should free the Town of further capital outlays for school con- struction until 1969 and 1970, when a further round of local and district school construction will be required. The interim period affords an opportunity to get our capi- tal budgeting house in order, and to further stabilize our annual expenditures for these items.
Major question marks facing the Town are in the areas of conservation, recreation and water. Progress was made in 1964 on the Town's Land Use and Finance Study, as well as the Recreation Committee Survey. Reports on both are expected in 1965, and should provide the information on which to base a sounder capital outlay budget for land pur- chase and the development of recreation facilities. As these projects could be substantial in nature, thoughtful study must be given to their value and means of financing to avoid disproportionate spending in any given year.
The Water Department shows signs of wrestling with its long-range requirements, but evidence needs to be given to the Town to indicate that the Commissioners possess a plan clearly detailing future needs and costs.
Pending completion of the Land Use and Finance Study, we have again suggested an annual population growth rate of 2% to department heads and committee chairmen preparing their capital budgets. This rate indicates that the popu- lation would increase from 3,917 in 1960 to 4;825 in 1970 barring any sudden sale of large blocks of land and changes in the other factors controlling Lincoln's growth rate.
An inherent difficulty in preparing our report each year is the lateness of reports being submitted to us by some Town boards and committees. This has been particular- ly true this year, and has prevented a more thought pro- voking study of their figures. This has been caused part- ly by our failure to apply needed pressure early in the year, and the lack of careful preparation of capital budgets well in advance by those responsible. This deficiency must be overcome to insure that the Long-Term Capital Require- ments Committee becomes an effective instrument of the Town's financial planning.
Respectfully submitted,
Richard C. B. Clark, Chairman 1965 Robert Donaldson 1966
Leo A. Palmer, Secretary 1967
13
TABLE 1 TOWN OF LINCOLN 1964 Long-Term Capital Requirements Committee Report PROPOSED PROGRAM OF CAPITAL EXPENDITURES 1965 AND PERIOD 1966/1970
No. Department or Project 1965
1966
1967
1968
1969
1970
Future
1. Lincoln Cemetery
$ 5,000
$
$ --
-
-
$
$
-
No figure
2. Lincoln Library
20,000
No figure
3. Planning Board &
Conservation Commission
a. Garland land purchase
4,000D
b. Legion land purchase
7,500A
c. Malloy land
d. DiPerna land
37,000
1
1
I
1
4. Recreation
5. Selectmen
a. Protection of
Persons & Property :
(1) Police Dept.
2,500
2,500
2,500 17,500B
2,500
No figure No figure
(2) Fire Dept.
50,000B
(3) Civil Defense
b. Highway Department :
(1) Road Con- struction
25,000
25,000
25,000
25,000
25,000
25,000 18,000
No figure No figure
(2) Ch. 90 Const.
18,000
18,000
18,000
18,000
18,000
7,480A
(cont.)
14
I
1
1
1
1
1
I
L
1
I
I
1
I
1
1
1,300A
1
-
$
TABLE 1, Continued
No. Department or Project
1965
1966
1967
1968
1969
1970
Future
5. b. Hgy. Dept. (cont.)
(3) Equipment
$ 3,700
$ 6,000
$ 6,000
$ 6,000
$ 6,000
$ 6,000
$ 6,000
(4) Garage Addition
20,000B
c. Town Hall Repair
1,862A
d. Town Dump - Relocation Equipment
30,000B
30,0001
15,0003
6. Lincoln Schools
a. Land Purchase
None 84.105A
None
None
None
None
None
No figure
b. Brooks School
c. Future Schools
None
No figure
d. Annual Capital Outlay
9,000
9,000
9,000
9,000
9,000
9,000
7 . Lincoln-Sudbury Region-
al School District
a. Building Addition
2,500,000A
2,000,000℃
No figure
(Lincoln's Est. Share)
575,000A
460,000℃
No figure
8. Town Stabilization Fund
a. Appropriations for future school construction 20,000
20,000
20,000
1
1
No figure
b. Appropriations for future land purchase
1
1
1
(cont.)
-
-
-
--
500,000B
--
15
-
B
-
TABLE 1, Continued
No. Department or Project 1965
1966
1967
1968
1969
1970
Future
8. Stabilization Fund (cont.) c. Appropriations for other future capital outlays
$10,000
$10,000
$10,000
$10,000
$10,000
$10,000
No figure
9. Town Conservation Fd.
15,000
16,000
17,000
18,000
19,000
20,000
No figure
10. Water Department: a. Development of new water source
30,000B
30,000B
-
b. Water main & hydrant replace- ment
18,000B 35,710A
15,000B
1
No figure
A - Represents unexpended balance carried forward from previous year.
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 and possible appropriations from Stabilization Funds in Lincoln and Sudbury.
D - To be appropriated from Town's Conservation Fund.
16
TABLE 2
TOWN OF LINCOLN 1964 Long-Term Capital Requirements Committee Report PROPOSED AND ACTUAL CAPITAL EXPENDITURES FOR 1964
Item No, Department or Capital Project
1964 Proposed Expenditure
1964 Actual Expenditure
Unexpended Accrued Balance to 1965
1.
Lincoln Cemetery
$ 1,956.83A
$
None
$
1,956.83G
2. Lincoln Library
None
None
3. Planning Board and Conservation Commission :
a . Malloy Land
1,300.00
None
1,300.00
b . B & M Land
2,000.00
2,000.00
None
7,500.00G
c . Legion Property
7,500.00
None
None
d. DiPerna Land
43,500.00A
43,500.00F
None
e . Garland Land
4,000.00
6,000.00
None
f. Old Telephone Building 6,000.00
None
None
None
4. Recreation
5. Selectmen:
a . Protection of Persons
& Property :
(1) Police Department
None
None
None
(2) Fire Department Forest Fire Truck
4,900.00
4,899.78
None
(3) Civil Defense
None
None
None
b. Highway Department:
(1) Major road construction & maintenance: Weston Rd. & Winter St. 18,705.66 (cont. )
5,766.88
12,938.78G
None
4,000.00D
17
TABLE 2, Continued
Item No. Department or Capital Project
1964 Proposed Expenditure
1964 Actual Expenditure
Unexpended Accrued Balance to 1965
5. Selectmen (cont.) b . Highway Department (cont.)
(2) Chapter 90 Const.
$ 53,991.75A
$ 46,511.96
$
7,479.79G None
(3) Highway Truck
5,800.00
5,436.15
(4) Tractor & loader
5,500.00
5,423.90
None
c . Town Hall Repair
10,000.00A
8,137.97
1,862.03G
6. Lincoln Schools (Grades K-8) :
803,541.70A
719,908.54
84,105.27G None
7 . Appropriations to Town's Stabilization Fund
65,535.62
83,129.98
20,000.00
20,000.00F
a . School b . Land c. Equipment
4,650.00
4,650.00
10,000.00
10,000.00
8 . Appropriations to Town's Conservation Fund a. Land Purchase
1,021.04C
4,650.00
4,000.001
9 .
Water Department:
a. New water mains:
(1) South Great Road
25,000.00
19,548.84
5,451 .16G
(2) Winter Street
15,000.00
7,690.00
7.310.00G
(3) Sandy Pond Road
55,000.00
33,340.00
21,660.00G
(4) Tower Road
15,000.00
13,711.33
1,288.67G
TOTALS
$1,123,808.94
$946,074.96
$237, 701.78
€
a. Junior High School
b . Annual capital outlay
6,713.00
5,549.61
B
B
1,720.27C
(cont.)
18
TABLE 2, Continued
Item No. Department or Capital Project
1964 Proposed Expenditure
1964 Actual Expenditure
Unexpended Accrued Balance to 1965
10. Lincoln-Sudbury Regional School District: a. Building Addition
$2,500,000.00
None
$2,500,000.00
Lincoln's estimated share of District's expenditures is 23%.
REFERENCES :
A. - Unexpended accrued balance carried forward from 1963
B. Monies in Stabilization Fund
C. - Monies in Conservation Fund
D. - Appropriated from Stabilization Fund
E. - Appropriated from Conservation Fund
F. - $20,000. appropriated from Stabilization Fund
G. - Unexpended accrued balance carried forward to 1965
19
EXAMINATION OF DEPARTMENTAL PROGRAMS
1. CEMETERY
1965 - The only capital outlay involving the Lincoln Cemetery on Lexington Road is the acquisition of land on both sides of the entrance. This will enable the Com- missioners to control the swamp areas on each side and to provide a buffer zone between the cemetery and any possible residential development in the area. In addition this acquisition will enable them to control the drainage and permit them to utilize some land along the present bound- aries for future lots. The funds for this project are estimated to be $5,000 and will come from Cemetery Improve- ment Funds. No future capital outlays are envisioned at the Cemetery of a substantial nature.
2. LIBRARY
Present bookshelf space is nearly full with almost 25,000 volumes. Long range plans call for about 38,000 volumes as recommended by the American Library Association. The unfinished basement room is the logical area for this expansion. The Trustees are deferring this expansion again from year to year until the necessity is clear. No plans or estimates are being obtained until all needs are mani- fest. The amount of $20,000 is continued, but 1967 is now
considered probable. The State Division of Library Exten- sion advised the Trustees that the Library Services and Con- struction Act may make available a federal grant for con- struction through a system of state allocations.
The Trustees intend to apply for such aid.
3. PLANNING BOARD AND CONSERVATION COMMISSION
The program to purchase the Garland land will be com- pleted this year upon payment of the $4,000.00 scheduled.
During 1964 the General Assembly passed new legisla- tion governing reimbursement by the State of Conservation Funds money expended on approved projects. Formerly, money to be set aside in a Conservation Fund was limited to a maxi- mum of one-twentieth of one per cent of the assessed valua- tion (approximately $4,600.00). This limitation has now been removed, and the Planning Board is recommending that $15,000.00 be appropriated for the Conservation Fund this year and that nothing be appropriated in the Stabilization Fund for land purchases.
20
4. RECREATION
1964 - No capital projects were proposed or carried out with the exception of the skating project at Pierce Park financed with available funds and much volunteer labor. The purchase of the DiPerna land for conservation and recrea- tion purposes was carried out but no formal plans have been presented for any development of the land.
1965 - Additional progress was made during the last year to determine what facilities are needed and/or wanted by the Town for recreational purposes. Until such time as a complete study and report are submitted, no estimates are being carried in the capital outlay budget. It is hoped that decisions can be made concerning the recreational needs of the Town within the very near future. Further delay will only entail greater costs for the construction or develop- ment of recreational facilities.
5. SELECTMEN
A. Protection of Persons and Property
1. Police Department
The policy recommended last year of re- placing cruisers on a three-year instead of a two-year basis requires purchase of a new cruiser in 1965. None was purchased in 1964.
2 . Fire Department
The new pumper scheduled last year for purchase in 1965 has been rescheduled to 1968, and the new fire station scheduled last year for 1966 has been rescheduled to 1965. Recent con- ferences with State officials indicate that the Route 2 problem may be resolved in 1965.
3. Civil Defense
No expenditures are being planned at this time.
B. Highway Department
1. Road Construction.
The special non-recurring grants from the state, one under Chapter 782, Acts of 1962, and the other under Chapter 822, Acts of 1963, were expended in 1964 and expenditures beginning in 1965 will return to the previously planned $25,000.00 annually.
21
2. Chapter 90 Construction,
The normal planned expenditure for Chapter 90 work is $18,000.00 annually, but a carryover from last year makes $25,000.00 available for 1965. Two-thirds of Chapter 90 expenditures are reimbursed, one-third by the state and one- third by the county.
3 . Equipment,
In an effort to even out major expenditures, $6,000 has been budgeted annually. This year it is recommended that the 1956 pick-up truck, which has gone 80,000 miles and is in poor condition, be replaced with a new 4-wheel drive pick-up with snow plow attachment. Estimated replacement cost is $3,700.00.
C. Town Hall Repairs
There is a carryover from last year of $1,862.
D. Town Dump
It now appears that a decision may be forth- coming this year regarding the relocation of routes 2 and 2A. This will permit a decision regarding the re- location of the Town Dump. Planned expenditures for this project have been moved from 1964-65 to 1965-66.
6. LINCOLN SCHOOLS
The completion of the Brooks School and of the Hartwell addition in September of 1964 permits housing for approximately 1,300 children. (This includes space at Center School. ) The elementary school enrollment as of
October 1st was 1,006. It is expected that this will in- crease to approximately 1,300 by 1969-1970 at the present rate of increase. This means that the date for a new building predicted in last year's report still remains the same and that before the 1,300 mark is reached plans will have to be made to provide adequate facilities for Physical Education, Special Subjects and a school library. This group of buildings as projected in two previous reports calls for an amount of at least $500,000. Buildings should be completed by the time the 1,300 enrollment figure is reached. Adequate land has been provided for in the last landtaking. The minor amounts of $9,000 a year are continued for annual capital outlay.
22
0
8.
1
a
Di bo to
1.
7. LINCOLN-SUDBURY REGIONAL SCHOOL DISTRICT (Grades 9-12)
1964 - The Towns of Lincoln and Sudbury approved the District School Committee's authorization of a $2,460,000 bond issue to finance construction of the proposed addition to the school expanding the pupil capacity to an estimated 1,800. This bond authorization combined with the $40,000 authorized in 1963 will be reduced by the expected receipt of Stabilization Funds from the two towns totalling $100,000. and the receipt from the Commonwealth of Massachusetts of a matching accelerated construction grant payment. Receipt of this payment is contingent upon the 1965 Annual Meetings appropriating the monies out of the respective Stabilization Funds.
1965 - As this report is being completed in early February, the final weeks of preparing the final plans and specifications are coming to a close. After the project is reestimated in late February, it is hoped that the pro- ject will be put out to bid in March, enabling the District to award a contract in April, with construction to begin shortly thereafter. This is contingent upon the receipt of construction bids falling within the appropriation and, as stated at Town Meeting, every effort will be made to complete the project without seeking a supplemental appro- priation.
Future - As part of the planning for the current addi- tion to the Regional High School, a Master Plan has been developed which will allow for the orderly expansion of the school to an estimated needed capacity of 3,000 pupils. The next addition to the school will be needed in 1971, with an appropriation for planning of $30,000 required in 1969 and
$2,000,000 for construction in 1970. Based on current pro- jections, Lincoln's share of these expenditures will be 25% , with planning costs completely reimbursable by the State. Future capital costs for schools at the high school level
are based on the assumption that the Regional School Dis- trict will continue as presently organized. A decision to dissolve the District at any time in the future would necessitate a complete revaluation of capital costs and no such decision should be made until all factors are weighed with extreme care.
8. STABILIZATION FUND
The monies in the Stabilization Fund as of December 31, 1964, together with the projects for which they are ear- marked appear in Table 4 under Item 7. This year there will be no request for an appropriation for land purchases ( see notes on Planning Board) , but $20,000.00 is recommended for future school construction and $10,000.00 for other capi- tal projects.
23
9. CONSERVATION FUND
The change in the amount recommended to be appro- priated for the Conservation Fund is described in the notes under Planning Board.
10. WATER DEPARTMENT
a . New Water Source,
The $30,000.00 recommended for 1965 is for acquisition of land for the new well site on Tower Road. An additional $30,000.00 is being requested next year for well construction, pump house and con- nections to existing water mains.
b. Water Main and Hydrant Replacement.
It is planned to replace old 4" mains on Winter Street, Old County Road and Weston Road with 8" mains at a cost of $43,000.00. There is a cash balance from bonds issued in 1964 of $25,000.00, leaving $18,000.00 to be raised by a new bond issue. The planned expenditure of $15,000.00 in 1966 is to by- pass the center and connect Sandy Pond Road to the school mains.
24
TABLE
TOWN OF LINCOLN 1964 Long-Term Capital Requirements Committee Report
TOTAL 1964 EXPENDITURES AND RECEIPTS - SUMMARY
RECEIPTS
1. 1964 taxes on property collected
in 1964
$1,036,231.76
2. Taxes on property levied in prior years and collected in 1964
19,127.46
3. Excise taxes collected in 1964 ( chiefly motor vehicles) 149,538.33
4. Receipts from Commonwealth of Mass. (other than items 5 & 6) 241,024.69
5. Chapter 90 Highway and Construction assistance from State & County 26,887.75
6. State School Building Assistance payments 60,615.84
7. Hanscom School Building operation for Air Force 383,610.57
8. Federal Receipts and Grants ( other than item 7) 63,712.63 65,086.65
9. Other current receipts
TOTAL RECEIPTS $2,045,835.68 (1)
(1) Excluding amounts borrowed in anticipation of 1964 taxes and amounts withheld from town employees' salary payments totalling $418,478.31.
10. Water Department Revenues including $100, 000 from serial loans $ 178,673.80
EXPENDITURES
11. Total 1964 Town Expenditures
12. Water Department Expenditures
$3,064,876.89 134,831.60
13. Total 1964 Town and Water Department Expenditures $3,199,708.49
14. 1964 Capital Expenditures ( see Table 2) 946,074.96
15. 1964 Current Expenditures (13 minus 14) but including payments on Town and District Debt $2,253,633.53 (2)
(2) Excluding payments of tax anticipation notes and Town employees' salary with- holdings totalling $394,861.89.
25
TABLE 4 TOWN OF LINCOLN 1964 Long-Term Capital Requirements Committee Report 1964 VITAL STATISTICS
1. Town Debt, December 31, 1964 Water Debt included in total
$ 1,641,500.00 130,000.00
2. Town Borrowing Capacity January 1, 1965
$ 421,626.00
3. Free Cash, January 1, 1965 $ 197,978.00
4. 1964 Assessed Valuations :
a. Real and Personal Property
b. Motor Vehicles
$13,934,980.00 $ 2,159,812.00
5. 1964 Tax Levies :
a . Real and Personal Property
$
1,072,993.00
b . Motor Vehicles $ 142,547.00
6. 1964 Tax Rates per $1,000 of Assessed Valuation :
a. Town of Lincoln - Real and Personal Property $ 77.00
b. Massachusetts Motor Vehicle Excise Rate. Ceiling of $66.00 placed on this rate in 1960 $
66.00
7 . Town Stabilization Fund, December 31, 1964:
a . Tentatively earmarked for future school construction $ 40,000.00
b. Tentatively earmarked for future land purchases
3,700.00
c. Tentatively earmarked for other capital expenditures
28,000.00
d. Unearmarked increment from income and gains 11,429.98
Stabilization Fund Balance $ 83,129.98
8. Town Conservation Fund, December 31, 1964 $ 1,720.27
26
TABLE 5 TOWN OF LINCOLN 1964 Long-Term Capital Requirements Committee Report
GENERAL STATISTICS - 1948 THROUGH 1964
Year
Real & Personal Property Assessed Value
Tax Rate
Year End Town Debt
Annual Debt Payments ( Principal )
Town Tax Levy
Population
New Housing Starts
Need help finding more records? Try our genealogical records directory which has more than 1 million sources to help you more easily locate the available records.