Town of Wilmington Annual Report 1960-1961, Part 11

Author: Wilmington (Mass.)
Publication date: 1960
Publisher: Town of Wilmington
Number of Pages: 290


USA > Massachusetts > Middlesex County > Wilmington > Town of Wilmington Annual Report 1960-1961 > Part 11


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Mr. Beers read a report from the Planning Board outlining the reasons the board approved the proposal and urging the Town to vote in favor of this article. Report filed with Town Clerk. After a lengthy discussion the question was called for. Voted to close debate - Yes, 471, No - 20. Mr. Cutter read the Main motion and the motion was lost - Yes 279, No 274. A two-thirds vote was required.


Article 7: To see if the Town will vote to repeal the present building by-laws of the Town and adopt instead thereof the proposed new building by-laws as set forth in the report of the building by-law committee, a copy of which report is annexed to this warrant, and copies of which are also on file and available for in- spection in the office of the Town Clerk, or do anything in relation thereto. Request of the Building By-law Committee.


Mr. DeFelice moved that the meeting adjourn to one week from tonight at 8. 00 P. M. in this hall at which time Article #7 would be taken up for action thereon. Mr. Belbin moved that the motion be amended to read that the meeting adjourn to the 3rd Monday in January. Voice vote was taken and the moderator declared it a vote. Seven people rose to question the vote. Standing vote then taken on the amendment. Yes - 106, No - 128. Motion to amend Lost. Vote on the Main motion declared unanimous.


Meeting declared adjourned at 11. 00 P. M. Six hundred and twenty-seven (627) voters were checked on the voting list.


A true copy: Attest:


(Mrs. ) Esther L. Russell Town Clerk


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"Wilmington Memorial Library Wilmington, Muss.


ADJOURNED SPECIAL TOWN MEETING - December 5, 1960 WITH ACTION TAKEN THEREON


Called in accordance with the motion to adjourn in the Special Town Meeting of November 28, 1960.


At 8. 25 P. M. there were one hundred thirteen (113) voters present. Mr. Cutter, moderator, informed those present that they could wait for a quorum (one hundred fifty voters) or move to adjourn.


Motion: To postpone until next Annual Town Meeting.


Mr. Cutter explained that this meant that this article would have to be the first article in the Warrant. Mr. DeFelice said that this probably would carry the meeting into three days. Motion was withdrawn.


Several other motions were made but the moderator said they were not in order; only a motion to adjourn could be voted on without a quorum.


Motion to adjourn indefinitely was offered. Motion to amend by striking out the word indefinitely LOST by a voice vote. Main motion to adjourn indefinitely was voted by voice.


Meeting adjourned at 8. 40 P. M.


A true copy: Attest:


(Mrs. ) Esther L. Russell Town Clerk


116


WARRANT


ANNUAL TOWN MEETING


TO: Either of the Constables of the Town of Wilmington:


GREETINGS: In the name of the Commonwealth of Massachusetts and in the manner prescribed in the By- laws of said Town, you are hereby directed to notify and warn the inhabitants of the Town qualified to vote in Town affairs to meet and assemble at the


HIGH SCHOOL CAFETERIA Saturday, the 4th Day of March, A. D. 1961


at 9. 45 o'clock in the forenoon, the polls to be opened at 10. 00 A. M. and shall be closed at 8. 00 P. M., for the election of Town Offices:


ARTICLE 1: One Selectmen for the term of three years; One Selectman for the term of one year (to fill an unexpired term); Two Members of the School Committee for the term of three years; One Mederator for the term of one year; One Member of the Wilmington Housing Authority for the term of five years; One Member of the Wilmington Housing Authority for the term of two years (to fill an unexpired term).


You are also hereby further required and directed to notify and warn the said inhabitants of the Town of Wilmington who are qualified to vote on elections and town affairs therein to assemble subsequently and meet in Town Meeting at the High School Gymnasium, Church Street, in said Town of Wilmington


on Saturday, the 11th Day of March, A. D. 1961


at 1. 30 P. M. , then and there to act on the Following Articles:


ARTICLE 2: To hear the reports of Committees and act thereon.


ARTICLE 3: To see if the Town will vote to authorize the Town Treasurer, with the approval of the Select - men, to borrow money from time to time in anticipation of the revenue of the financial year, beginning January 1, 1962 and to issue notes therefor payable within one year, all in accordance with Sections 4 and 17, Chapter 44, of the General Laws.


ARTICLE 4: To see how much money the Town will appropriate for the expenses of the Town and salaries of the several Town Offices, and Departments, and determine how the same shall be raised, whether by taxation, transfer from available funds, or otherwise, or do anything in relation thereto.


ARTICLE 5: To see if the Town will vote to raise and appropriate the sum of One Thousand Dollars ($1000) for the observance of Memorial Day and that the Moderator appoint a Committee who shall arrange and have charge of such observance, or do anything in relation thereto.


ARTICLE 6: To see if the Town will vote to raise and appropriate the sum of Seven Hundred Fifty Dollars ($750. 00) for the purpose of renewing under authority of Section 9 of Chapter 40 of the General Laws as amended, the lease of the American Legion Clubhouse, Inc., in Wilmington for the purpose of providing suitable headquarters for the Wilmington Post No. 136 of the American Legion, or do anything in relation thereto.


ARTICLE 7: To see if the Town will vote to raise and appropriate the sum of Seven Hundred Fifty Dollars ($750. 00) for the purpose of renewing under authority of Section 9 of Chapter 40 of the General Laws as amended, the lease of the Veterans of Foreign Wars Clubhouse on Main Street for the purpose of providing


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ARTICLE 7 (continued):


suitable headquarters for the Nee-Ellsworth Post 2458 of the Veterans of Foreign Wars of the United States, or do anything in relation thereto.


ARTICLE 8: To see if the Town will vote to raise and appropriate a sum of money under the authority of Section 9 of Chapter 40 of the General Laws, as amended, for the purpose of providing suitable quarters for the William F. Tattersall Chapter No. 106, Disabled American Veterans, located in Wilmington, Mass., or do anything in relation thereto.


ARTICLE 9: To see if the Town will vote to raise and appropriate the sum of One Hundred Dollars ($100. 00) the money to be expended under the direction of the 4-H Town Committee, serving in cooperation with the Middlesex County Extension Service, under the provisions of Sections 40 to 45, Chapter 128, General Laws of Massachusetts, or do anything in relation thereto.


ARTICLE 10: To see how much money the Town will vote to raise by taxation, or transfer from available funds and appropriate for the purchase of two vehicles for the use of the Police Department, and authorize the sale or turn-in of the two present vehicles used by the Police Department, or do anything in relation thereto. Request of the Town Manager.


ARTICLE 11: To see how much money the Town will vote to raise by taxation, or transfer from available funds and appropriate for the purchase of a truck for the use of the Highway Department and authorize the sale or turn-in of a truck presently used by the Highway Department, or do anything in relation thereto. Request of the Town Manager.


ARTICLE 12: To see if the Town will vote to raise and appropriate a sum of money for the purpose of laying water mains of not less than 6 inches, but less than 16 inches in diameter on specified streets in accordance with the recommendations of the Board of Water Commissioners acting under the provisions of Chapter 332, Acts of 1955, and determine how the appropriation shall be raised, whether by taxation, by transfer from available funds, by borrowing, or otherwise, or do anything in relation thereto. Request of the Board of Water Commissioners.


ARTICLE 13: To see if the Town will vote to raise by taxation, or transfer from available funds, and appropriate a sum of money for the purpose of paying unpaid bills of previous years, or do anything in relatic thereto. Request of the Town Manager.


ARTICLE 14: To see if the Town will vote to raise by taxation or transfer from available funds a sum of money not to exceed Three Thousand Five Hundred Dollars ($3, 500. 00) and appropriate the sum for hot topping Avenues in Wildwood Cemetery as far as the money will permit, or take any action in relation theret( Request of the Cemetery Commissioners.


ARTICLE 15: To see how much money the Town will vote to raise by taxation or transfer from available funds for the purchase of a lawn mower for the use of the Cemetery Department, or do anything in relation thereto. Request of the Cemetery Commissioners.


ARTICLE 16: To see if the Town will vote to accept as a public way the layout of Marcia Road as approved by the Planning Board and made by the Selectmen under the provisions of law relating to the assessment of Betterments, which layout is filed in the office of the Town Clerk, and which, with plans therein mentioned is hereby referred to for more particular description; and to authorize the Board of Selectmen to take by the right of Eminent Domain such land, slope and drainage or other easements as may be necessary to effect the purpose of this article, and to determine how an appropriation shall be raised, whether by taxation or by transfer from available funds, by borrowing, or otherwise, for the purpose of constructing said way and for the payment of any damages resulting from the taking of land and slope easements and other easements therefor, or do anything in relation thereto. Request of the Board of Selectmen.


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ARTICLE 17: To see if the Town will vote to accept the Extension of Carson Avenue as a public town way as laid out by the Board of Selectmen and approved by the Planning Board according to a plan filed with the office of the Town Clerk, or do anything in relation thereto. Request of the Board of Selectmen.


ARTICLE 18: To see if the Town will vote to accept Marie Drive as a public town way as laid out by the Board of Selectmen and approved by the Planning Board according to a plan filed with the office of the Town Clerk, or do anything in relation thereto. Request of the Board of Selectmen.


ARTICLE 19: To see if the Town will vote to accept Thrush Road as a public town way as laid out by the Board of Selectmen and approved by the Planning Board according to a plan filed with the office of the Town Clerk, or do anything in relation thereto. Request of the Board of Selectmen.


ARTICLE 20: To see how much money the Town will vote to raise by taxation, or transfer from available funds and appropriate for the purpose of laying a sewer main from the Woburn Street Sewer to the M. D. C. trunk line or do anything in relation thereto. Request of the Town Manager.


ARTICLE 21: To see how much money the Town will vote to raise by taxation, or transfer from available funds and appropriate for the purchase of a front-end loader and back-hoe for the use of the Water Depart- ment, or do anything in relation thereto. Request of the Board of Selectmen and Town Manager.


ARTICLE 22: To see if the Town will vote to raise by taxation or transfer from available funds a sum of money not to exceed Three Thousand Five Hundred Dollars ($3, 500. 00) and appropriate the sum for hot topping around the Police Station or take any action in relation thereto. Request of the Police Chief.


ARTICLE 23: To see how much money the Town will vote to raise by taxation, or transfer from available funds and appropriate for the purpose of installing a drainage system on Powder House Circle, or do any- thing in relation thereto. Request of the Board of Selectmen and Town Manager.


ARTICLE 24: To see if the Town will vote to raise and appropriate a sum of money for the improvement, development and maintenance of the Ipswich River (Chapter 91 Project) or take any action in relation there - to. Request of the Board of Selectmen and Town Manager.


ARTICLE 25: To see if the Town will vote to amend the By-laws of the Town of Wilmington by adding a section as follows: "Chapter III-Section 22 - Whenever any Board, Commission, Committee or Town Officer shall officially advertise in any publication, a copy of said advertisement shall appear in a newspaper pub- lished and sold in the Town of Wilmington, if any, otherwise in a newspaper published and sold in the County of Middlesex. " Request of Larz Neilson and others.


ARTICLE 26: To see if the Town will vote to establish an additional voting precinct within the Town of Wilmington, bounded and described as follows: Beginning at the junction of the Wilmington, Tewksbury and Billerica Town lines, southerly by the Billerica line to Aldrich Road; easterly from the Billerica line, including both sides of Aldrich Road, to Shawsheen Avenue; thence southeasterly on Shawsheen Avenue, in- cluding both sides of the avenue, to Bridge Lane; thence easterly on Bridge Lane, including both sides of the lane, across Main Street to the junction of Glen Road and the so-called "Wildcat" railroad tracks; north- easterly and parallel with the railroad tracks to the junction of the Town lines of Andover, Wilmington and Tewksbury, and then southwesterly along the Tweksbury line to the point of beginning, or do anything in relation thereto, " Request of Edward J. Sullivan and others.


Hereof fail not and make due return of this Warrant, or a certified copy thereof, with your doings thereon, to the Town Clerk, as soon as may be and before said meeting.


GIVEN UNDER OUR HANDS AND SEAL OF SAID TOWN this DAY OF FEBRUARY, A. D. ONE THOUSAND NINE HUNDRED AND SIXTY -ONE.


Selectmen of the Town of Wilmington


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TOWN ACCOUNTANT


ANALYSIS OF THE CASH ACCOUNT - for the year ending December 31, 1960


RECEIPTS FOR THE YEAR 1960


Balance as at January 1, 1960


Add: Cash Receipts January 1 through December 31, 1960


4, 671, 733. 61


Deduct: Cash Expenditures during year 1960


4,332,992. 49


Balance On Hand as at December 31, 1960 = Carried forward to 1961


338,741. 12


ANALYSIS OF CASH RECEIVED


TAXES


Tax Collections:


Prior years' levy: Poll


144. 00


Personal Property


4,510. 57


Real Estate


70,294. 23


74,948.80


Current year's levy:


Poll


5,576.00


Personal Property


62,894. 80


Real Estate


1,422, 731. 15


Farm Excise


195. 78


1,491,397. 73


Tax Titles Redeemed


Payments in Lieu of Taxes


Water Liens Added to Taxes


5,710.57


Street Assessment Added to Tax Bills


1,968.82


Water Assessments Added to Tax Bills


6, 173. 88


Apportioned Street Betterments Paid in Advance


1,654. 41


Apportioned Water Betterments Paid in Advance


2,430.76


Committed Interest - Paid in Advance


113. 66


Refund Checks Returned/Taxpayers


8.04


GRANTS AND GIFTS


Federal Grants:


Charities


Aid to Dependent Children, Aid


18,193. 63


Aid to Dependent Children, Adm.


2,976. 91


21,170. 54


Old Age Assistance, Assist.


45,603. 38


Old Age Assistance, Admin.


4,645. 57


50,248.95


Disability Assistance, Assist.


3,446. 00


Disability Assistance, Admin. 422. 99


3,868.99


75,288. 48


Schools


Smith-Hughes & Geo. Barden Account


137. 00


Public Law 874


20,263. 75


National Defense Education Act 85/864


1,301. 37


21,702. 12


Public Grants


Construction Grants-in-Aid (Highways)


Comm. of Mass. Chap. 81 & 90


26,666. 07


Middlesex County Treas. Chap. 90


3,425. 61


30,091.68


127,082. 28


443,778. 80 4,227,954. 81


1, 566, 346. 53 12,365. 42 66. 96


120


RECEIPTS AVAILABLE FOR APPROPRIATION - BUT NOT APPROPRIATED


Repayments, Middlesex County Dog Officer


1,997.47


Accrued Interest - Sale of Bonds


1,142. 75


Premium Sale of Bonds


3,008.00


Water Guaranteed Deposits


24,552. 20


Refunds from Appropriation


1,933. 10


Recoveries O. A. A. Lien Law


1,661.46


Water Department:


Water Rates


107,664. 54


Water Services


10,201.60


Water Betterments


2,585.80


154, 746. 92


AMOUNTS BORROWED


Short Term:


To pay expenditures of Town Depts. until taxes are collected


780,000.00


To carry on Chap. 81 & 90 work until State &


County reimbur sements are received 38,700.00


Temporary Loans in Anticipation of Serial Issue


200,000.00


1,018,700.00


Long Term:


Proceeds from sale of bonds -


Boutwell Street School Bonds


400,000.00


Street Betterment Bonds


13,000.00


1,431,700.00


AGENCY AND TRUST FUNDS


Federal Withholding Taxes Deducted


158,440. 81


State Withholding Taxes Deducted


11,804. 71


Retirement System Deductions


26,299. 27


Blue Cross/Shield Deductions


10,682. 85


Group Life Insurance Deductions


3,762. 04


U. S. Savings Bonds Deducted


337. 50


Dog Licenses, Collected for Middlesex Cty. Dog Officer


2,437. 25


Fish & Game Licenses, Collected for Dept. of Conservation


2,342. 50


Cemetery Trust Funds


400.00


216, 506. 93


RECEIPTS RESERVED FOR APPROPRIATION - RESTRICTED USES


Sale of Cemetery Lots Fund


3,115. 00


Refunds from Previous Years' Appropriations


278. 61


3,393. 61


REVOLVING FUNDS


94,371. 43


School Lunch Program High School Athletic Association


5,781.50


100,152.93


East Wilmington Improvement Association/Library Fund


3,820.00


Wilmington Memorial Library Wilmington, Mas;


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ESTIMATED RECEIPTS


Income Taxes: Schools G/L Chap. 70 Income State Allocation


145,392. 63 18,824. 09


Corporation Taxes


22,005.95


Motor Vehicle Excise Collections: Prior Years' Levy Current Year's Levy


43,769. 10 115, 758. 26


159,527. 36


Licenses, Liquor


4,000. 00


Interest and Costs:


Tax Titles Redeemed


1,410. 28


Tax Collections


5,371.33


Accrued Interest/Street Loans


18. 33


6,799.94


General Government:


Selectmen's Receipts


743. 61


Town Collector's Receipts, Miscellaneous


1,357.25


Town Clerk's Receipts


3,006. 67


Planning Board


27. 50


5,135.03


Protection of Persons and Property:


Building Inspector:


Building Permits


1,118.00


Plumbing Permits


956. 00


Wire Permits


1,830.85


3,904. 85


Sealer of Weights & Measures


123. 25


Police Department


268.00


4,296. 10


Public Works:


Town Engineer


39.00


Snow & Ice Removal/State


126. 25


Highway Miscellaneous


305.00


Cemetery Department


3,709.50


4,179. 75


Board of Health:


Sanitarian's Licenses & Permits


816. 00


Public Health Nurse's Receipts


420.00


Clinics


1,825. 25


3,061. 25


Charities & Soldiers Benefits:


General Relief


2,053.52


Disability Assistance


6,687.58


Old Age Assistance


37,877. 71


Aid to Dependent Children


9,441.26


56,060.07


Veterans Benefits


8,713.26


Welfare Dept. /Office Space Rent


369. 66


Disability Assist. Admin. /State Treas. Reimb.


1,676. 44


66,819. 43


Schools & Libraries:


School Construction Reimbur sements


52,191. 34


School Transportation Reimbur sements


26,782. 50


Vocational Training Reimbur sements/State


3,814. 60


Miscellaneous High School Receipts


867. 42


Adult Evening School Tuition


2,612.80


Division of Child Guardianship


29,334. 13


115,602. 79


Public Library Receipts


913.90


Miscellaneous Receipts:


Meal Tax/State Treasurer


2,734. 03


4th District Court Fines


90.00


Insurance Dividends & Reimbur sements


2,695.80


Various Miscellaneous Receipts


7,408.90


State Withholding Tax Earnings, Employer


89. 17


Legal Settlements


632. 97


Sewer Mains Reimbur sements


27,504.00


41,154. 87


4, 227, 954. 81


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ANALYSIS OF THE MATURING DEBT


INSIDE DEBT LIMIT :


Balances as at 1/1/60


Added during 1960


Paid off during 1960


Balances as at 12/31/60


High School Loan Act 321/47 $265,000. 00


$ 130,000


$15,000


$ 115,000


Elementary School Loan, Wildwood


School, G. L. Sec. 10 Chap. 44 $512,000.00


350,000


25,000


325,000


Fire/Police Station Loan


G. L. Sec. 10 Chap. 44 $60,000. 00


30,000


5,000


25,000


Public Sewer Mains, G. L. Sec. 10 Chap. 44, $106,000.00


91,000


15,000


76,000


Street Const. Bonds (1956) G. L.


Sec. 10 Chap. 44, $30,000.00


14,000


7,000


7,000


Street Const. Bonds (1958) G. L. Sec. 10 Chap. 44, ($60,000 Street Const. Loan (1960) G. L.


54,000


6,000


48,000


Sec. 10 Chap. 44, $13,000


13,000


13,000


Public Works Bldg. & Police Sta. Bonds, G. L. Sec. 10 Chap. 44 $140,000.00


140,000


14,000


126,000


809,000


13,000


87,000


735,000


OUTSIDE DEBT LIMIT:


High School Loan, Acts 321/47 $200,000


110,000


10,000


100,000


Addition & Alteration Jr. /Sr.


High School Acts 645/48


$1,375,000


1,115,000


80,000


1,035,000


Addition & Alteration Jr. /Sr.


High School Acts 645/48 $400,000.00


380,000


20,000


360,000


Glen Road School Bonds


Acts 645/48 - $450,000.00


425,000


25,000


400,000


Boutwell St. School Acts 645/48 $400,000. 00


400,000


400,000


First Water Main Extension


Sec. 8 Chap. 44, $75,000.00


10,000


5,000


5,000


Water Bonds, New Well Field


Sec. 8 Chap. 44, $60,000. 00


35,000


5,000


30,000


Water Meters, Improving Existing System & Betterments, Sec. 8 Chap. 44, $145,000


107,000


18,000


89,000


Water Standpipe Bonds Sec. 8


Chap. 44, $152,000.00


140,000


10,000


130,000


Water Main Bonds (1957) Sec. 8 Chap. 44, $35,000.00


30,000


5,000


25,000


Water Main Bonds (1958) Sec. 8 Chap. 44, $50,000.00


46,000


4,000


42,000


2,398,000


400,000


182,000


2,616,000


COMBINED TOTALS


$3,207,000


$413,000


$269,000


$3,351,000


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SCHEDULE OF SHORT TERM LOANS


Balance as at 1/1/60


Added during 1960


Paid off during 1960


Balances as at 12/31/60


Temporary Loans in Anticipation of Tax Collections


780,000.00


780,000.00


Temporary Loans in Anticipation of Reimbursement (Highways)


25,525.00


38,000.00


25,525.00


38,000.00


Temporary Loans in Anticipation of Serial Issues /Bonds


200,000.00


200,000.00


TOTALS


25,525.00


1,018,000.00


1,005,525.00


38,000.00


COMPARISON OF ESTIMATED RECEIPTS USED BY THE ASSESSORS IN SETTING THE 1960 TAX RATE WITH THE ACTUAL RECEIPTS OF THE YEAR - 12/31/60


Used by the Assessors on the 1960 Rate


Actual 1960 Receipts


Receipts more than Estimated


Receipts less than Estimated


Income Tax


155,531.48


164,216. 72


8,685. 24


Corporation Tax


18,655.95


22,005.95


3,350.00


Reimbursements Publicly Owned Land


66. 96


66.96


Old Age Tax (Meals)


2,726. 58


2,734. 03


7. 45


Motor Vehicle Excise Tax


136, 342. 87


152,637.06


16,294. 19


Licenses


4,000.00


4,000.00


Special Assessments


3,300.00


3,638. 18


338. 18


General Government


5,090.00


5,135.03


45. 03


Protection of Persons & Property


5,217.00


4,296. 10


920.90


Health & Sanitation


2,070.00


3,061.25


991.25


Charities (Other than Grants)


16,878.00


19,858.80


2,980.80


Old Age Assistance (Other than Federal Grants)


39,509.00


37,877. 71


1,631.29


Veterans Services


8,460.00


8,713.26


253. 26


Schools (Income Tax not to be included)


45,185.00


63,411. 45


18,226. 45


Libraries


653.00


913.90


260. 90


Cemeteries


3,219.00


3,709.50


490. 50


Interests


5,632.00


6, 799.94


1,167.94


State Assistance/School Construction Proj. 77, 176. 49


52,191. 34


24,985. 15


Farm Animal Excise Tax


240.00


195. 78


44. 22


Unclassified


2,282.00


7,625.90


5,343.90


Sewer Bonds & Interest Reimb.


27,504.00


27,504.00


TOTALS


559,739. 33


592,595.52


58,435.09


27,581.56


Are


%


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ANALYSIS OF FEDERAL GRANTS


Charities:


Balances as at 1/1/60


Grants Received in 1960


Expenditures during 1960


Balances as at 12/31/60


Aid to Dependent Children, Aid


3,141.21


18,193. 63


10,523.37


10,811. 47


Aid to Dependent Children, Admin.


244. 50


2,976. 91


2,939.36


282. 05


3,385. 71


21,170. 54


13,462. 73


11,093.52


Old Age Assistance, Aid


4,696. 42


50,052.75


53,043. 27


1,705. 90


Old Age Assistance, Admin.


6,004. 81


4,645. 57


5,456. 05


5,194. 33


10,701.23


54,698. 32


58,499. 32


6,900.23


Disability Assistance, Aid


-1,880. 13


3,446.00


2,090.55


- 524. 68


Disability Assistance, Admin.


136. 36


422. 99


559. 35


-1,743. 77


3,868.99


2,090.55


34. 67


12,343. 17


79,737. 85


74,052. 60


18,028.42


Schools:


Smith-Hughes, George Barden Fund


356. 09


137.00


356. 09


137.00


Special School Acct. P/L #874


11,431.25


20,263. 75


26,856. 62


4,838. 38


National Defense Education P/L #85/864


3,920.90


1,301.37


4,748. 46


473. 81


15, 708.24


21,702. 12


31,961. 17


5,449. 19


ANALYSIS OF THE BORROWING CAPACITY Town of Wilmington, Mass. - Year 1960


(BORROWING CAPACITY (Chapter 44, Sec. 10 G/L)


Valuations


Abatements


Net Valuations


1960 Property Valuations


25,377,090


968,263


24,408,827


1960 Motor Vehicle Excise


2,565,620


149,460


2,416, 160


1959 Property Valuations


23,871,152


759,409


23,111,743


1959 Motor Vehicle Excise


2,188,550


108,450


2,080,100


1958 Property Valuations


19,246, 445


777, 347


18,469,098


1958 Motor Vehicle Excise


2,450,391


250,064


2,200,327


75,699,248


3,012,993


72, 686, 255


Average Valuations (3 years) 5% Legal Borrowing Capacity


24,228, 753


1,211,438


FUNDED DEBT


General, Inside Debt Limit


735,000


General, Outside Debt Limit


2,295,000


Enterprise, Water, G/L


321,000


3,351,000


AVAILABLE BORROWING CAPACITY 1/1/61


$476, 438


Requirement Chapter 44, Sec. 7 (25$ - $1, 000 Valuation)


$6,344. 27


125


TOWN OF WILMINGTON, MASSACHUSETTS REPORT OF EXPENDITURES AGAINST APPROPRIATION AND HIGHWAY GRANTS-IN-AID FOR THE YEAR ENDING DECEMBER 31, 1960


TITLE OF APPROPRIATIONS


Annual Town Meeting Appropriated & Others


Prior Bal. Transfers


Amounts Available for Expenditure


Expended during 1960


Balances as at 12/31/60


Balances to Revenue 1960


Over-


Bal. Avail. for Expend. 1961


GENERAL GOVERNMENT:


Selectmen, Board of


2,900.00


2,900.00


2,544. 21


355. 79


199.88


155. 91


Elections


1,800.00


b. 750.00


2,550.00


2,839. 31


289. 31


309. 44


- 598. 75


Registrars of Voters


2,700.00


b. 300.00


3,000.00




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