Annual report on the statistics of municipal finances . ould be grossly unfair to the municipalities of the Common-wealth as a whole to intimate that this marked increase in the growthof debt in 1913 was due to the reason just suggested; for while it wasdoubtless a contributing factor, it is not difficult to find causes in indi-vidual cities for extraordinary increases in the local debt burden which,while throwing the percentage of municipal debt increase for the Com- DEBT STUDIES DEBT VALUATION Based on the Returns of the Cities and Towns of over 5ooo Inhabitant; Ratio of Net Funded orFTxed D
Annual report on the statistics of municipal finances . ould be grossly unfair to the municipalities of the Common-wealth as a whole to intimate that this marked increase in the growthof debt in 1913 was due to the reason just suggested; for while it wasdoubtless a contributing factor, it is not difficult to find causes in indi-vidual cities for extraordinary increases in the local debt burden which,while throwing the percentage of municipal debt increase for the Com- DEBT STUDIES DEBT VALUATION Based on the Returns of the Cities and Towns of over 5ooo Inhabitant; Ratio of Net Funded orFTxed Debt to Assessed Valuation Actual Net Funded or Fixed Debt and Assessed Valuation 1,000,000,000 £,000,000,000 (5,000, 4,000,000,000 1907 m///////////m///////////////////////mm i9oa m////////m/////////////////////////m7m 1909 m//////////////////77w/m///////mvMA 1910 1912 1313 m//////////////////////////////////////m^^^ m////////m///////////m////////////m//m^^^^ Yearly Increase of Net Funded or Fixed Debt and Assessed ValuationI % £% v5% A% 5 %.. ^ WMMMMA mMMMMM m/////////////////////// w///mm///////////)i////////////m///M^^^^ INTRODUCTION. xi monwealth apparently quite out of proportion, may be entirely satis-factory to the citizens of these cities. It is not improbable that the abnormal conditions in 1913 just referredto may have created a situation which will offset for a few years thediminution in the debt and interest burden which would otherwise havebeen promptly promoted by the operation of a statute which is nowforcing provision to be made in the tax levy for all current expenses andhas virtually put a stop to the practice formerly so common of incurringfunded or fixed debt for that purpose. The following table and the chart on debt studies show the rate ofgrowth by amounts and percentages in assessed valuation and net fundedor fixed debt for the period 1907-1913, and also the ratio between thetwo for each year. It appears that the increase in the debt between1912
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Keywords: ., boo, bookcentury1900, bookdecade1900, booksubjectmunicipalfinance
