Annual report on the statistics of municipal finances . as are enjoyed by towns. Thepassage of this act will eliminate the frequent appeals to the Legislaturefor authority to incur debts for permanent improvements which areabsolutely necessary for efiicient service, but the entire cost of which,if included in a single years tax levy, would be more of a burden than thetaxpayer ought to be required to bear. To meet the frequent demands made by investors in municipal securi-ties for information relative to the financial condition of the towns, I havehad prepared special schedules on which data ha
Annual report on the statistics of municipal finances . as are enjoyed by towns. Thepassage of this act will eliminate the frequent appeals to the Legislaturefor authority to incur debts for permanent improvements which areabsolutely necessary for efiicient service, but the entire cost of which,if included in a single years tax levy, would be more of a burden than thetaxpayer ought to be required to bear. To meet the frequent demands made by investors in municipal securi-ties for information relative to the financial condition of the towns, I havehad prepared special schedules on which data have been obtained fromthe proper officials relative to assessed valuations, outstanding indebted-ness, and authorized indebtedness. From these data reference cards are made which make available information which is of the utmost value tothis office in determining the legality of notes, as well as to investorsand to the public in general. The number of notes annually certified by the Director of the Bureau CERTIFICATION OF NOTES BY MONTHS 1911-1915 1912. INTRODUCTION. Xlll of Statistics under the provisions of Chapter 616, Acts of 1910 and theamount of loans represented by such notes, will be seen from the follow-ing table and from the chart showing the certification of notes: Yeaes. Revenue and OtherTemporary Loans General Loans Total Number Amount Number Amount Number Amount 1911 1912, . . 1913, 1914, 1915,1 . ... 9831,0931,2411,4111,328 S8,974,,438,,958,,780,,403, 433 831 1,095 1,290 809 §737,,093,,727,,779,, 1,4161,9242,3362,7012,137 ?9,711,,532,,685,,560,,370, > To September 29, inclusive. These figures prove conclusively the popularity of the town and dis-trict note certification acts, for while revenue loans can be issued onlyupon notes, other debts may be incurred by issuing either notes or bonds;nevertheless, the table clearly shows that the increase in the
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Keywords: ., boo, bookcentury1900, bookdecade1900, booksubjectmunicipalfinance
