. Annual report on the statistics of municipal finances. his point in my last report, I said:It is to be hoped that this sudden jump in the rate of increase in in-debtedness, especially when it is seen to be so disproportionate with theincrease in assessed valuations for the same year, will prove, because ofcertain abnormal conditions operating in 1913 already alluded to, to betemporary. The abnormal conditions in question were (1) the situationexisting in the latter part of the year 1913, of which certain municipalitiesdoubtless took advantage by virtue of the fact that debt might still beinc
. Annual report on the statistics of municipal finances. his point in my last report, I said:It is to be hoped that this sudden jump in the rate of increase in in-debtedness, especially when it is seen to be so disproportionate with theincrease in assessed valuations for the same year, will prove, because ofcertain abnormal conditions operating in 1913 already alluded to, to betemporary. The abnormal conditions in question were (1) the situationexisting in the latter part of the year 1913, of which certain municipalitiesdoubtless took advantage by virtue of the fact that debt might still beincurred up to January 1, 1914, under the provisions of the old municipalindebtedness acts and before the new and more stringent general statutetook eifect, and (2) the incurrence of exceptionally large indebtednessduring 1913 by certain municipalities for improvements of an extraordi- DEBT STUDIES DEBT VALUATION Based on-the RetUKlns of the Cities and Towns oF over 5ooo [nhabitants Ratio of Net. Funded orFTxed Debt to Assessed Valuation\% Z% ^>% 4% 5%. i9oa 1909 1910 igii^ 1812 1313 1914 Actual Net Funded or Fixed Debt and Aasessed Valuation1,000,000,000 Z,000,000,000 , 4, ^W///////////////:m///////m m////////;///////////w/m/m/mm m////m77m77m//m///////m77m m////////m///////m7//////////m7Mm m////m777mmw/my/////7///^7mMM W////////W/////////^ m/m/m///////////////M////////////M///m^^^^^ Yearly Increas e of Net Funded or Fixed Debt and Aseessed Valuation1% £% «3% A% 5% I908|PP^PP ? W////^/////// W//////M ??i y/////////////. 7////////M 7/////k Wm^ W//////////A ////////////// //////A 1911 HWRRSP fflfff W7////////// /////////////} W/////////A H|^^H I 1313 IIII^IWP w////m 1 1914-P^WP^IP_, Jll///////////i ////////////// INTRODUCTION. xui nary character. It is accordingly of reassuring significance to note thatthe hope expressed in the quotation from my report of a year ago hasbeen fulfilled, for while there was an increase of assessed valuations in 1914 over 191
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