. Annual report on the statistics of municipal finances. rnment in relation to the total do not, with one ex-ception, appear to have varied materially for 1914 from the precedingyear, and the slight decrease indicated by the table in some cases is notto be regarded as significant, especially in view of the fact that the periodcovered by the figures of 1914 is, for certain towns, less than 12 monthsbecause of the closing of the fiscal year 1914 on December 31, in accord-ance with the statute. For this reason, therefore, the very markedincrease, not only in the actual expenditures for charity pu
. Annual report on the statistics of municipal finances. rnment in relation to the total do not, with one ex-ception, appear to have varied materially for 1914 from the precedingyear, and the slight decrease indicated by the table in some cases is notto be regarded as significant, especially in view of the fact that the periodcovered by the figures of 1914 is, for certain towns, less than 12 monthsbecause of the closing of the fiscal year 1914 on December 31, in accord-ance with the statute. For this reason, therefore, the very markedincrease, not only in the actual expenditures for charity purposes, but inthe relation which the same bear to the total cost of municipal govern-ment, is significant. It is due, of course, to two principal causes, — theindustrial depression which threw large numbers of persons out of em-ployment during the year 1914, necessitating increased expenditures byoverseers of the poor, and the first effects of the operation of the widowspension act, so called. MUNICIPAL EXPENDITURES 1908 1909 1910 1911 1912 1913 1914. GeQeral Goveronjeot o- PnotectioQ (b- Mealttj ajd Saijitatiorj -?(|>-Hi^bways ^ ^ LEGEND O Scljools csod Libraries •- d) RecreatioQ 4- -^- Cljarities Soldiers BeQefTts --0 Per)S*ior>s —o o c --d) Eoterprises • —4 Cenjefcenee —O Ir)terest, ^- Debt- ®- Uoclassifibd ?(§)- INTRODUCTION. IX The Debt outstanding municipal indebtedness of all the cities and towns inthe Commonwealth is shown comparatively by years (the year 1911 beingomitted for the reason that no separate compilation was made for thatyear), for 1910, 1912, 1913, and 1914 in the table following, the grossfunded or fixed debt being classified into four items, namely, general debt,public service enterprise debt, trust funds used, and cemetery debt: — Classification. 1910 1912 1913 1914 General debt, .... Public service enterprise debt, Trust funds used, . Cemetery debt, Total gross funded or fixed debt. Sinking funds deducted. Net funded or
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