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REPORT OF TOWN CLERK 39 twelve meetings. The Towri Accountant, who became a member of the Appropriation Committee with the adoption of the new By -Laws,- was elected Secretary at a salary of $300 per year. The Accountant has been of untold value in, supplying inform- ation and in preparing material for our consideration. It is the intention of the Committee to meet monthly to become more familiar with the actual operation of the town depart- ments. NEW DATE OF TAX BILLS 1)ue to a. new State Law, the tax bilis must be mailed before June 12th. This change makes it necessary for the town to vote all funds necessary of its operation during 1935 at the Dla.rch meeting. The only way that additional money can he made available will be through transfers either from the Ex- cess and Deficiency Account or from unused balances. No moneys can be transferred from the Excess a.n.d Deficiency Ac- count until the unpaid taxes are less than the cash available in the Excess €n cl Deficiency Account. On December 31st; 1934, there was $95.041.70 in the Excess and Deficiency Account. SALARY RESTORATION On January 31st, the Appropriation Committee called a joint meeting with the Board of Selectmen and the School Committee to discuss whether or not any recommendation should he made on salary restoration. It was agreed by all three committees to recommend to the Town Meeting that one- half of the reduction made in salaries in 1933 be restored start- ing July 1st, 1.935. This would arld to the expenditures for 1935 on the schools the amount of $1,095-.13 and on other town de- partments, 84,021.1.70. malting a total of $8,121.53. Figured on the basis of a whole year, this additional cost would amount to $18,024.91. RESERVE FUND The Appropriation Committee has found it necessary to transfer 11re following amounts from their Reserve Fund dur- ing 1934: Accounting Department $ 24.00 Police Department n2.97 Unclassified 9.37 Elections and Registrations 211.86 40 TOWN OF LEXINGTON Water Maintenance 833,39 Town Offices and Cary Memorial Building 600.00 Forest Fires 200.00 Sealer of Weights and Measures 15.00 Military Aid 10.00 Town Clerk's Department 30.93 Treasurer's Department 1.58 Highway Maintenance 155.82 New Town Seal 6.75 Assessor's Department 48,33 $2,500.00 APPROPRIATION COMMITTEE REPORT In response to a demand for more complete information on appropriations to be voted, the Committee has gone to the expense of making a more detailed report. The additional cost over the old form of report will be less than $100.00. TAX RATE The Appropriation Cornmit.tec feels that the tax rate for the year 1935 should not be increased over the rate for 1934 and on this basis submits the following computation on a val- uation estimated at $21,500,000.00. Revenue from tax rate of $33.00 per $1,000.00 $709,500.00 Poll Taxes estimated 6,800,00 Less: — Overlay for 1935 Taxes to State and County as estimated (except Metropolitan Water Tax) Add Estimated Receipts (Except Water De- partment) : $10,000.00 76,000.00 Income Tax $37,000.00 Corporation and Bank Taxes 8,000.00 Motor Vehicle Excise 18,000.00 Special Assessments 9,000.00 $716,300.00 86,000.00 $630,300.00