1935-Annual Report - Laserfiche WebLink

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REPORT OF' TOWN CLERK Schools 20,000.00 Interest on Taxes 10,000.00 Charities 11,000.00 Other Estimated Receipts 12,000.00 41 125,000.00 Net Estimated Revenue $755,300.00 Appropriations as approved 753,527.51 In estimating taxes to State and County the Appropria- tion Committee has added approximately $6,000.00 to the item for State Tax, this being in accordance with preliminary es- timates from the office of the Commissioner of Corporations and Taxation. Also the Appropriation Committee has reduced estimated revenue from Income and Corporation Taxes approx- imately $5,000.00 in accordance with a preliminary estimate from the same office. MATURING DEBT For the information of the taxpayers, we are listing below the amount of bonded debt clue for payment in the next five years: 1936 1937 1935 1939 1940 $114,000.00 102,000.00 93,000.00 91,500.00 63,500.00 RECOMMENDATIONS ON ARTICLES IN TOWN MEETING WARRANT Article 2. To receive the report of any Board of Town Officers or of any Committee of the Town, and to appoint other Committees. The Appropriation. Committee makes no recomvm.en.da- tion under this .4rticic. Article 3. To choose such Town Officers as are required by law and are usually chosen by nomination. The Appropriation Committee makes no reeomnr,enda- tion under this Article. 42 TOWN OF' LEXINGTON Article 4. To see if the Town will vote to authorize the Town Treasurer, with the approval of the Selectmen, to borrow money from time to time in nuticipation of the revenue of the financial year beginning .January 1, 193G, and to issue a note or notes therefor, payable within one year, and to renew any note or notes as may be given for a period of less than one year in accordance with Section 17, Chapter 44, General Laws. The Apprr-opri.ation Committee recommends favorable action. Article 5. To see if the Town will vote to authorize the Treasurer, with the approval of the Selectmen, to extend as much as is necessary of' the revenue loans of 1935 for a pe- riod not to exceed six months beyond the maximum term pro- vided by law for an original revenue loan, under authority of and in accordance with the provisions of Chapter 3 of the Acts of 1933, or lake any action relative thereto. The Appropriation Committee recommends favorable action. Article G. To see if the Town will vote to authorize the Town Treasurer, with the approval of the Selectmen, to refund any or all of the revenue notes issued in anticipation of the rev- enue of the year 1935, in accordance with the provisions of Section 17, Chapter 44, General Laws; any debt so incurred to be paid from the revenue of the year 1935. The Appropriation Committee recommends favorable action. Article 7. To see if the '.l'own will stake the usual appro- priations for Town expenses for the ensuing year, or act in any manner relating thereto. The Appropriation Committee makes the following recommendations under /his Article: Appropriation Committee 1YI.1 I Baa 1935 Expended Requested Approved Expenses $ 125.00 $ 550.00 $ 550.00 The increase in this account is due to the addition of the Town Accountant to the Appropriation Commit- tee as a permanent secretary at an annual salary of $300.00. The new type of Appropriation Committee report accounts for approximately rimately $i 35.00.