Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-03-20

The harvest j. a relative reduction in
the balance against the city of $50. Si0.Si.
The city council directed the auditor to
eliminate from hiS accounts the taxes Of
lS~5 to 1892 inclusive, amounting to $2l,
721.59 The resources as they will he
stated in his report will be 2l,727.59 less
than stated above. or $55,5%i.54 and the
balance against the city will appear a.
500 927.Gi instead Of $3oN, 20o.05, the differ
ence being exactly the worthless taxes
dropped from the statement.
| have shown a. harvest. relative
gain Of 81. Si0.A.
BY referring to the auditors monthly
statement for the l. months ending Feb.
- il will be seen the balance of the eX-
pensc account is $l1 ,.9n>L Ana he gives
reduction Of debt. $500. which is com
posed Of expense account carried to the
sinking fund. 5000 and the appropriation
to pay maturing bonds, $500. Adding
these items:
Balance expense account ........ ST., 2W. N
Sinking fund OBSERVATION-DISCLOSURES 5.l9o.lO
Bond appropriation -............-. 5,3oO."'
Wa fnd Ina same harvest ..... so. $40. 81
The real harvest is $lf,3O.4, the gain
in the expense account ana the amount
carried to the sinking fund. The $500
was provided for by assessment.
Ey referring to the auditors report. tn
loss ana gam item Of $'555.11 will be
noticed in the expense account. The item
means that that amount Of taxes of 1874
ana 1895 were regarded as worthless and
were abatcd by the assessors. The
amount was necessarily charged to the
expense account and We're it not for that
fact the uneXpcnded balance would he
$li. SOS - instead Of sll.29o.Si.
might make this claim. ana also show
the payment Of bills Of previous years.
and in other ways figure out showing
which would look very timely. but is
value would be purely matter IF looks,
ornamental but worthless.
| have given to this subject more at
tention than its Importance requires.
have done 50 because many of-pur cltl-
zpns entertain doubts that such a reduc-
ton of the net debt. as the accounts
show is possible will therefore state
that for every bill contracted during tn"
wear past which comes-uver 70 the pres
cnt. there was paid as least A like amnuni
which came over from the previous year,
So that the one will balance the other
NAV add that | am not anxious to eN-
aegerate the past because unless pre-
vented BY the act Of God or the public
enemy | intend that the coming year
shall beat the record.
But enough in this key; let us change
tn the present. ana inquire IS T. tht
future.
THINGS THAT MUST Bt, DONE.
There are some appropriations to b,
made. which Eeirg simply the require
ments VI law the City council must rails
the money by taxation. And there art
others 80 mandatory in their nature tha
little is left to the judgment of the city
council az to the requirement.
| some Of these items are az follows:
state tax ACKNOWLEDGEMENTS. 81 2o5.o
oI ,st year 9o72. o
| schools required by law .......... s. III
school buildings. repairs ana in .ooo
| Free text books ................... 1000
| ran,. Ii~b school ............ 5000 u
interest on city debt. coupons -. Is. 1850
| intcre.t an trust funds .......... 1.Si00
| Pant Of CITY building ............ 2.2y.0
"d,eI ...................... 10000
street lighting contract, about ..2~o
| ssC,1,lrt ~ insane ........... . 500 {
| ;throyv free library ............. 1.O10.t
rotaI $77. 0i3.
This amounts to about ona-haf Of tn
tax levy of last year. not including abIte
ments
of the city Is per cent bonds Of lS1
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