The Barre daily times. (Barre, Vt.) 1897-1959, 1906-02-06
How the City's Money Has
Been Used the Past Year.
NEXT YEARS NEEDS
AS Seen BY the Finance Committee :
No Street Paving Planned for
Other Business Before the
City Council.


read at the city council last
evening, the total Indebtedness Of the
city, exclusive Of the water debt, was
On Jan. j, 1905, s241 ,oo5.01, or S15,-
219,a0 greater than on Jan. ], 1908.
To Offset this the sinking fund il ss,-
1905 larger than il was year ago.
The committees inventory Of the city's
real and personal property figures up
to $685., ,f93.15, an increase Of S11,70s
over lg04 This increase with that of
the sinking fund and other now assets,
amounting to sia,o774i, makes q to-
tai increase for the year Of S25,6s5.s4,
or less liabilities, net gain Of s1O,-
466.55. The committees estimate Of
the city's expenses and income for 1906
is as follows
Finance Committees Report.
In preparing an estimate of the prob
able income and expenditure of the city
for the ensuing year, we have taken the
following matters into consideration,
viz; That some action will be taken on
the recommendations of the mayor, over
seer of the poor, charity and property
committees, in reference 70 the constrlc.
tion nf an improved building In which
the city's poor may be properly cared
for, and we have accordingly made an
allowance in our estimates of $4,000
for this purpose. No provision has been
made by Us for any paving this year,
and il amy is TO be done, it viii require
either special tax for that purpose or
else borrow the money 10 carry out the
work, provided the other improvements
that have been considered arc to be ear
ried out. Allowance has been made in
our estimates for the placing OK new
bridge on Harrington avenue as recon-
mcnded. aud also 10 maintain the oth-
ers in good repair.
Provision has also been made in om
estimate to remodel the fire alarm sys-
tenn, upon the lines recommended BY the
superintendent, Gre chief and tlrr cosn-
lnittee. 5000 being allowed for this pur-
pose We have also made an allowance
for $500 for The purpose of equipping
the hook and ladder truck and the COM
bination chemical and hose wagon with
runners for use in the winter, and also
for the purchase Of 1000 feet Of new
hose.
With these additions we believe all
the needs Of the department viii be
fully met.
We have also made provisions for TAX
ing mp demand note issued against
the city by the water department, the
Mathewson school note maturing in June,
the paving assessment note maturing in
December, and the fire station note ma
turing February, 1907; this will effect a
reduction Of the city's floating indebted
ness Of S17,334.o5. and We believe that
strong efforts should be made in the
future 10 wipe out all OF this indebted
ness as soon as possible, thereby saving
annually large outlay for interest,
which could be applied to making need
Cd Improvements without extra taxation.
BY the payment OF these notes this year,
and the cancelling of the $4,000 refund
ing bonds which mature this year. a
reduction Of 81 800 will be made in the
amount which the city has TO pay annu.
ally for interest.
Provided the city council this year
leyies taxes up to the limit set in our
charter, viz, s2.59 on each dollar Of the
grand list, We estimate that the income
Of the city for the year would be in
accordance with the following tabulated
statement; adjoining this statement viii
be found our estimate for the expenses
Of the current year, this having been
made with o good deal Of care, and VIC
believe should meet all the running ex-
penscs in the different departments and
pay for all the improvements which we
have previously mentioncds