The Barre daily times. (Barre, Vt.) 1897-1959, 1915-01-27
SINKING FUND NOW
MORE THAN 100000
Bonded and Other Indebted
ness Increased S59,33S.96
During the Past Year
City's Real Estate and
Personal Property Is Now
Estimated at Nearly Half
a Million

That tax rate of S2.25 will be neces-
sary in 1915 is the meat of the annual
statement of the aldermanic finance
committee, which was received by the
city solons at their regular session last
night. No higher than the levy rate of
last year is the figure recommended by
the committee, which explains at some
length the reasons why the rate must
remain where il was fixed by the city
council in 1914. Categorically these rea-
sons, to quote from the report are new
sidewalks, maintenance of schools and
interest on bonds The report, as
read by the clerk. was accepted for
printing in the annual city report. 9th
er reports ratified were those of the city
treasurer, and the aldermanic charity
and lighting committees. The last re-
port OF the list, that of the auditors,
will not be ready for several days.
Retrenchment patterned after the con-
servative formula which the administra-
tion set out to follow at the beginning
of last year is the recommendation of
the finance committee in its valedictory
message to the people. After briefly re-
ferring TO its advocacy Of a s225 tax
rate for 1915, the committee goes on to
say;
I'VE would have liked very much to
have reduced the tax rate, as of course,
L is high, notwithstanding the fact that
We have omitted any appropriation for
street work. The demand for
lew sidewalks, maintenance Of schools,
md interest on bonds does not permit rs
o make the rate any lower
Against the cost Of new sidewalks,
chool maintenance and the absolute GER
ainty that interest on bonds must be
.ept up. the committee charges its lack
4 recommendations TO uphold the re-
uest Of the street committee for sup
ort in is desire 20 continue the paving
rom the present terminus on South
lain street 70 the bridge II Il held
hat a new bridge over Jail branch would
2 necessary II new strip Of paving
ere 20 be- laid and in referring 20 the
ypense incidental % these improve
ients. the committee continues in the
blowing veins eNVe 10 not consider Il
project for which the city should is-
ie bonds in payment thereof and 10
rtainly cannot be accomplished during
Ie present wear unless the tax rate il
aterially increased"
Here is what the committee thinks Of
.e water supcrintendent's recommenda-
on for . change in the account system
his department. 'ln this ycar's esti-
ate Ne have madc provisions FOR re-
rning 10 the water department its
ief net income. this amount % b. used
creating p separate sinking fund O.
ret ~ own bomds This course should
We been takcn several Years ago This
WY established fund. 81 course. viii
I he ~ sufficient cumulative Nalne f8r
srtfnn che second issue - water bonds.
louutinr to as nnn. which mature in
i0 ~ e25 0Q0 81 fhr third issue. ma
ring in 1927. ~ the fourth issue 81
ase same bonds. amounting o. So dfta
maturng H tHR2 Ttiare wiz o.
inr however 81 iutfrrst 80 the bonds.
irh Ell have bern taken ur rrrtieus
laI1s inaFmn5h 81 there is no ~
asea Interest 90 uaF ~ the h1nfs -
North Hafre sthuM af Spauifiar
uoi arnFr t w5H 30ntf - b. neces-
y 10 refund raft III ths iatfer issus ~
frr bonds u-hen theT uafure.
Oar rerrrun1f 1fna1tfnrs nf 5Wo - -
asiae fnr Sidewalk. w. teiipre via
- HH frt e. sstisff tiss 8ananss
snrh ritigeus Hhr rFtftan fur new
ts ss ef-h rraf fhasa Hettiors So
-e numarurs. He nra hesrly fn "a
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aa f1Hs an Fu sr 30.