New Britain herald., 1930-10-21
SEMI.ANNUAL TAX
 PLAN IS OPPOSED
Continued From First Pagc)

obliged to borrow enough to carry the departments along until the sec ond payment of taxes was due, Chairman Judd pointed out.
 There would thus have been loss to the city Of interest on the bank balance which would have been smaller than it is under the present annual tax payment system. in ad- dition to the loss through reduced receipts in the form of penalties for unpaid taxes, and the interest pay ments on the borrowed money. Chairman Judd stressed the point that although the city, under the eX- isting system, always borrows money once q year in anticipation of tax collections, it would be necessary 10 look 10 the banks for loans twice year under the proposed system.
 Mayor Thinks Plan Has Merit
 Mayor Quigloy thought such q condition would exist in only the first year under the proposed new ar r3ngement but was convinced by Chairman Judd and Comptroller w. H. Day that it would be contin- uous occurrence. The mayor said he felt there was some merit in the proposed plan and he thought it should be studied carefully in all its aspects before being acted on. He agreed that in order to carry it out. however, in a practical manner. 1t hn t0 6D q n ments due later than July l.
 He wondered if there would be a gain to the city through the pro- posed plan, in the form of more prompt payment of taxes by a large number of taxpayers. Chairman Judd expressed the belief that taxpayers who are slow in meeting their ob legations annually would be equally as slow under any other system. and Tax Collector Bernadotte Loomis quoted figures from the state tax commissioners book showing that on a given date the uncollected faxes in Hartford were S1,22S,0 900 and in New Britain S296,000. Both cities operate under the annual pay ment plan. In New Haven, where taxes are received twice a year, the uncollected taxes amounted to s5,3770 900, and in Waterbury, un- der the same system, $1 ,423,Q00. It was agreed, however, that the full significance of the figures could be grasped only by determining their proportion to the total computed for collection.
 Would Double Collectors Work
 Alderman Nair made the point that semi-annual collection of taxes would double the work in the tax collectors office, to which Tax Col lector Loomis agreed, adding that while he was enthusiastic for the proposed change he would be willing to work under it. If the people want it, I suppose they should have it." he said.
 It was agreed that it would be possible to move forward the dates on which taxes would be due and payable to conform with the semi annual payment plan. but August 1
 
 bonds for the reason that for the past several years that date has been specified in bond issues. All the dis cussion left no doubt in the minds of those present that the entire structure of the city's financing sys- tenn must be altered as regards dates on which the several moves must be made in receiving and paying out money if the semi-annual payment plan is put into operation.
 The committee voted. on motion by Alderman Nair. that a committee consisting of Chairman Judd. Comp troller Day and Collector I.oomis be appointed 10 confer with the state tax commissioners office and obtain all available information bearing on the situation in cities about the state. and elsewhere if deemed advisable, When the committee prepares re port. the committee will meet 10 consider the matter at greater length.
 Councilman w. C. Gibney, spon- sor Of the resolution to name the committee, was elected chairman on motion of Councilman J. r. Mur- phy after Alderman Nair and Chair man Judd had declined 10 head the committee.