66 STATION BULLETIN 346 



lion show the relative importance of the various sources of revenue 

 from a dollars and cents point of view, nor does it tell how the money 

 was spent. To complete this description of the fiscal system it seems 

 best to examine a list of receipt items and expenditure items for the 

 various levels of local government. For amounts of receipts and 

 amounts of expenditures it seems best to use state totals inasmuch as 

 variations in receipts and expenditures among the towns will be dis- 

 cussed later. 



The law requires local officials to keep uniform accounts in a 

 manner prescribed by the state tax commission. Moreover, by March 

 1 these local officials are required to make annual reports on forms 

 prescribed and furnished by the commission. These forms contain 

 all receipt and payment items and agree with those prescribed for the 

 uniform accounts. The complete classification of the accounts is 

 known as the "uniform classification." 



The annual reports of the local ofiicials are summarized at the 

 office of the state tax commission and published in December of the 

 year in which they are received, as part of the commission's annual 

 report. The subsequent tables, which are the basis of the accom- 

 panying discussion, are taken from the 1940 report, the first report 

 in which the commission published the receipts and payments separ- 

 ately for each town and city. The receipts and payments of counties 



Table 13. The Amounts and Percentage Distribution of Taxes as Sources of 

 Revenue to Towns and Cities in New Hampshire, Fiscal Year 

 Ended January 31, 1940* 



Amount of revenue ■□ 

 Per- 



Items All townc Average cent 



All towns 



and cities P^^; ^T" 



of 

 "and city total 



Local Taxes 



Current: Property tax $16,271,044 $69,534 63.2 



Poll tax 342,458 1,464 1.3 



National bank stock tax 54,398 233 .2 



Previous years' property and poll taxes 2,991,548 12,784 11.6 



Tax sales redeemed 577,859 2,469 2.3 



Total local taxes $20,237,307 $86,484 78.6 

 State-collected Taxes 



Interest and dividend tax $ 585,545 $ 2,502 2.3 



Insurance tax 367,394 1,570 1.4 



Railroad tax 161,166 689 .6 



Savmgs bank tax 33,3S8 143 .1 



Building and loan association tax 1,295 5 



Total state-collected taxes $ 1,148,788 $ 4,909 4.4 



Total Revenue from Ta.xes $21,386,095 $ 91,393 83.0 



Other Sources of Revenui- 4,371,679 18,682 17.0 



Grand Total $25,757,774 $110,075 lOO.O 



* Annual report of the Slate Tax Commission, 1940. 



