142 



STATION BULLETIN 346 



"Debt service" expense includes all interest payments on both 

 short-term and long-term obligations and includes all principal pay- 

 ments on long-term notes and on bonded indebtedness. Receipts 

 from temporary loans in anticipation of taxes and the repayments of 

 these loans were entirely ignored. 



"Protection" is as shown in the commissioners' report except 

 that the "bounties" item (towns are reimbursed by the state for 

 bounty payments) is omitted, and money received from outside 

 sources for services of the fire department is deducted. 



"Other public services" embraces all those listed in the uniform 

 classification under "patriotic purposes," "recreation." and "public 

 service enterprises," with the exception of "aid to soldiers." 



"Capital outlays" represents current expenses for permanent im- 

 provements other than for highways. Any amount fi.nanced by long- 

 term loans is deducted from the total expenditure for the improve- 

 ment in order that the expense will involve only the current outlay. 



"All other" expenses include miscellaneous items, projects, and 

 damages and legal expenses. 



It is important to distinguish between "town property taxes" and 

 "total property taxes." The latter refers to all property taxes levied 

 and collected by towns for all units of government that receive rev- 

 enue from the local property tax. "Town property taxes" include 

 only that portion of the levy Avhich is necessary to meet town ex- 

 penses ; in other words, it is the total levy minus the amounts levied 

 for the county, school district, and precinct. 



A SSESSED VALUftT10N-MILLION5 OF DOLLftRS| 



a_ 



1_ 



•V 



!-•••'. i-<ti'' ■*••%■'•"" 



1000 



TOWN POPULATION - 1140 CENSUS 



2000 



3000 



4000 



Chart IL The relation of population to assessed valuation. The in- 

 sert extends the relation to include towns and cities having a population of 

 more than 4,000. & t- i- 



