1,200,000 0.96 8,430,390 8,175,490 7,746,510 7,364,520 6,236,140 5.00 22,385,391 22,217,491 22,068,511 21,668,521 21.371,441 22,267,141 (17.86) $122,564,931 $123,038,281 $122,521,801 $121,019,251 $120,908,001 $121,508,601 97.44 1,200,000 7,159,440 TOTALS, WATER DEBT. $2,147,450 $907,350 0.73 1,240,100 GRAND TOTALS, ALL DEBTS, $128,439,881 $1,875,750 $1,659,750 $1,157,350 $1,060,350 $128,598,364 $127,124,218 $124,410,101 $124,112,351 $124,700,951 100.00 3,738,930 NOTE. The total of debt contracted by the City in the five fiscal years 1917-18 to 1921-22, inclusive, was $18,034,700. The total of debt paid in the same period was $21,773,630, leaving net decrease for the five years, $3,738,930 as itemized above. Of the total Gross Debt in 1922, the amount Outside of Debt Limit is $73,722,850; Inside of Debt Limit $50,978,101. Of the total "City Debt" in 1922, $26,818,000 is Serial Debt and $94,690,601 is Sinking Fund Debt. The Debt Limit in any one fiscal year amounts to 2 per cent of the average assessed valuation for the three years next preceding, less abatements. Deducting the sinking funds applying to the Gross Debt Inside Debt Limit leaves the Net Debt Inside Debt Limit on Jan. 31, 1922, $34,856,684 or $3,578,026 below said limit. Deducting from latter the amount of loans authorized but not issued (i. e. $2,662,500), there remains $915,526 of debt incurring power not used. Amount of debt that may legally be incurred in municipal year 1922-23 within the Debt Limit, $3,642,051. No restriction on loans Outside of Debt Limit. ANNUAL EXPENDITURES. The following table shows the City and County expenditures, by fiscal years, for all purposes except sinking-fund debt redemption, payments of temporary loans, trust-fund investments, refunds and other book-keeping items. † Period of nine months instead of full year. * Decrease. Issued by the Commonwealth, under Chapter 534, Acts of 1906 for enlargement of Court House, the four issues amounting to $597,333.34, which is twothirds of the cost, payable by the City of Boston. NOTE. Of the remaining gross debt of the County of Suffolk on February 1, 1929 (i. e., $2,284,999.99), the Sinking Fund Debt (i. e., Outside the Debt Limit), amounted to $1,381,000, of which $481,000 is payable 30 years from date of issue, or from 1922 to 1924 and $900,000 is payable 50 years from date of issue, or in 1937 and 1938. The amount of the Serial Debt was $903,999.99 (including $339,999.99 issued by State) payable in annual instalments ending in 1939. NOTE.- The Rapid Transit Debt, included in "Movement of the City Debt" as shown on pp. 250 and 251, is here separately summarized by years. This debt (principal and interest payable from Rapid Transit revenue) is outside the debt limit, as provided by Chapter 548, Acts of 1894, and is payable 40 years from date of issue, except the part contracted since 1910, which is due 45 years from issue. In the case of one loan of $240,000 issued as a serial loan, January 1, 1910, annual payments of $6,000 are due. |