Tax Trends In Maine Towns

Author : Orren Chalmer Hormell
Publisher : Forgotten Books
ISBN 13 : 9781332004195
Total Pages : 28 pages
Book Rating : 4.0/5 (41 download)

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Download or read book Budget-Making for Maine Towns written by Orren Chalmer Hormell and published by Forgotten Books. This book was released on 2015-07-27 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Budget-Making for Maine Towns: And a Comparative Analysis of the Expenditures of Certain Maine Municipalities The adoption of an up-to-date system of budget-making by Maine towns is an essential step in the solution of their financial problem. The financial problem of the typical Maine town is to make both ends meet. That problem is becoming more and more difficult. Population and property valuation are increasing but slowly (in many towns not at all) while the demands for new and better services are growing by leaps and bounds. The citizens are demanding a pure and adequate water supply; inspected milk; better schools with domestic science, manual-training and commercial courses; better lighted streets; and good roads. Such demands must be met by the town which hopes to induce desirable citizens to make their homes within its borders, to draw new industries, and to share in the lucrative summer trade. The typical town, however, desires to meet these new demands without raising the tax-rate or increasing the valuation. For a high tax-rate, it is believed, is not only burdensome to the property owners but drives away new industries; and an increased valuation increases, disproportionately, the burden of the county and the state tax. What solution, then, have our towns discovered? A large number have followed the line of least resistance. They have provided the new services and the improvements without raising revenue, sufficient to pay for them. The result has been an annual deficit. The deficit, piling up year after year, in due time has been bonded and bequeathed for payment to the next generation. Statistics presented by the Census Bureau give a clear picture of the situation. During the ten years from 1902 to 1912 the property valuation in Maine cities and towns taken as a whole increased about eighteen percent., the tax-rate about eleven percent., while the debt increased about seventy-three percent. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.