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Personal Property <br /> 1995 58 <br /> 1994 29 <br /> 1993 and prior 82 <br /> 169 <br /> Deferral Taxes 8 <br /> Taxes in Litigation 324 <br /> Total Taxes Receivable $ 2.342 <br /> 5. Notes Payable <br /> li <br /> At June 30, 1995, the Town had the following outstanding bond anticipation <br /> notes payable: <br /> Date of <br /> Purpose Amount Rate Maturity j <br /> i' <br /> High School Construction $ 1,640,000 4.50 7/07/95 !i <br /> High School 900,000 3.75 7/07/95 <br /> Scituite Road 330,000 4.30 10/13/95 <br /> Contuit Corners 261,000 4.80 10/13/95 <br /> High School Construction 4,000,000 4.22 7/05/96 <br /> Total $ 7.131.000 <br /> 6. Lona-Term Debt <br /> The Town's long-term debt issues constitute a pledge of the Town's full faith <br /> and credit. Payment is not limited to a particular revenue source. However, <br /> as previously noted, the Town's ability to raise property taxes is restricted by <br /> the enactment of legislation known as "Proposition 2 1/2". <br /> A. Changes in General Obligation Bonds Payable <br /> The following is a summary of bond transactions of the Town for the year <br /> ended June 30, 1995: <br /> Long-term debt, July 1, 1994 $ 12,149,500 <br /> Bonds retired ( 2,473,900) <br /> Long-term debt, June 30, 1995 $ 9.675.600 <br /> 14 <br />