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We have also collected $396,396 in penalties and <br /> Report of the interest on back taxes. <br />' Treasurer/Tax Collector <br /> Investing the Town's funds is always a challenge, <br /> with safety being the prime tenet of my investment <br /> The downturn in the economy in the late 80's did policy.Based on cash flow projections prepared by the <br /> have an effect on property tax collections. However, project manager, I was able to borrow funds (on a H <br /> the percent of the net tax levy collected each year has short term basis) for the new school construction. A <br /> 0 <br /> increased 6% since 1991. total of $284,389 of interest income was earned on <br /> ethose funds. An additional $234,236 of interest ' <br /> Also, 1996 saw the continuation of a downward income was earned on the general funds of the Town. ` <br /> 0 trend in uncollected taxes. In the period July 1, 1995 This brought the grand total of interest income for the <br /> 0 to June 30, 1996, we have collected $897,329 from year to $518,625. <br /> property that was placed in tax title. <br /> Respectively submitted, <br /> Since the implementation of the non-renewal pro- <br /> 0 gram at the Registry of Motor Vehicles in the early Anne T. Shaw <br /> 0 90's,there has been a dramatic increase in motor vehi- <br /> 0 cle excise collections. The license and registration of <br /> 0 all who have unpaid excise bills are marked for non- <br /> 0 renewal at the Registry. In fiscal 1996, we collected <br /> 0 $733,150 in motor vehicle excise tax. <br /> 0 <br /> 0 <br /> 6 <br /> 0 � <br /> 0 <br /> 0 ... <br /> 0 <br /> 0 E 4 <br /> aim <br /> 0 <br /> xA- <br /> 0 cs E. <br /> 0 <br /> 0 C <br /> 0 <br /> 0 <br /> 5 <br /> 35 <br />