Word: craned
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Yesterday, Joseph A. DeGuglielmo '29, the current city manager who is Cambridge's chief administrative officer, conducted an extended argument with his chief Council critic, Edward A. Crane '35, over how the City's financial affairs should...
...Crane charged that miscalculation by DeGuglielmo raised the City's tax rate nearly $5 when a prudent policy could have stabilized the rate or kept down any increase. Last spring, the City raised its real estate tax from $72 to $76.90 per $1000 of property valuation. But yesterday the manager reported that the City has more than $1 million surplus, the largest in Cambridge's history...
...City of Cambridge is not in the business of developing a surplus," Crane declared. He asked that the Council take action -- or the manager make a pledge -- to "play fair with the taxpayer" by earmarking $600,000 to $800,000 of the surplus towards reducing the new rate...
...Crane isolated two major errors in the manager's budget estimates which, he said, accounted for a large part of the surplus...
...manager pegged income from the Cambridge City Hospital at nearly $250,000 less than actual receipts. And second, he thought that income from the state would be lower than the state's estimate of last spring; instead, revenue from the Commonwealth exceeded the estimate by more than $250,000. Crane said he had cautioned the manager against both errors last year when the tax rate...