Hanrliphlpr Stipmnn Itralh
HanrliPHlpr Stipmnn Itralh MANCHESTER, CONN., WEDNESDAY, JANUARY 29, 1975- VOL. XCIV, No. 101 Mnnchvslvr—A (lily of Village Charm TWENTY-EIGHT PAGES — TWO SECTIONS I II l EEN GEM S Grand List Is $288.9 Million; m Per Cent from 1973 m m By SOL R. COHEN The additional assessed values of just bursement to the town will be on the basis increase in the Grand List for this year. Manchester’s net taxable Grand List, under $4 million are a result of a new act of the mill rate for 1975-76, to be adopted in “Because of the recent slowdown in based on Oct. 1,1974 valuation and minus passed by the 1974 General Assembly. It May by the Board of Directors. building construction, combined with all allowable exemptions, is $288,949,663 — provides for the elimination of property Based on the current 49.3 mills General current mortgage rates,” he 'Said last up $4,586,311 or only 1.6 per cent over last taxes on business furniture, fixtures, Fund tax rate, the $3,939,311 increase January, “next year’s list is not expected year’s and the smallest gain in recent machinery and equipment purchased after reimbursable from the state would to reflect any substantial increase.” I : Manchester history. the October 1973 assessment date. generate $194,242 in new tax revenue. Town Manager Robert Weiss and Mayor However, the state will reimburse the The values are assessed in the same The $4,586,311 net increase included in John Thompson, alerted to a “less than town for additional assessed values manner as other personal property, but the Grand List, also based on the current substantial” Grand List increase, have , * Sy* ♦ totaling $3,939,995, or an additional 1.4 per aren’t included in the Grand List.
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