The Bridgeport evening farmer., 1915-01-25

money spent for plain macadarn is to large extent money wasted. If 1t is deemed advisable to construct | sewers or pavements on a more ex-
 tensiwe scale; bonds will undoubtedly 1
 have to be issued to meet the expense of same. 4 se5 j.. s'- < 4.y ss
 also eliminate the amount asked 1
 for New School Buildings, that is the
 proceeds of the usual one mill tax, the purpose the $2O0,0 ,0o0-0o bond is-
 sue, which was authorized by the High School Building is completed, | the present High School Building can be easily made available for grade
 school purposes and the additional facilities thus afforded by the bond l issue andsby such use of the present l high school building will, be adequate l for all school requirements for the next year.
 If you will have the Board of Edu- cation supply you with g. full state ment, of the seating capacity of. the present school buildings and of the
 buildings to be erected from the and of the present high school build ling, when the same can be used for 3,
 grade school you will find, unless I | am greatly mistaken, that the seating capacity Of all the available. school 1 buildings will be fully adequate for including the natural increase of the l next year favor adequate pro-
 vision for our schools, but, believing them to. be. amply provided for, as aforesaid, cannot recommend the one mill tax requested. If you, after tn horough investigation, find that the contrary is the case. it will be your duty to- provide necessary funds to l render the school facilities adequate I crippled. Or it may be deemed ad-
 I yfsable by you to issue more bonds
 although do not so 8recomnend. Il have always thought that Grade Il School Buildings were in the cate
 gory Of current expenses, rather than
 permanent improveInents, especially l a iTS 70 TVh
 they will have to be provided each
 year to meet the City requirements, School building might be viewed diff
 ferently and could more fairly be
 cIassed as a permanent improvement:. IT Street Ldghting
 The Street Iighting Committee asks for an extension Of the White Way lights ion Main Street. from
 State to- Gilbert street; on State street from T, l.. BEoad 9d to Laefagstts e
 Broad to Court1and Street; a1fd on Main Street, from Congress- Street lights at an expense per year of $4s633. 86- This request for an ex- : Itension of the eeWtite Way lights of such lights, already established. Is borne by the entire city, it is but :. reasonable to expect that addiuona1 Eextensions will be asked for each , year, for residents and taxpayers in lvarious parts of the city will reason that they ought to share in common t Street, State Street and Fairfield 3 Avenue in the benefits to be derived ) from the. White Way" lights, inas- : much as they are pagin g their share |. Some Are Flights will be discon- | | tinued on the line Of the new "White I Way and new lights can be- located 6 elsewhere in their stead I allow 5s new ssWhite. Way Va If iights as rea : quested. also allow the sum of S1,20o.0O additional. for new Arc and [ deaIred by the Common Council t Lighting Committee. Our City Debt.
 7 to $125,oo0.oo fails due in July next, { but it is fully provided for, at ma . iturity, by the Sinking Fund
 . Bonds to the amount of $1,4OO,- : t000-0O have been authorized, for the : following purposes; during the pres- :, l ent fiscal year.S ' Sewers $3OO,0OO. %
 stratford Avenue Bridge 400, ,000. 0O : High sehooi compleion s0,OoS.SS sO,OoS.SO
 Hgh School Equipment 4s,ooo. 90 t A1ushouse New 175, 100000 [ Total x s1.4oo, ,ooo. % : and the A1nshouse bonds have been e issued. leaving $925, of bonds : presume that they will be issued and : sold as fast as the money is reouired e for the purpose of the respective is- o sues s a4e
 | Our gross city debt, at this time q Alnnshouse Bonds included, is as fol Q Bonds outstanding $2, 2,so4, COG. oG O Notes outstanding AIS 900 Ol il Total Gross Debt $3. 322, ,60O.0C d Amount of Sinking Fund $684g53 1f s Our debt charges to. be provided e for. during the next fiscal year. are r as follows:
 | a<
 Bond InStal11nentS 128 300 O( l. Note InstaI1ments 73,OOO. O(
 ntsrsst 1ntsrs on on ao5sa a9aas a34sss ,sss $ e Total ss7o,712. 5t l- This sum is the equivalent of a, ta1 l. of about three, and quarter mill, at on each dollar of our grand list, o1 ,r about 195 per cent of our. total reve d nue from taxation Il It is well for us to bear in r1ainC g that every increase of debt, render
 necessary additional payments for in
 terest and for annual instalIments o1 70 principal and thus money is diverted 70 from the current needs and produc 10 tive enterprises of the city. 10 The greater the debt.sfFe less tn,
 money available for city improve 10 ments from the proceeds of taxation 70 we want to weigh the matter vel 70 in every instance
 n Contingent Fund. : Y recommend that a reasonab1 St114 p0 ssAS 1A1Cl .e can be applied from time to time ;. during the year for such unforeseel se purposes, may arise, and fo = which appropriations ought to b = made. It is impossible at this tim ~ to anticipate all the wants of the cit h for the. next fiscal year, as meritori + ous matters will arise each year re N quiring attention after the appropri . aions for the year have been made 7 For instance at the present time, tn
 matter of giving employment, to tn deserving unemployed, is receivin e- consideration and the main difficult = encountered is the want of funds fo
 the purpose. Such difficulties .coul .o be hereafter obviated if 8 reasonabl ~ sum is unappropriated, which coul ,o be made available for such contin v 1 gencieS. Hedge it around with al