The Waterbury Democrat., 1938-11-04

The amount Of deficit" as Of last
week has been cut to 500 900, as re-
ported yesterday in The Democrat,
and a total of $2O1 900 has been set
up in the contingency reserve fund,
with net savings from present year
budgets of $174,557. This does not
count SIC, 300 sought yesterday, how
ever, from the fund for salary items
to carry to the last Of the year In the
street department.
Bills Carried Over
A major part Of the programs eff
feet has been to pick up the lag of
the last score of years which saw
bills of preceding years carried over
into subsequent liabilities Of the
following years budgets. Addi-
tionally, the accounting Of taxes
owed the city, showing a total of
more than $4,000 at the first of
this year, and a drive for their COL
lection. has rehabilitated the sur
plus resource sinking fund into its
primary purpose Of providing a
deficiency bill to cover oyer-appro-
priationS.
The $4,000, 900 total, however, does
not include penalties and interest,
Commissioner John H. GosS point
ed out and these liabilities Of de-
linquent taxpayers are expected to
offset the amount Of uncollectible
taxes thus making the vast amount
a potential asset of the city.
Landing the cooperation Of all
concerned in the drive to obtain
relief for the city's financial prob
lens, the committee report stated:
Throughout its inquiries, the
committee has had the full cooper
alton of city officials, department
heads, and employees, for which 1t
desires at this time to express pub
licly its appreciation" The report
cites the following in connection
with the taxes due:
Cooperation
TheSe overdue accounts when
paid, go to the surplus resources
sinking fund and are the only
means of meeting the cash deficit
The committee solicited and OBJ
tanned the cooperation Of Tax Col
lector William A. Ennis and Tax
Attorney George r. Guilfoile in de-
veloping an intensive drive to col
lect these accounts, with satisfac-
tory results thus far. (About 1921, :
600 has been collected of taxes due
as far back as 1928, from Jan. l.
1888, to Oct. 3D.
1.-The committee attacked these
problems and can now report SUBJ
stantial progress in an improved fl
nancial condition Of the city"
The report shows, in detail, thu
problem confronting the city at thu
first Of the year and The Democra
will publish portions Of the report
subsequently, indicating the con-
Structive treatment which the fl
nance board and the economy COM
mittee, with cooperation Of Grit
fenhagen & Associates, has accord
ed the city's financial emergency
throughout the preceding months.
A portion of the report follows:
On recon- :endation Of
city officials:
Mayor-from appropria-
tions Of various de-
partments ............ $24, 1921
Special committee:
Personnel director. 49,. 11,96O.87
State aid-highways :. 17,75O.OO
Water department-re-
m0val of hazard
caused by laying
second water service
pipe line in Water
Town ............... Z,6V4.X3
Confederation appr0-
priatiOns for interest
ON city and floating
debt ................. 2O,s12.64
S 76,S20.O5
On recommendation of
Griffenhagen & ASS0-
ciates:
Fro m apprOpria-
tons of various de-
partmentS .......... 12A,S67.13
Total transferred to
board of finance con-
tingent appropria-
tion -. .ssO1,ss7.ls
Transfers from board
of finance contingent
appropriation:
Office Of the mayors
Dues and subscriptions 5 $1,000
Auditing city accounts
by C. p. A. ........ 1857
City controller (admin-
istrative):
Premium on bond of
treasurer Of surplus
resource sinking fund 10000