The Waterbury Democrat., 1945-10-23
City's Financial
 Picture ReUieUed
City Controller MoIoney In BroOdeost ReveoIs Interesting Facts On Einonees, Toxes, PIons

Emphasizing that Waterhury's fi- nances are In sounder condition than those of other Connecticut cit- les, Controller Nell Maloney assert. cd last night that the Democratic administration has kept the striet- est control over municipal finances. The controller, who s seeking rec nomination In the coming November election, spoke over both local radio stations.
 Pointing to the fact that since i040 taxes have been reduced from 32.b to 90 mills, MT, Maloney claimed that the clty's tax rate is one of the lowest in the state, if services given the public and percentages Of as- seSsed valuation are taken into consideration.
 Comparative Rates
 "Ifartsords tax rate Is 90 mills, New Ravens, 2T.b, Brldgeport's, 2e.3, and New Britain, 28.7b, but Waterbury's is only 24 mills cohs pared to the same figures just cited on the basis of 100 per cent assessed valuation.
 Economic handling of the citys finances has also enabled 6 sur" blue of more than ai,000,000 to Dc accumulated, eT00,000 of which has gone Into Q reserve fund, made up Of cash and securities quickly cone Vertible, which has made possible an early start on post.war projects and improvements for every section of the city, as soon as materials are released" MT, Maloney said.
 "Thls really Isn't news, the speaker continued, as it was dis- cussed by various boards and TO. ported upon fully by the press Of the city, but 1t Is proof that this administration not merely can plan for the future but can also make such plans take shape as soon as materials are available
 With two large sewers and storm water drain jobs, one in the NH Piain section, and the other DO. tween Chase avenue, Cooke and Htll streets already underway, Mir. Ma- loney said sufficient funds have al- ready been transferred from re- serves to cover financing.
 POst.War Program
 "Furthermore everyone knows that the administration's postswar plans cover many types Of work" 1" the controller said, including streets, bridges, sidewalks, lights, parking facilities, rubbis disposal, parks playgroundS, sewers, drains, sewage disposal, airport Likewise, the press has reported our methods Of finance ing such work will be through e re- serve fund, currend revenues, bonds, and State and Federal Grants.
 Tn connection with post-war plans and actual work on them ] would refer you to published re. ports on the amount of contractual work engaged in by the city during i046. It totals approximately hal: a.million dollars - this iSl spite Of wartime restrictions and shortages.
 Let me mention Q few points about WaterbuTy's bonded debt. The i04S Legislature granted Us author ity to Issue bonds as follows: s700,- 00O for ar airport and eT60,000 for sewage disposal. The former pro" feet is not an immediate ono as before an airport can Dc laid out and built 1t must have on advafl- tageous site, the selection Of which Is now underway. But the sew. age disposal work is near ct hand and le40 will see work start on a trunk sewer up the Mad river, afi. other link In the master plan Of eliminating pollution of the Nau- gatuck river by the City of Water- bury.
 Conservative Estimates
 We were conservative in seek. ing permission for only two bond Issues whose total value would Dc As AGf nna if every bond was sold