The Waterbury Democrat., 1945-02-02

I a number of other measures written by administration leaders, were in- troduced in the Senate and House today by Waterbury'S four legisla- tors.
 Members of the Board of Finance questioned Mayor John s. Monagan, Controller Cornelius F. Maloney, Budget Director Arnold E. Furlong, City Planning Commissioner Engin- eer T. E. Scott-Smith and Corpora ton Counsel Maurice T. Healey, at some length on the proposed bond issues, on the postwar plans, and the advLsability of the proposed type Of financing.
 Both Commissioners Orton P. Camp and Robert L. Coe, inquired as to what disposition vas being made Of the city's postwar fund tnow totalIng slightly more than ] $400,000) and stated that they felt 1t should be used rather than money raised by bond issues. Controller Maloney stated that the postwar plans call for utilization of this fund and that 1t had been earmark- ed for definite projects, but that fl would be necessary to amplify exist ing funds and current revenue with bond funds, although he pointed out as had Mayor Monagan, that granting Of authorization by the Legislature did not mean the city would sell such bonds without there being actual need of the same.
 Mayor Monagan in outlining the overall postwar picture as drawn np by city officials stressed the need of being prepared for an end to the war in some one of the theaterS oi operation. He pointed out that the city had It's projects planned down to the blue prints, but that failure to provide the funds with which to launch these projects would mean lack Of sufficient planning He termed the legislative authorization part of the overall plan for being ready to meet the postwar con- struction period.
 Controller Maloney during the dis. cussion pointed out that the citys i financial picture was improving with each passing year and cited that at the present time the city had a potential borrowing ability of more than $l,000,000 He also said that Corporation Counsel Healey had prepared bill which would free the city from restrictions placed on the Series of l941 water bonds, which claSsifies them as general obligations in estimating the debt limit, where as under general statutes water bonds arc obligations of water funds and not subject to debt limitation. As this amount of bonds is $1 ,485, = 900 favorable action by the Legisla- ture would increase the citys 5or- rowing ability by this amount.
 On question of Com Camp the controller and corporation counsel also said that there remained $515,- GOO of this water bond series uni6- sued and that the Legislature would be asked this year to cancel the un- issued portion Of the series
 Before concurrence In board ap- proval Mayor Monagan pointed out that before anything would be done about issuing such bonds, preSum- ing legislative approval is granted, each individual act would be taken up with the board for It's approval.
 The sewerage bonds will provide funds Tor treatment plant. esti- mated to cost $750,000 and which is part Of general sewage disposal 1 system plan approved by the State ] Water Commission and regarded as this city'S contribution towards It's tsharc of eliminating pollution of the Naugatuck River. It also in- cludes construction of trunk lines up the Mad River, as well as one along Steele's Brook, estimated to | cost when entirely completed more 1 than $l 100000, but for which the i bill provides $750,0O0 A further $300.000 would be provided by sell | ing sewer bonds that the city was authorized to issue as far back as 1897.
 The public improvement bond bill calls for construction of streets at q cost of $l50000 and includes list of eight important thorough fares which will be entirely repaveG under the postwar schedudle; $l50,000 for storm water drains, in- cluding enclosing several of the numerous small brooks flowing through the city and which have needed such attention for a number of years past; $500,00O for the pro- posed airport site and initial de- velopment of the same.
 Also approved by the finance board yesterday was the transEli,tc1 approval Of the education board authorizing Controller Neil F. Ma loney to adjust the budgets of the clty's child care centers to meet the accounting controls of the federal authorities
 The controller had presented the changed budget to the board of edu- cation last Monday which met with approval at the time Following yes- terday's approval by the finance board the measure will be presented to the aldcrmanic board for sim. lar action.
 City Treasurer Serge Belanger yesterday presented to the board the monthly financia. report of the city showing that Waterbury had q $l53l ,097 cash balance as of January 3l.
 The record showed:
 First National Bank Of Boston, general account 204.43320; First National Bank of Boston (Pitch Reservoir $57 .20826; Waterbury Trust Co, $l55 900: Colonial Trust Co. fstreet and general improve menD $l5,96sS8; Citizen & Manu- facturers National, 1862 584 .64; ; Colonial Trust Co.,, $500. .000 Col onial Trust Co (taxes in advance of levy) 48740l; and Waterbury