The Waterbury Democrat., 1946-02-25

staten that S percent of this Grand fAst is the total outstanding bond money that Q municipality can foAt, This amounts Co ee.eoo. .oo0l0o. As of December sl, ieeA. our bonded in- debtedness amounted to ea,ass 800 according Co Exhibit "A" oe the City of wAseFbusys Schedule of Debt Service. This must not oe confused with our water Fund Bonds upon which we the taxpayers owe an ad- iislOnal q, ,sse,0 900 as cf December sl, lees. This fund Is not part of the General Fund.
 Page e Oe the Budget Book for iets states that in les7 sS0O. .0oo.oo ln bonds was authorized but never fioaeed and that in teas on addi. tional e7sO, ,OoolOo in bonds was au- thoglned hy the General Assembly, making c total of el ,os0l l00o.oo which when added Co the sa,AAs.Soo debt in bonds outstanding makes c total of ee.eos, ,0ooloo. Add Co this the au- thoriHeo ei00. 0.Oo00o in trade school bonds and the esO0,O ,OOooo le4s au. thorinatlon for the airport bonds andour grand total Is to.2oS, ,o0000, or only . few dollars from the full limit of bond money allowed by State Law to any municipality. At this point we can llken our city to Q man who has borrowed up to the hilt oe his capacity in outstanding debts and notes yet to be floated. Upon such Q premise Is predicated the 9ia,0As, ,O0ol00 e-year plan that we taxpayers are asked to foot. This bears out the statement by our Mayor Co your Legislative Commit tee oe Community Clubs that the re- valuation was necessary for "Bor- rowing Purposes"
 Your Committee not being con- tent with the outside investigation with regard Co the proposed es.50o,- 0oolo0 airport then came into Wa teroury for more investigating and questioning because we felt that a complete picture should be present. cd in an unbiased fashion.
 We felt that should proper sup port be shown by our leading manu- lecturers perhaps our fears were unfounded and that VIC would be rendering c complete dlsserv1ce to our city in violation of our organ nations aims.
 The highest possible source in the first Of dur leading nanufactur- CTS was consulted and acquainted with our investigation problem. Fol- lowing Q forty y-minute talk with MT. Charles '. Hart, (of the Chase Brass and Copper Col, your committee can report that this manufacturing executive not only confirmed our be- liefs but also stated that his firm would not and could not support any idea for a municipal airport point ing out that their products could never be shipped via air freight and that this airport proposition was a waste of the taxpayers money and as taxpayers, they were against it.
 Another nigh executive of the Big Three" Mir. L. P. Sperry. (of the 6covill Mig. Col, also spoke in the same vein and added that it was not practical and again that it was a waste of the taxpayers dollars.
 The third leading manufacturer Mir. Arthur Quigley Cof the Amer ican Brass Col, through MT. Jo- seph Wilhelm, backed up the state ments of the previous two high ex- ecutives and we of the committee could not believe that here was in the making c $3,5O0,OO0OO white elephant. Just stop and think. you of the Community Clubs, here is an expenditure of over 55 percent of a 100 percent tax collection on 6 s2i5 ,000.00o Grand Listl
 We then called for an expression from Q good-siaed manufacturer, and through Mir. Herman Lux (of the Lux Clock Co). again we re- ceived the similar reply. At this point we decided that our fears were justified.
 Our conclusions, based on good solid f0otings. lead us to believe that:
 l. We do not require an airport at this time.
 2. Our City Government be peti- tioned not to purchase land for an airport site.
 3. The construction Of an airport is harmful to the finances of our city ana injurious 70 our taxpayers.
 {. The bonds authorized by the General Assembly in the amount of s700.O00 be nullihed.
 5. The $2O0OO0Oo for the acqui- sition of the airport site be returned to the General Fund.
 6. A committee be selected to wait on the Mayor for clarifcation on the future status of this project.
 T. In the event of a negative re- sponse to our conclusions from our local government, a mass meeting of taxpayers be assembled for a public protest and notice to the world out side
 Subcommittee of Legislative
 Group of Council of Com-
 munity Clubs, Inc.
 o. P. LIEBRICH,
 4. B. MARTTNO,