The Waterbury Democrat., 1946-01-01

,ng 1946 payments of interest and premiums will total $1, 325, ,786 and by the end of the year the city's bond ed debt will have dropped to the lowest it has been in close to 20 years-$12, 932, 900.
 In addition to it's regular budget the city will operate a capital budget this year, involving many prospects, set up in Waterbury's far-reaching postwar plan. This capital budget entails expenditures from many dif- ferent sources of revenues, such as the capital and homecoming eX- pendtiures fund, bond funds, cur- rent revenues, special assessments, and other governments. If 1946 proves to be the first year in which the city's postwar plan is launched it has been estimated that S1 ,693, 900 may b eSpent for such projects as the Mad River trunk line, sanitary sewers, stormwater drainage, streets and bridges, side- walks and curbing, municipal air. port, school buildings and repairs, parks, and recreation, water distri- | the City Yards.
 POst-War Plan
 Waterbury's six-year plan of pub- lie improvements, recently publi- cized by the City Elan Commission is expected to take actual form during 1946, although during last year start was made on at least two prospects, which have been con- sidered part of the six-year plan notably the Darlington Brook sani- tary sewer and stormwater drain job and a similar one taking care of the vast area between Hill and Cooke streets and Chase avenue. | Launching of the sewage disposal work will be signalized by building an interceptor up the valley of the Mad river. In view of the tre-
 nendous cost of this work it will probably be done in sections ano when completed will be followed by building of the disposal plant itself south of the municipal abattoil along the Naugatuck river Water bury has long been pushed by the State Water Commission to com- plete this job so that pollution oi the Naugatuck river. in his ares would end and other communitie: throughout the Naugatuck Valley would be impelled to follow Water. buryS example and complete the gl. gantic task of cleaning up the en. tire valley so far as pollution by sewage is concerned.
 While no definite plans have beer
 announced as yet it is likely tha
 the city will float at least two bonC
 issues during this year-airport ant
 sewage disposal. Whether they vii
 be sold in the full amount author
 :zed by the 1945 Legislature or il
 part depends on market condition and the need for funds for the air
 port and the sewage work. It wi. : be the first such sale of bonds sine l943 when the city sold a small issu of $l85, 900 worth of water bond
 to complete the Pitch reservoir. Tax Sales
 } It was noticeable, too, that tn year 1945 ended without the cit having to sell any tax notes. Ac l cording to information given , City Controller Neil Maloney 7 decided not to ask the Board { I Finance for permission to sell sue ] notes until after the first of u . year. This move was predicate . on the fact that the city had COT . siderable more money available { ] the close of this year than it dl . enc year ago. However, there wi . be heavy expenditures during Janl . ary for bond redemption and 1T
 terest, as well as a transfer to sl
 up the new pension fund, which wi = mean. that the city will probab l borrow $500, GOO or more at the CT l; of January to tide it over unt 3 first instsllment tax money star . to come in during late April ar . all during May.
 . It marks the first such time u . city has been able to get beyor l the first of a new fiscal year witt . out resofting to borrowing in antic e patton of taxes. Exceptionally fin e collection of all sources of re' l. enue during l945 and the good r nancial condition of the city a 1 counted for this.
 y Several new positions have bes
 created in the l946 budget, notab ! that of Market Master and Direct a of Licenses which is a step toWarl | coordinating all license Issuance al s ties under the one head; chief pe 2 sonal property appraiser end ae 9 ing chief real property appraise T supervisor of old age tax record 7 assistant building inspector; an a [ lsistant superintendent of schools ai 1 an accountailt-auditor in the scho