Address by Edwin A. Fisher on Rochester Improvements
Edwin A. Fisher, consulting engineer, of Rochester, N. Y., recently addressed the Rochester Engineering Society, at a luncheon, discussing engineering problems of Rochester. He said that Rochester and Buffalo were the only cities in the state which figured the water debt in the total debt, and that including the water debt brought them pretty close to the limit fixed by law, which is 10 per cent, of the assessed valuation. Mr. Fisher suggested that the Constitutional Convention might relieve the two cities of this burden which no other cities in the state have to bear.
With the water works indebtedness excluded from the total debt, Rochester would be able to raise money to carry on improvement work which should be done. The water works system receipts pay all running expenses and provided a sinking fund from which to pay off the water works debt as the notes come due. The debt is now $8,000,000. Mr. Fisher said. “The water works, East Side sewer and Public Market,” he said, “are paying for themselves. Many local improvements are paying for themselves, but the city has to shoulder the debt until the amounts are paid by the taxpayers. Out of the whole debt only $4,500,000 is to be paid by a general tax.”