Cost of Poughkeepsie Water Plant.

Cost of Poughkeepsie Water Plant.

At Poughkeepsie, N. Y., the local press has raised the question as to the profitableness of the municipal water plant. The Enterprise, in a recent article, announced that the loss since the plant began operation amounted in round numbers to $1,00,000. This assertion was doubted by many, and the accuracy of the statement questioned. In support of its assertion the Enterprise made a search of the records of the water plant and interviewed several officials who are cognizant of present conditions, and from this data makes the following statement:

“Since the plant was placed in operation in 1873, the expenses, operation, addition and improvements, with interest on the bonds issued to provide for its construction has been as follows:

“The bonds issued because of the construction of the water plant in 1873, amounted to $550,000. The city indebtedness, because of the construction and maintenance of the water plant, at the present time is $565,000. In thirtyseven years of operation of the water plant, only $35,000 of indebtedness was paid off. The interest on the bonds was raised, not from the sale of water, as would have been the case under a business management, but by taxelevied on the real estate of the city.”

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