Show rOWER PlANT I Spring Municipal 1 Firm Aids In LowerIng Tax Le Levy LeFor For That City City- Other Benefits Sprin Springville Springville's mu mu- owned power plant is b by Y far the most profitable investment ever made ade by that city and is a a. big factor contributing to the low tax levy of 1250 for the ensuing year yea officials of that hat city declare If it were possible to collect all accounts accounts accounts ac ac- ac- ac counts now due and those wl which ch will be due next year a moratorium um could be declared on the city taxes for the ensuing year and andall andall all aU future levies reduced materially material material- ly figures submitted by the council council coun coun council cil show Receipts from the system in 1931 amounted to the expenses expenses expenses ex- ex ex ex- of maintenance etc 11 I leaving approximately 17 available for other city ex ex- Of Of this amount was to the street department depa department de de- pa to electric light bond sinking fund to the general fund and the balance balance bal bal- ance going into the system and the total representing the equivalent equivalent lent of more than 5 mills I The value of the system is also reflected ted in the fact that the city I has never borrowed on tax tn anticipation anticipation antici anticI- pation notes thus saving a considerable considerable considerable con con- amount for the ers Besides contributing to other funds the accumulated earnings I from the sy system cm made possible in 1930 the building of a hydroelectric hydroelectric hydroelectric hydro hydro- I electric plant on Spring creek I costing approximately I The additional power unit has re reduced reduced re- re re-I re the cost of the standing I service from the Strawberry Water Water Wa Wa- ter Users Users' association from 1 I 00 in 1930 to 2200 00 for the current current cur cur- i rent year cur I |