Image
Copyright & Fair-use Agreement
UNLV Special Collections provides copies of materials to facilitate private study, scholarship, or research. Material not in the public domain may be used according to fair use of copyrighted materials as defined by copyright law. Please cite us.
Please note that UNLV may not own the copyright to these materials and cannot provide permission to publish or distribute materials when UNLV is not the copyright holder. The user is solely responsible for determining the copyright status of materials and obtaining permission to use material from the copyright holder and for determining whether any permissions relating to any other rights are necessary for the intended use, and for obtaining all required permissions beyond that allowed by fair use.
Read more about our reproduction and use policy.
I agree.Information
Digital ID
Permalink
Details
More Info
Rights
Digital Provenance
Publisher
Transcription
? #3 - Mr. Wm. Reinhardt November 15, 1950 With the new revenue act of 1950, providing for 43$^for this current year and 45$ for 1951, and with every indication that a new and higher income tax will probably replace the present one for next year, it would appear that the minimum rate that should be used in testing earnings for the future would be 45$. The 38$ computations have been included merely for comparison i/yith the year 1949. The proposed water rates developed will yield an increase of approximately $90,000 of gross revenue for the year or an over-all increase of 42.5$. Such increase is viewed as not unreasonable, as the average billing for water service in Las Vegas will still remain low as compared to most other cities and exceedingly low when the high per-capita use of water is taken into consideration. The increase to a residential customer of average size will be from about $2.00 to $2.70 per month. While some of the increases on a percentage basis are materially higher for the commercial classifications, the dollar billing must still be looked upon as low, both from point of view as to the dollar amounts paid and from the standpoint of the generous volume of water used. In submitting this report it is the desire to express appreciation for the full support and cooperation received from the Company. Particular acknowledgment is made for the data furnished by the Omaha office through Mr. W, H. Hulsizer, General Manager of Properties. In this respect, the capital base figures and related items were made through his office. Likewise, Mr. W. H. Johnson in the Los Angeles office and'Mr. A. M. Polger, local manager of the Las Vegas properties, have been most cooperative and helpful throughout the study. Close contact has been maintained and advice received from Mr. Bennett and Mr. Renwick. On my own staff, Mr. R. L. Bertolacci, an engineer of broad experience, has had the immediate responsibility of assisting in making the extended analysis and the development of the study as reflected in this report. Respectfully submitted,