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Digital Provenance
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Publisher
University of Nevada, Las Vegas. Libraries
Transcription
Hanford Visalia Barstew Reno Bakersfield $2.76 2.60 3.09 2.35 2.75 Las Vegas - present rate Proposed rate 2.00 2.55 Average Dollar Billing and Purchasing Value of Dollar: the chart which follows shows rather clearly: 1. That the average dollar revenue received per customer has remained practically constant during the past ten yeans; with $26.22 received In 1949 and $26.47 estimated for 1950 at present rates. 2. That the purchasing value of the dollar (commodity prlces-U.S. Department of Labor Indexes} has declined very materially - in comparison with the year 1940 and on that comparison the 1949 index is but 0.53 and the 1950 isfex 0.54* Thus a dollar in 1950 will only purchase 54$ of what it did in 1940, or it takes about #1.35 today to buy what a dollar did in 1940. 3* That the customer income has generally risen approximately *70 $ since 1940, with, of course, natural variations between different classes of wage earners and between individuals. Such increase in dollar income has to a considerable degree offset the decline in the purchasing power of the dollar. An increase in water rates would, therefore, be the average during this period has been | compared
