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<br />Cost To Nation:s Taxpayers-By Sf .. VJED
<br />
<br />Of Ce~tral A~.i_~ona Proi~ct
<br />
<br />
<br />CRG~
<br />
<br />FEB 8-1951
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<br />COt~DO W ^TM
<br />. . '. CO~ERV~9.N, '()A~D
<br />Official Statement By Secretary of Interior Indicates .
<br />Extra Tax Burden of $2,075,729,000 for Interest Alone
<br />
<br /> State's % of Total Cost to Taxpayel"S State's % of Total Cost to Taxpayers
<br />~ (See Note 1 belowl (See Note 2 below) ~ I See Note 1 below) (See Note 2 below)
<br />Alabama 1.17 $ 24,278,000 New Hampshire .29 $ 6,018,000
<br />Arizona .37 7,678,000 New Jersey 3.29 68,268,000
<br />Arkansas .72 14,940,000 New Mexico .28 5,810,000
<br />California 8.32 172,640,000 New York 14.67 304,403,000
<br />Colorado .80 16,600,000 North Carolina 1.59 32,993,000
<br />Connecticut 1.67 34,653,000 Narth Dakota .34 7,055,000
<br />Delaware .40 8,300,000 Ohio 5.78 119,935,000
<br />Florida 1.29 26,768,000 Oklahoma 1.17 24,278,000
<br />Georgia 1.40 29,050,000 Oregon 1.04 21,580,000
<br />Idaho .32 6,640,000 Pennsylvania 7.62 158,115,000
<br />Illinois 7.59 157,493,000 Rho!le Island .56 11,620,000
<br />Indiana 2.29 47,518,000 Sauth Carolina .76 15,770,000
<br />Iowa 1.58 32,785,000 South Dakota .36 7,470,000
<br />Kansas 1.15 23,863,000 Tennessee 1.37 28,428,000
<br />Kentucky 1.20 24,900,000 Texas 4.38 90,885,000
<br />Louisiana 1.22 25,315,000 Utah .34 7,055.000
<br />Maine .44 9,130,000 Vermont .18 3,735,000
<br />Maryland 1.68 34,860,000 Virginia 1.49 30,918,000
<br />Massachusetts 3.40 70,550,000 Washington 1.65 34,238,000
<br />Michigan 4.71 97,733,000 West Virginia .92 19,090,000
<br />Minnesota 1.86 38,595,000 Wisconsin 2.10 43,575,000
<br />Mississippi .71 14,733,000 Wyoming .18 3,735,000
<br />Missouri 2.5i 52,498,000 Dist. of Columbia, } 1.48 30,710,000
<br />Montana .35 7,263,000 Hawaii and Alaska
<br />Nebraska .86 17,845,000
<br />Nevada .13 2,698,000 U. S. TOTAL 100.00 $2,075,729,000
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<br />Note 1 - Percentages of total tax burden that each state will bear were computed by the
<br />Council of State Chambers of Commerce, Washington, D. C.
<br />
<br />Note 2 - Cost to the nation's taxpayers of $2,075,729,000, as computed by Oscar L. Chapman,
<br />Secretary of the Interior, is based by him on the following conditions: S. 75 (Central Arizona
<br />Project Bill), as it passed the Senate; the project construction cost estimate of $708,780,000
<br />made by the Bureau of Reclamation (Senate Report No. 832, 81st Congress, 1st Session); a 2t/2f1o
<br />interest rate; an eight-year construction period; and a 75-year financing period.
<br />
<br />The Secretary's statement appears in his letter dated June 28, 1950, to J. Hardin Peterson,
<br />Chairman of the House Public lands Committee. The statement was approved by the Bureau
<br />of the Budget.
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<br />These figures prove that the Central Arizona Proiect will not be self-supporting, as
<br />claimed by its promoters. Actually, it will cost taxpayers of all the states BILLIONS.
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<br />~43
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<br />(See other side)
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