In 1969 Woodstock, N.Y., became the symbol of the Age of Aquarius when it lent its name to a three-day love-in and rock concert featuring, among others, Jimi Hendrix, Janis Joplin and Arlo Guthrie. Though the festival was ultimately held 50 miles away, Flower Power devotees and New York City weekenders have since flocked to the once quiet community. But as Woodstock (pop. 6,800) has grown, it has run into some of the fiscal problems facing other towns and cities. Among them: paying off an $8.5 million debt to the local sewer district.
True to its nonconformist heritage, the town board...
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