Word: budgeteering
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Dates: during 1970-1979
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...fifty chance of becoming law. If it does, property taxes for all Californians will be slashed by 57%, beginning July 1. City, county, town and school administrators figure that they would lose some $7 billion a year. Either they would have to curtail services severely or the state, whose budget already totals $12.5 billion, would have to rescue them-presumably by increasing other taxes. As a result, officials are bracing for what they call "Black Wednesday," fearful that they may awaken on June 7 to find that the long-brewing taxpayers' revolt has become a reality...
...million), Lawrenceville (700, $24 million), Hotchkiss (478, $10.4 million), and Choate Rosemary Hall (920, $11.7 million)-have also sought a wider range of students. Limited resources, rather than any residue of snobbery, keep them from reaching further. Inflation has forced all of them into massive money-raising efforts and budget tightening. The admissions picture is more bullish, thanks partly to the declining quality of public schools. Applications are up at top prep schools, and the percentage of children in private schools around the country has been increasing...
...America's interest to obtain a mutually beneficial and verifiable agreement with the Soviet Union to limit strategic armaments. Many Americans, however, still unhappy over our withdrawal from Vietnam, are afraid that other nations will view us as weak. Accordingly, they seek unwarranted additions to the defense budget and long for a return to unchallengeable U.S. military superiority...
...level, the race is one of money and political technique. Thurmond's campaign budget is about $2 million, while Ravenel's is between $800,000 and $1 million. But Ravenel is no stranger to being outfinanced in his campaigns. In the 1974 gubernatorial race, William Jennings Bryan Dorn, his closest competitor, also outspent him by massive amounts. That campaign was similar to the present race, in that Ravenel was running against established politicians. In addition, he faced the difficulty of being largely unknown; 76 days before election day, only 5 per cent of the voters recognized his name. What made...
This year's campaign should be similar to the gubernatorial race, although Ravenel says he probably will not spend quite as much on television coverage. Instead, a large part of his budget will go to flights and trips across the state. And the bulk of his spending will be between June and November, as he does not face any really serious competition in the June Democratic primary...