Word: budgeteering
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Dates: during 1970-1979
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When it comes to economic issues, Kucinich is a real Raider himself. He cut the city's budget by $2.5 million, to a total of $129 million for this year. He upset the city's business community by rejecting a $41 million federal grant to build an elevated monorail that would carry people about the central city. For his part, Kucinich wants $1.5 billion in federal funds to be spent for new sewers in working-class neighborhoods. He also opposes as "ripoffs" the city's practice of offering tax abatements to businesses locating in distressed areas...
...zone is one of the few places in the world left untouched by pesticides and herbicides. To help make the wildlife preserve even more flourishing, the South Korean government allocates some of its $400,000-a-year conservation budget for grain, which is spread by South Korean soldiers along their side of the DMZ. As a result, birds especially have come to prosper in the DMZ. In winter, members of the Korean Council for Bird Preservation like nothing better than to stalk the southern edge of the zone in hopes of catching glimpses of two particularly treasured species...
...Carter Administration has come up with a novel justification for its planned $61 billion federal budget deficit. It is necessary, officials argue, in part because Uncle Sam should put back into the economy money that states and cities are draining away by running big budget surpluses. The argument is more than a little questionable because these surpluses will not restrain the economy but will spur it by making possible state and local tax cuts and more spending on services. But there is no denying the basic fact: most state and municipal treasuries are indeed flush with more cash than they...
...million this year and is debating how much to cut taxes. Michigan last November projected a deficit of $78.4 million in its 1978 fiscal year, ending Sept. 30. Now it expects a $68.4 million surplus, and Governor William Milliken is proposing reductions in property and income taxes. Budget Director Gerald Miller agreed with a reporter that the estimate of a deficit was "a ploy." He remarked candidly that there are times "when it is appropriate to indicate the situation is not as good as it might be in order to hold down the level of spending...
...Foundation has added up proposed cuts in income taxes alone totaling $625 million annually in eleven states, including New York, Michigan and Minnesota. Property taxes are another favorite target, since they have provoked citizen revolts in many areas. California wound up last year with a $2.9 billion budget surplus, largely because, in line with Governor Jerry Brown's celebrated small-is-good philosophy, the state severely held down spending. Now flush California is planning to cut citizens' property taxes by $1.4 billion...