Word: budgeteering
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Dates: during 1970-1979
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Next day, the Budget Director was still undecided. He talked to Congressman John Flynt Jr., dean of Georgia's delegation in the House. "Hang in there!" Flynt implored Lance. Reassuringly, Bert replied: "I didn't come to Washington to resign before I completed my work...
...Bank of Georgia. But this income has been reduced because the troubled bank in August stopped paying its dividend of 80? per year. In addition to the dividends last year, Lance made $150,000 from NBG, including salary and severance pay when he left to become Carter's Budget Director. Of course, his Government salary of $57,500 now will stop...
...served. The next mayor's biggest challenge will be to revive the city's sick economy in order to reduce unemployment and strengthen the tax base. Despite a reduction in personnel by 65,000 over 33 months, and some administrative reforms, the city's $14 billion budget is still in the red-with the prospect of worse to come next year, when the debt might amount to between $300 million and $500 million. Moreover, New York must lower taxes on industry that now discourage private investment-a phased program just getting under way. That effort should eventually...
Israel's dependence on the U.S. has grown to staggering-and probably unhealthy-proportions. American aid now amounts to nearly $2 billion annually-or $600 for every man, woman and child in the country. The aid total constitutes 16% of Israel's national budget, and Premier Menachem Begin's hawkish government is requesting $2.3 billion for fiscal 1979. The money is divided almost equally between economic and military aid, and half of the economic portion ($525 million) is a direct grant. The rest is in long-term loans at nominal (2% to 3%) interest rates...
...more famous and affluent schools-including Yale, Harvard, Cornell and Stanford-have formally notified the Department of Health, Education and Welfare that they may refuse federal funds rather than comply. Yale, for one, will lose at least $580,000 a year (about 1% of its annual operating budget), a loss the medical school is willing to take, says Dean Robert Berliner, to "stand on principle...