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...June 2, 1976, 35-year-old John Howe lowered the yearly assessment on a piece of property on Charnwood Road in Somerville, a block from his home, by nearly 25 per cent--from $8400 to $6400. This was one of the largest proportionate reductions in residential property taxes awarded that year in Somerville...
...City Clerk William J. Donovan, a political antagonist of Marie Howe and who admits having "no great love" for the Howes, had his property assessment raised by Howe from $10,600 to $14,000 in 1976. Howe says the property was previously under-valued, and that the 40-per-cent assessment increase was long overdue. But the property itself had no buildings that could have increased in value. "The land was vacant," Donovan remembers. "He couldn't justify the assessment." Donovan, too, received an abatement from the rest of the city's assessors...
...June 2, 1976, John Howe raised the Journal's tax assessment from $13,000 to $24,4000--an increase of nearly 100 per cent. The Journal had remodeled its building in the past year, but the changes were minor compared with the nearly two-fold property tax increase. "He singled us out, there's no question about it," says one Journal staffer. "He didn't do the same to other businesses." The newspaper appealed Howe's decision, and received a full tax abatement...
...plan would require students who draw money out of the fund to pay back to the government the sum advanced plus a 50 per cent surcharge--through a 2 per cent withholding tax for each year their income exceeds $5,000. Because the loan would be paid back through the Internal Revenue Service, the bill's sponsors argue that the TAF would avoid the problems of default that have plagued past government loan programs...
...government subsidy on the 7 per cent loans means that students will not have to begin paying back the debt until nine months after graduation. Savings on interest payments could run "upwards of $1,000 on a $1,500 a year loan" Gibson said...