Word: chunk
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Dates: during 1970-1979
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...stopgap solution was to parcel out $5 billion of an estimated $5.8 billion surplus in state revenues to more than 6,000 local government units. The schools will get the biggest chunk of the fund, $2.2 billion. That will mean only a 10.5% overall cut in their operating cash from current levels. The relief money will be applied on a sliding scale so districts that have long had less money for schools will get the most. This will help meet a California Supreme Court decision that support of schools should be equalized...
...other hand, the average homeowner will lose a big chunk of his federal income tax deduction because of the lowered property tax. Uncle Sam is expected to gain some $2.3 billion from Californians as a result. And since the California income tax is tied to the federal tax, the state will pick up some 300 million unexpected dollars...
...then vows to fight back. During the ensuring fight, Ricky (as already mentioned) bludgeons to death a man who tries to shoot him; when the bloated Senator Andrew Madison (Rod Steiger) opens his McClellanesque hearings with evidence culled from the recently disenchanted (and just murdered) Abe, one major chunk of the committee's case rests on the report of the bludgeoning. The rest of the questioning deals with the relationship which Kovak's Teamster-clones have enjoyed with the Mafia during the union's meteoric climb in membership, a relationship which entangles the former Lord of Flatbush in a scandal...
...business and academic communities for a tax cut as large as Carter wants, or even more, as a way to expand consumer buying power and provide companies with larger after-tax profits to invest. Even many of the big-cut advocates would like to see a large chunk of the $25 billion come not out of individual income and corporate-profits taxes, but out of Social Security taxes that are scheduled to shoot up next Jan. 1 and in succeeding years. One reason: the portion of Social Security taxes levied on employers raises their cost of hiring workers, and companies...
Carcich's fiscal sins, known and alleged, ranged from what at the very least was foolish commercial speculation to the misuse of $1.4 million. He apparently lent money recklessly, without collateral. One chunk-$54,000-even went to ex-Governor Marvin Mandel to pay for his divorce in 1974. It has never been repaid. Carcich sank millions into shaky motel and real estate deals in Florida and five other states, and squandered $127,000 on cronies, a niece and a private secretary, while diverting $278,000 for his own personal use. Carcich is also accused of concealing bank records...