Word: fiscal
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Dates: during 1970-1979
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King said the first stage of his three-part program to reduce taxes began February 9 when he introduced a bill to limit local taxes by "capping" city and town levies and expenditures at their fiscal 1979 levels. The remainder of the program will be unveiled February 28 when King releases his budget recommendations for fiscal...
Carolyn Lucas, a Fair Share spokesman, said the bill deprives communities of fiscal autonomy by giving control over city and town expenditures to a Finance Appeals Board staffed by gubernatorial appointees...
...West Bank) into Israel itself, where 575,000 Arabs live as Israeli citizens. More and more, the Israeli Arabs are complaining openly of being second-class citizens and protesting government seizures of their land for Jewish settlements. In Nazareth last week municipal workers were on strike demanding fiscal equality with Jewish communities. Arab Nazareth, with 45,000 residents, received $4.5 million last year while upper Nazareth, populated by 18,000 Jews, was allotted $8 million...
Still, many Congressmen fear that payouts from the program would bloat the budget deficit well beyond the $29 billion target set by the Administration for fiscal 1980. The White House calculates that based on an inflation rate of 7.5% for all of that period, real wage insurance should cost no more than $2.5 billion. But some forecasts point to an average inflation rate of 9% or more this year...
...That was one explanation in Washington for the sudden resignation last week of John Gilligan as the administrator of the Agency for International Development. A former Congressman and Governor of Ohio from 1970 to 1974, Gilligan clashed with top Administration officials over the policies of the bureaucracy that in fiscal 1978 dispensed $1.7 billion in foreign aid. In fact, the resignation may have been forced by his boss, Secretary of State Cyrus Vance...