Word: marketed
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Dates: during 1970-1979
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...California do not rely solely on the property tax for income. They have been spending some $33.9 billion a year and real estate taxes account for just $12.4 billion of that. Proposition 13, which rolls back property taxes to 1% of market value (they average about 3.2% now), will reduce revenues from this tax by $7 billion. But that represents only 20.7% of all local funds. However, sizable federal grants may be lost because no local matching money will be available...
...OREGON. A virtual carbon copy of Jarvis-Gann has been picking up initiative signatures and now has a good chance to make the ballot in November. It would limit the property tax to 1½% of market value, which would decrease the average homeowner's tax tab by one-third. "The measure could be very difficult to defeat," warns Robert Ridgley, recently retired chairman of the Portland public school board. He fears that the "effect on schools would be devastating." Supporters of the proposal blame the state legislature for its failure to curtail the property tax long ago. Says State Representative...
COLORADO. Two petition drives are under way for the November ballot. One proposal would limit increases in state and local government spending to the growth in living costs. The other would limit taxes on owner-occupied homes to either 2.5% of market value or 5% of family income, whichever is lower?giving half the homeowners in Colorado a tax cut of up to 30%. Public officials in the state scoff at the Jarvis-Gann approach. "Most screwball ideas seem to start in California," said one. But another was secretly delighted at the passage of Proposition 13. "California will...
...have money to put to work. Michael K. Evans, president of Chase Econometrics, figures that if Steiger's amendment passes, stock prices would jump 40% in two years. One reason: investors would pull money out of bank savings, municipal bonds and mattresses to pursue capital gains in the stock market. As prices rose, Evans continues, companies would be able to finance a huge expansion of plant and equipment spending by selling new stock. The payoff: a speedup in economic growth that would create 440,000 new jobs by 1985. The Steiger amendment itself, Evans calculates, would not cost the Treasury...
...lesbian girl of Khartoum A maiden there lived in a large market-town A scandal or two A tail behind, a trunk in front A tangled web indeed we weave