Word: maynards
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Cities do have some ways to stretch their budgets. They can, of course, raise taxes, and some are doing so, despite the intense unpopularity of that step. Atlanta Mayor Maynard Jackson, for one, is having to back off from his oft-repeated pledge that there would be no increase in property taxes while he was in city hall. Cities could also shift from outmoded "line-item" budgets-which simply list how much is to be spent for salaries, how much for construction and so on-to "performance" budgeting that stresses goals and priorities. When they made that switch four years...
...being closed. New York City faces a revenue shortfall of $150 million, cost rises of $280 million and a projected gross deficit this year of $430 million in a total budget of $11.1 billion; layoffs of 1,510 employees are planned initially, with more to come. Atlanta Mayor Maynard Jackson complains: "There may not be enough money in the city budget to fix the potholes in the streets...
...Last weekend I spent a month as a resident of Bankhead Courts," wryly observed Atlanta Mayor Maynard Jackson. Bankhead is a $10 million public housing project where 2,646 low-income black people live. Though the project was completed only four years ago, it started falling apart almost immediately; Jackson spent a weekend there as the guest of a widow and her seven children as a way of drawing attention to the wretched living conditions...
...Maynard Holbrook Jackson Jr., 36, entered politics at the top in 1968 by challenging Georgia's Senator Herman Talmadge. He lost the primary but carried Atlanta by 6,000 votes, within a year was elected the city's vice mayor. A hulking (280 lbs.), courtly, articulate attorney who graduated from Morehouse College at 18, the well-connected Jackson last year won Atlanta's mayoralty to become the first black leader of a major Southern city. Popular with both the black and white business communities in Atlanta, he is likely to run again for the Senate...
...long and losing struggle to manage an unruly economy, the Nixon Administration has at one time or another applied the diverse economic theories of Milton Friedman (concentration on money supply), John Maynard Keynes (liberal spending) and John Kenneth Galbraith (price control). Last week, still seeking an effective anti-inflation strategy, it went back to Adam Smith. In a bow to the oldtime, laissez-faire religion of reduced Government spending, the White House announced that it would try to trim more than $5 billion out of the budget for fiscal 1975, which starts this week. If the cuts are actually made...