Word: payments
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Dates: during 1970-1979
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...York State, after taxpayers had defeated a transportation bond issue in November, awoke to the fattest projected nonfederal deficit in U.S. history: $750 million for the fiscal year ending in June. To shrink it, Republican Governor Nelson Rockefeller ordered payment of more than $350 million in state aid to local school districts delayed from March until July, so that it would count against the fiscal 1973 budget rather than the present one. The state this fiscal year has also closed two tuberculosis hospitals, a school for retarded children and a prison, and instituted a statewide freeze on hiring...
Taxes are the second-hottest topic of conversation, after professional football and basketball. The most controversial levy is the property tax. Lillian Belicose, a widow with three out of eight children still living on the family budget, recalls that when she bought her house 20 years ago, her monthly payment for mortgage and taxes combined was $52.79. She has paid off her mortgage, but her property taxes now average $79 a month. "You struggle for years to pay off your mortgage," she says. "Then, when you think you finally own something, you get your property tax bill...
...Jacksonville Mayor Hans Tanzler Jr. to be the national co-chairman of Mayors for Muskie; an important Jacksonville banker was put on the National Finance Committee. One night Howell stayed up until 2:30 a.m. writing four effusive thank you letters to a man who had demanded them as payment for previous support before he would make a $2,000 campaign contribution...
AFTER years of inconclusive talk, no-fault automobile insurance has suddenly been whiplashed into a matter of national debate. Last year only Massachusetts had a law enabling auto-accident victims to collect payment for personal injuries without having to establish who was to blame. Florida adopted a no-fault plan this year, and an Illinois no-fault law is presently before the courts. Legislators in at least 25 other states, including New York, New Jersey, Virginia and California, are expected to consider their own versions during 1972 sessions. There is perhaps an even chance that Congress might settle the matter...
Snake Acres. Many buyers surrender the standard 5% to 10% down payment for their lots through the mail without even seeing what they buy. Others overlook restrictive covenants, tax liens and hair-raising warnings in the property reports that large developers must file with the Department of Housing and Urban Development. Horizon Corp., the largest subdivider in New Mexico, is supplying future residents of its 150,000-acre Rio communities with neither water nor sewage systems. Southwest Land Corp. is developing Santa California City, N. Mex., without selling new owners the mineral rights to their land; other people, who bought...