Word: propped
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Organizers of the group--sponsored by the Phillips Brooks House--said yesterday they hope to alert students and other Harvard-affiliates to the potentially damaging impact of prop 2 1/2 on the University...
...would seem to leave room for a drop in rates that would help many more people than it would hurt. Yet it would be most unwise to bet on such a chancy prospect. For one thing, uncertainties over the size of the federal deficit are themselves acting as a prop against steep rate declines. Adding "off-budget" financing by federal credit agencies to the stated deficit, the Federal Government borrows about 35% of all the lendable funds in the country. Henry Kaufman, chief economist of the investment banking firm of Salomon Bros., predicts that as a rising deficit bumps...
...real issue behind the referendum is not complex: voters must approve one of two referendum questions to alleviate further Prop 2 1/2 budget cuts this year...
...second question, requiring a two-thirds majority, would allow the city to collect an extra #10.2 million, completely overriding the fiscal 1983 Prop 2 1/2 cuts...
...first question, requiring a simple majority for passage will ask the city voters to okay an additional $5.1 million in property tax assessments, reducing the annual Prop 2 1/2 cut by one-half...