Word: steingut
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Dates: during 1970-1979
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...bill to set up the bank, which is sponsored by Assembly Speaker Stanley Steingut and 65 other lawmakers, will be submitted for a vote in the legislature probably within 30 days. Steingut claims that he has the votes to get the bill passed in the Assembly and Governor Hugh Carey, a Democrat, would be amenable if public response is favorable. During two days of hearings in Manhattan last week, the committee heard fervent praise for the idea from several speakers, including Consumer Advocate Ralph Nader...
...Steingut denies that the effort to establish a state bank was prompted by the UDC affair. He prefers to stress that such an institution would keep money deposited in the state from being invested in development elsewhere, and serve as a yardstick to measure the performance of private banks in meeting community needs. The profits that the bank generates could possibly be channeled to the state treasury and used to defray governmental costs...
California will post a $700 million budget surplus in fiscal 1973, and officials are pondering whether to use it to reduce taxes or improve schools. In New York, the Assembly's Democratic minority leader, Stanley Steingut, predicts that the state will have a surplus of at least $400 million. Cities as disparate as Schenectady, N.Y.; Jackson, Miss.; Burbank, Calif., will report handsome surpluses...