Word: surpluses
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Brown's first move was to freeze hiring of new state employees (12,000 a year) except in emergencies. He said he would soon propose ways to save another $300 million. He suggested that any such saving be added to the surplus in state revenues, expected to amount to $5.3 billion by the end of the fiscal year, and applied to help fill the property-tax void. He proposed that $4 billion be promptly allocated to local districts and $1 billion be kept in a reserve loan fund for emergencies...
...legislators seem likely to give Brown what he seeks?and let him take the heat. Still, there was some grumbling. One diner in the capitol cafeteria suggested that "we stuff Howard Jarvis and mount him on the capitol dome." Bitterly, Democratic State Senator Alfred Alquist proposed turning all the surplus state funds over to taxpayers in a one-shot cash rebate and giving nothing to local districts. Said he: "It will do a lot of harm, but if it's the will of the people, we should...
...Ovrom, 32, and the five-member city council began considering cutbacks in spending and new sources of revenue three months ago. While some funds should be forthcoming from the state surplus, Ovrom based his new budget on the assumption that Monrovia would have to go it alone. Accordingly, many of the townspeople believe - understandably - that city hall is crying wolf. Concedes Ovrom: "Sure, a couple programs we cut may be restored, but we just can't count on much...
...more propitious than at any other time during President Giscard's four-year tenure. The Socialist-Communist opposition is still deeply split. With the threat of a leftist victory out of the way, prospects for the French economy have improved. The franc is steady, trade is in surplus, consumers are spending and corporate investment-which had been stagnant in anticipation of wholesale nationalizations by a leftist government-is picking...
...little that the Government can do to ease the fluctuations of the ten-year beef production cycle. One stopgap measure that President Carter is now considering would be to relax import restrictions on foreign beef in order to increase supplies at meat counters. Since there is presently no world surplus of beef anyhow, lifting restrictions would probably bring in no more than 250 million Ibs. of beef on top of the 1.3 billion Ibs. that the nation already imports from Australia, New Zealand, Canada and ten other countries. That would trim perhaps only a nickel a pound off the price...