Word: tidelands
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Dates: during 1960-1969
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...budget. For fiscal 1960-61, Governor Egan is asking for an increase of some $6,000,000, while increasing the revenue only some $1,050,000. The budget will get one big boost from a juicy windfall: $4,000,000 gained from the sale of 77,000 acres of tideland oil and gas leases last December. It will get another from the transitional fund voted by Congress to tide the 49th state over its early years; the 1960 portion will amount to $6,500,000. And what happens after 1964, when the transitional aid reaches $28 million and stops...