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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Aug 20, 1971
Page
13
The Renegotiation Board is the sole independent watchdog against excessive profits on space and defense contracts. In 20 years it has retrieved $443.5 million and spent $65 million, while counting 4,155 excessive profit cases. It also notes $1.4 billion in voluntary refunds attributed to its influence.
Indiana State Treasurer Jack New reports the general fund is rebuilding after a July revenue lag but October school distributions will be late by three to four weeks. He expects hand to mouth funding in Oct and Nov, with borrowing from dedicated funds to cover the Oct. school payment. The State Board of Finance approved 6.5 million in transportation aid and 1 million for adult evening schools, plus consideration of 2.5 million from a contingency fund to aid districts unpaid by Penn Central. Long Beach restaurateur Don May plans a Ball State homecoming visit by chartering a 119 passenger plane Oct. 8 to 11, with alumni group traveling via Indianapolis. Insurance premiums have climbed 97.4% since 1957-59 versus 37.4% living-cost growth.
Two break ins were reported to Anderson police. Ronald Howard reported a house burglary at 1704 W 53rd St entry was through a east side window. Stolen items include a 23 inch television a Brownie portable radio $15 in change silverware dishes and two blankets. A separate break in at Red Bird service station 803 Pendleton Ave occurred at 6 44 a m with $50 reported stolen through a rear window.
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