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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Sep 29, 1972
Page
10
New York officials say initial revenue sharing effects will be small but welcome federal aid to ease city finances facing large numbers of poorer residents. Congress is expected to grant final approval next week.
The piece outlines a five year federal revenue sharing plan, assigning about $3.5 billion to cities and $1.7 billion to states for operating costs in police, fire and recreation. It notes Milwaukee and New Orleans among others, details anticipated shifts in expenditures, pensions and debt service, and presents quotes from city officials about how funds could reduce property tax pressure and support basic services and growth initiatives. The analysis emphasizes that significant effects will emerge over time, with early years showing modest impact and long term aims to fund national goals through progressive taxation.
Four men charged in a Chicago area bribery scheme linked to Northern Gas Co. of Omaha and its subsidiaries pleaded innocent in U.S. District Court. defendants include John B. Nicosia of Indiana, Hammond mayor Edward Dowling, Gabriel Duore, and Delbert Calvert formerly of Northern Diversification Division now in Tulsa. Bonds set at 10000 each. case centers on a quarter million dollar right of way bribery for an LPG pipeline project.
Washington reports that only 8 percent of U S manufactured goods are exported, far below West Germany at 37 percent, the United Kingdom at 48 percent, and Canada at 63 percent, signaling a widening trade imbalance.
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