15 Dec 1983
Page 1
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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Dec 15, 1983
Page
1
The Gazette lauds the Commerce Commission rules to prevent disconnections during winter. Utilities must issue clear notices, offer payment plans, and allow 12 day notice with a 30 day health related extension. New safeguards aim to balance utility needs with customers facing hardship.
The Detroit Public Library hosts a land of Oz exhibit while a citizens group seeks funds to buy a 1900 first edition of The Wonderful Wizard of Oz by L Frank Baum. Detroit banned the book until 1972 for outdated depictions, raising questions about cultural memory.
A Dallas family moving to Cedar Rapids expresses gratitude for the warm, welcoming reception from residents. They note the friendliness of a real estate agent and local clerks, stressing that opportunity drew them here and that community warmth eases the stress of relocation.
A reader thanks The Gazette for more notices of events in Iowa City and nearby towns. They applaud diverse sources offering educational and inspiring entertainment, noting Hancher venues and other city offerings now reach broader audiences. The writer values centralized information across Cedar Rapids and surrounding areas.
Washington analysis scrutinizes President Reagan's radio pledge that Marines will leave Lebanon once internal stability and foreign troop withdrawal are assured. Critics warn such promises hinge on feasibility, Congress' 18 month limit, and broader regional fallout amid Geneva talks and Middle East tensions.
Forty eight years ago Mississippi lawmakers proposed tax free bonds issued by cities and counties to attract expanding industries. The plan intended to reduce financing costs for the targeted industries while the debt would be repaid through future revenue streams.
Congress faces limits on IDRs as critics cite billions in revenue losses and misused financing for projects like golf courses and an adult bookstore. Proponents argue for community gains, while critics warn of big business welfare and tax exposures on the overall deficit.
A Gazette editorial cites Cedar Rapids data to show industrial development revenue bonds created 360 permanent jobs, added $33.8 million in property value, and boosted city revenue. it warns against strict limits on IDR bonds, saying they have powered redevelopment and address civic paralysis. The piece notes a planned $8 million 1983 issue for remodeling the Montrose Hotel into a shopping mall.
Critics claim IDR backed projects drain treasury while Chicago studies and CBO estimates differ. Proponents say IDRs create jobs and tax reflows that offset losses. Bond buyers include pension funds and insurers. removing IDRs could lessen downtown investment incentives.
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