Property tax losing importance as city revenue source
Louise Cook reports on a study by the Academy for State and Local Government which finds the property tax's share of state and local revenue declined from 39 percent in 1970 to 31 percent by 1980-81. It cites rising state aid, more federal funds for local services, and tax limits as factors that will keep the tax from regaining prominence in the 1980s.
MENTIONED IN THIS ARTICLE
Louise Cooked Press
The
Academy For State and Local Government
Washington
Academy
Money supply swells 5.5 billion with little rate pressure
The Fed reported a $5.5 billion rise in M1 for the week ended Sept 7, aided by Social Security payments. Analysts see no immediate rate tightening as long growth stays brisk, though long term bonds softened. Prices and key rates show modest shifts while reserves tighten slightly.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Federal Reserve Board
San Francisco
Fed
Federal Reserve Bank of New York
Factory utilization hits two-year high in August
The Federal Reserve reports August capacity use at 76.7 percent, the highest in nearly two years, driven by a rise in auto industry output and unusually warm weather boosting utilities. Mines and electrical machinery also show higher rates while refined petroleum and some telecom-related jobs lagged.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Dow Rallies as Money Supply Surges End Week Losses
Wall Street ends a losing week with a rally led by transportation shares. Dow Jones industrials gain 10.67 to 1225.71 as money supply jumps 5.5 billion. Boeing, IBM, Sears and Merck lift the market while rail and airline stocks drive the transport index higher.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Maytag ends era of wringer washers after 1907 start
DES MOINES AP Maytag will shut down its wringer washer assembly line, ending a long era that began with the 1907 wooden tub model. Production has dwindled to a few dozen a day, down from 500 at peak, as automatic machines dominate. The firm plans to finish by year end after selling over 11 million units.
MENTIONED IN THIS ARTICLE
Des Moines
Maytag Co
Bob Hoover
Maytag
Newton
Iowa
Daniel J. Krumm
United States
Hoover
Toyota raises 1984 prices across cars and trucks
Toyota Motor Sales USA announced 2.9 percent average price increases for 1984 models, with car prices up about 3 percent and trucks up 2.6 percent. The changes, led by Toyota spokesman Art Garner, take effect when 1984 models go on sale October 1.
MENTIONED IN THIS ARTICLE
Torrance
Calif
Toyota Motor Sales USA
Toyota
Art Garner
Jury Indicts Iowa Contractor Over Bid Rigging
Federal grand jury in Des Moines charges Jackson Construction Co of Nevada Iowa and chairman Robins H Jackson with conspiring to rig bids on two state highway projects on April 24 1979. Maximum penalties include a 1 million dollar fine for the company and up to 100000 and three years in prison for an individual.
MENTIONED IN THIS ARTICLE
Washington
Jackson Construction Co
Nevada
Iowa
Robins H. Jackson
Des Moines
Justice Department
Jackson
Also Mentioned on This Page
California
Massachusetts
Organizations
Council of State Governments
International City Management Association
National Association of Counties
National Conference of State Legislatures
National Governors Association
National League of Cities
U.S. Conference of Mayors
David Jones
Government Securities
Aubrey G. Lanston & Co
Thomas D. Thomson
Crocker National
New York City
Federal Funds
Treasury
Federal Reserve System
U.S
Commerce Department
Robert Ortner
New York Stock Exchange
Federal Reserve
Norfolk Southern
Burlington Northern
Union Pacific
Santa Fe Industries
AMR
UAL
Sears Roebuck
Minnesota Mining & Manufacturing
Merck
Tymshare
Wang Laboratories
NYSE
Exchange
Standard & Poor
S&p
American Stock Exchange
Speed Queen
Amana
Garner
Ford Motor Co
General Motors Corp
Datsun
Insured Municipals
Swat
Ratin
Nce Corpe
Sponsor
van Kampen Merritt Inc
MorAmerica Financial Services, Inc
Cedar Rapids, IA
Rrea
R. Eisner
Securities Dept
SIPC
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