OPEC Drops Five Percent Oil Price Increase
Nine major oil exporting nations agreed to forego a planned five percent crude price rise set to take effect Friday, the Organization of Petroleum Exporting Countries announced in Vienna.
29 Jun 1977
Page 1
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Newspaper
Corona Daily Independent
Location
Corona, California, United States of America
Date
Jun 29, 1977
Page
1
Nine major oil exporting nations agreed to forego a planned five percent crude price rise set to take effect Friday, the Organization of Petroleum Exporting Countries announced in Vienna.
The committee approved Carter’s plan for expanded federal controls on natural gas prices by one vote in a test that could be reversed on nontax parts of the energy bill. The outcome leaves several options open including a phaseout of controls.
The House approved its $12,900 a year pay raise, 241 to 181, mirroring a Senate vote. Speaker Thomas O'Neill reminded members they had already agreed to limit outside income tied to the raise.
Betty Stove of the Netherlands defeated Sue Barker 6 4 2 6 6 4 to reach the Wimbledon final. She becomes the first Dutch player to reach this stage and will face Britain's Virginia Wade, who upset Chris Evert in a surprising semifinal.
Triple crown winner Seattle Slew arrived in Los Angeles for his West Coast debut in the $300,000 Swaps Stakes at Hollywood Park, set for Sunday competition.
The Metropolitan Water District warns that Los Angeles area consumers outside the urban complex may face rationing in 1978 as drought tightens supplies. Riverside San Bernardino Orange and San Diego counties relying on DWP allocations could lose water to priority Colorado River rights.
Norco homeowners face near double tax bills as assessed values rise 80.2 percent led by Frank Seeley. A $50 000 home last year paid 1 now could be taxed up to 2150 with over 1080 going to schools and districts. County rate drops to 272 per hundred while city rises to 149 and overall tax per hundred falls slightly from 1033 to 1031.
Variable high cloudiness tonight gives way to mostly sunny Thursday with some high clouds. Smog today forecast heavy with oxidant near 0.21 ppm and first stage health advisory warnings likely. Noon high reached 83 while overnight low was 59. Yesterday’s high recorded as $0. Thunder showers possible tonight over mountains and northern deserts, then clouds thin out Thursday.
Elaine Haite reports that Corona and county tax rates fall only slightly while assessed home values rise. A $50 000 home taxed after exemptions paid 1245. with a 57 500 valuation this year the bill increases by about 188 despite a 26 cent rate drop. City rate to 1.85 per 100 and county to 2.72. school and college rates shift. Over half funds go to local schools and Riverside County agencies.
The Corona-Norco Unified School District board approves 45 bilingual staffing waivers due to a shortage of qualified bilingual teachers and aides for non-English speaking students. AB 1329 requires a proficient or Bilingual-Cross Cultural Specialist in classrooms with 10 or more such students after June 1979. Dennis notes the district is complying by identifying students and addressing needs.
Impasse halted negotiations June 10 with Bill Drohan appointed mediator. Sessions resume tomorrow at 10 a.m. in separate rooms as districts weigh bilingual staffing needs for 800 students with English as a second language.
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