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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Jan 14, 1975
Page
1
Fragmentary OCR text yields no clear person, organization, place, or event. Summary cannot derive a coherent news item from the provided material.
President Ford and the Democratic 94th Congress agree on an early tax cut to counter recession. A $1,000 maximum rebate on 1974 tax payments is proposed with about $12 billion in immediate relief and $4 billion for corporate taxes. Oil tax hikes totaling $30 billion and a one year federal spending moratorium are part of the package, with debate over targeting and permanence.
Corry Area School District Board of Education voted to send a letter to the city stating the district will not contribute to the demolition of the dilapidated West Main Street building. The plan to split costs among the city county and school district would have required about 12,000 from each, but the school board believes the district should not bear demolition costs for a project in a municipality that serves many districts. The county owns the property. if the city pursues condemnation as a nuisance abatement, the county could bear full costs. The city administrator and others weigh next steps as the board considers the implications. In a separate note, Senate Whip Byrd urged immediate gasoline rationing to curb monetary outflow.
Khmer Rouge gunners shelled a Mekong River refugee convoy from Neak Luong, killing 26 and wounding 42 of more than 250 civilians. The attack cut supply routes, while government troops claimed counterattacks and reinforcements. Nearby fighting continued along Cambodia's border with South Vietnam amid heavy clashes and multiple casualties.
The Corry Area School District Board of Education approved a state mandated discipline policy titled Students Rights and Responsibilities. The measure, revised by the Intermediate Unit and local administrators, aims to align district rules with state laws and recent court guidance. Completion copies will be ready later this week.
In Erie two site options face Mayor Kibler and GECAC for a permanent senior citizens center. A decision is expected within a month as funds and building work are reviewed. Currently meals and activities run from the Corry Jaycees building, which is inadequate for services.
SACRAMENTO Calif AP Any tax refund as proposed by President Ford will have to be paid for with a future tax increase but Americans should still spend the money rather than save it says Bank of America's top economist Walter E Hoadley executive vice president of the world's largest commercial bank He warned there are no free rides and if inflation bubbles up the tax increase could be twice as large He urged people to buy what they need and noted the economy should rebound this fall though sentiment remains weak He projected inflation near 9 percent this year and emphasized the economy remains strong relative to past periods and worldwide conditions
Corry Area School District directors last night approved assignment of a note from Robert Wharton for payment of a district shortage while he was treasurer. Erie Ambulance Service will make $500 monthly payments to the district toward the Corry Ambulance Service purchase, with $7,649 plus 4 percent interest from December remaining, a payment plan the board approved after an initial payment was held by the school.
Corry Area School District may have to borrow up to $600,000 if the state subsidy payment due February 3rd is delayed. Directors approved a borrowing plan last night as a dispute between Governor Milton Shapp and Auditor General Robert Casey over borrowing policy risks delaying subsidies. If delay occurs, Krepps said the district will borrow the amount needed to operate.
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