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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Dec 31, 1965
Page
6
Decatur set a new high in 1965 with 64 buildings as total figures surpassed prior years. By end of November the value stood at 12453.83 dollars based on an average of the months.
Decatur's 1965 general fund receipts totaled 1,694,533.33 with expenditures of 1,713,779.48, a smaller surplus due to large September capital outlays. Capital outlay reached 63,312.20, doubling 1964, while the year ended with a 165,827.71 surplus, down from 185,073.86 in 1964, as major department expenditures included streets, fire, sanitation, and police.
The Decatur area saw major industrial growth in 1965 with Amoco Chemical Corp announcing a multi million dollar plant on the Tennessee River and others expanding. HCI Coatings & Chemicals planned a temporary Decatur facility at 912 Somerville Rd creating seven jobs and a $100000 capital investment. Sexton Can Co announced its first Southeast plant in Everett Massachusetts with initial construction near Cedar Lake Road. A 12 unit Birchwood Apartments permit at lth St SE valued at 50000 and other projects including 33 horses, a $78542.33 sewer addition, and a $20000 shopping center expansion. April totals dropped to 788504.89 with 49 houses underway. May construction rose to 1194427.72 as Alabama Fertilizer Co opened a $147871 office building.
The Morgan County Social Security office reports 691 new beneficiaries in 1965 bringing total county recipients to 6912 and annual payments to 4 383 504. The breakdown includes 570 disabled workers and dependents at 506 724, 2928 retired workers at 2 226 408, and 3414 dependents of retired or deceased workers at 1 650 372. The Decatur office serves Cullman and Limestone counties as well. See 691 on Page B6.
The year 1965 marked notable retail progress with announcements of new shopping centers and major construction of facilities in La Jilia an. The city saw growth in retail activity as merchants reported advances in sales and expansion plans shaping the commercial landscape.
The Decatur Chamber reports a 1965 fiscal year retail total of 60,544,443 dollars, up from 53,332,553 the prior year, with the Westgate Shopping Center representing about 1 million dollars in investment as the year’s highlight. Other new stores and additions were planned or underway, and the chamber notes progress under its 1965 theme Cooperation through Progress.
Activity at the Decatur State Docks nearly doubled in 1965. Director Houston Feaster said total tonnage may reach 63 000 tons, up from about 29 000 tons in 1964, with iron and steel shipments totaling roughly 22 000 tons. No new industries were added in 1965, but plans to boost 1966 activity continue.
Price M Bryant Morgan County tax collector predicts a new revenue record for 1965 surpassing the 1963 mark. He expects total monies through his office just under two million with motor vehicle licenses adding about a quarter million. Growth attributed to residential construction and ongoing industrial expansion countywide. See COUNTY on Page B6.
Government economists predict a $40 billion expansion in 1966 as the national economy remains buoyant. Rising prices from Viet Nam military buildup worry officials, while fears of a 1965 downturn fade. The Federal Reserve boosted the discount rate to 4.5 percent, aiming to rein in a peacetime boom. GNP is seen at $672 billion in 1965, with 1966 projections around $710 to $715 billion.
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