Market Dow Up At Noon With Gains
At 11 a.m. the Dow Jones average stood at 10,771.10, rising 41.52 from this morning's opening as market activity continued.
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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Mar 08, 2001
Page
1
At 11 a.m. the Dow Jones average stood at 10,771.10, rising 41.52 from this morning's opening as market activity continued.
Tonight a mix of cloud cover with lows from the lower 20s in the northeast to the mid 30s in the southwest. Friday brings partly to mostly sunny skies and warmer highs ranging from the upper 40s northeast to 65 to 70 in the west, with Friday night turning cloudy statewide and lows in the 30s.
The Telegram notes that local news sports and editorials are accessible at its website www gctelegram com. The brief announces online availability and directs readers to the internet page for the latest local coverage.
Washington AP reports President Bush pushes a $1.6 trillion tax relief plan as Republicans aim for a quick House vote on a 10 year 958 billion income tax cut. Supporters say it advances tax relief and fairness while Democrats largely oppose. Bush argues a 5.6 trillion budget surplus covers obligations, debt payoff, and rebates to taxpayers.
Kansas House voted 63-60 to reject a conference committee compromise on extending the state lottery’s life. Negotiators quickly sent the same proposal to both chambers. the House objected to a $4 million revenue plan to subsidize Kansas airfares and the Senate did not debate it. The Senate had approved the measure 31-9.
Finney County appraiser Alan Roop says no exact figure can be given for the upcoming re appraisal. He notes values likely rise due to market growth and new construction, but exact amounts remain unclear as the national market nears a low point. Garden City residents may see smaller assessed value increases this year.
A Kansas House committee endorsed more than 1.54 billion dollars for the state Board of Regents and its universities, pledging to aggressively seek extra funds to cover a shortfall. Gov Graves recommended the figure for fiscal year 2002, with 6.1 million in university budgets omitted due to miscalculation. Rep Rocky Nichols noted the omission's origin and the budget office's stance. Graves said all agencies must cut, and the regents face potential omnibus sources.
Garden City Community College president Carol Ballantyne said the Kansas budget proposals largely meet expectations for community colleges. The plan cuts about 6.1 million from state universities while keeping Regents funding on track for community colleges after governance shift. Ballantyne notes state support remains about 17 percent of GCCC's projected 12.18 million revenue this year.
Kansas farmers will see about a 7.5 percent statewide increase in agricultural land values on assessment notices, with dryland areas possibly higher. Don Hineman reports about a 7 percent rise, noting higher costs for inputs. Use value rules affect taxable values, not market prices, reflecting productivity factors and a 1992–1999 data basis.
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