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Newspaper
Independent
Location
Long Beach, California, United States of America
Date
Aug 14, 1974
Page
3
Washington AP reports a congressional conference committee agreed to a 23 percent rise in monthly GI bill education benefits with a new $1,000 annual loan program. The plan totals up to 3,500 yearly for single veterans and expands eligibility to 45 months of education.
The Senate backed a compromise 11 billion housing and community development bill by 84 to 0. It funds block grants for urban renewal model cities and open spaces over three years, expands subsidized housing, increases loan ceilings for FHA VA and savings institutions, and tests urban homesteading while preserving existing subsidy programs for low income housing.
SACRAMENTO AP The attempt to override Reagan's veto of a 500 million housing program failed in the Senate for the second time on Tuesday. The vote tally 24 to 13, three short of the 27 needed, reflected absentees and abstentions. Senator Zenovich urged support, noting both Democratic and Republican gubernatorial candidates favored the measure to aid low income housing and unemployment. Opponents warned the plan could threaten California's AAA credit rating, while proponents argued the program would stimulate construction and housing sectors. The Legislature has overridden only one veto since 1946.
A special budget advisory committee was formed Tuesday to analyze county department spending and curb rising costs. Supervisor Baxter Ward spearheaded the effort, aiming to reduce the 1975-76 budget enough to roll the property tax rate back to the 1974-75 level. The 20-member panel will include a deputy from each supervisor’s office and staff from the CAO and personnel director.
Government figures show drought shrinking the 1974 corn reserve well before next harvest, with Secretary Earl Butz warning against export curbs while Senator Herman Talmadge presses restraint to protect U S food supply. Shortfalls in coarse grains implied, likely raising meat dairy and egg prices.
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