Mayors urged to contain slums and lure middle class
Mrs Hills urged 3,000 mayors at a conference to refocus revitalization on transitional areas rather than eliminating slums. She argued containment of blight and targeted housing incentives could attract middle income families back to cities, expanding urban tax bases while preserving historic neighborhoods. A five year property tax abatement was among proposed techniques.
MENTIONED IN THIS ARTICLE
Jmuaml Beach
Fla
Ant
1 Hills
Mint
National League of Cities
Wvatson
Housing and Urban Development
Ely
Forts
Rockefeller admits risk in 1973 UDC decision
New York Vice President Nelson Rockefeller acknowledged taking risks in expanding Urban Development Corporation borrowing as governor. He defended backing a rise in UDC debt to 2 billion and defended using moral obligation bonds to fund housing while investors warned of confidence issues. Four other state agencies face potential default without a bailout as they need about 2.5 billion to finish projects.
MENTIONED IN THIS ARTICLE
NEW York
Nelson A. Rockefeller
Urban Development Corp
UDC
Rockefeller
Hugh Carey
Lalways
New York City
UDC Securities
Simon pushes plan for graduated tax with no loopholes
New York Treasury Secretary William Simon urged a reform to wipe personal tax preferences and credits, replacing them with a single progressive tax. He claimed eliminating loopholes could boost personal income tax revenue by about 40 billion dollars and allow across the board rate cuts of roughly 20 percent without revenue loss. He said the wealthy would bear more while workers benefit from lower burdens, with a family of four at 15000 dollars income facing about 1200 dollars in tax under the proposal compared with current levels. Middle income families would pay roughly 10 to 12 percent.
MENTIONED IN THIS ARTICLE
New York
Treasury
Wiliam £. Simon
The
Tax Foundation
Simon
Traelucy Department
Also Mentioned on This Page
Press-Telegram
Lana Beach
Culll
Thur. Ove. A
Carla Hills
Rocky
HFA
Normitory Authority
Carey
Rival
Jcpenney
Dooley
Zenith
Allegro
Your Choice
Solid State
FBI
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