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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Sep 17, 1950
Page
11
The proposal argues drilling under the Oil Control Amendment will generate royalties and wages, boosting spending in Long Beach and allowing tax reductions. It claims 70 percent of oil income benefits the area and that property values rise with higher income, with royalties possible from nearby drilling and no city tax revenue from Tidelands.
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