Michigan’s debt woes ease with new governor and revenue
After a turbulent period Michigan faces a brighter 1961 with a new governor John Swainson and a 56 44 House split. The treasury shifts to pay-as-you-go under Treasurer Sanford Brown while a penny sales tax increase begins in January easing the $4 million red.
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Michigan
G. Mennen Williams
Treasury
Senford A. Brown
Beadle
GOP
Carlton H. Morris
Kalamazoo
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Women Drive Most Men's Clothing Purchases Ad Budget
The American Institute of Laundering claims women purchase 80 percent of men’s clothing. Retailers allocate about 5 percent of their ad budgets to newspapers, recognizing that women favor advertising sections.
MENTIONED IN THIS ARTICLE
American Institute of Laundering
State Debt Crisis Deepens Amid Pay Delays
Debts for the state climbed to 107 million dollars by mid 1959 as payrolls for 32 000 state employees faced delays and financial strain.
Michigan Credit Rating Drop Spurs Crisis Watch
The state faces a shaken credit standing after a protracted legislature session. A $55 million package and a $50 million veterans trust fund faced liquidation amid historic tax levies on beer, liquor, and tobacco. Dividends funded veterans and other needs but expirations loom next June as Democratic resistance mounts.
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Veterans Trust Fund
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Treasury
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