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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
May 13, 1981
Page
4
Albany reports passage of a 16.6 billion state budget after delays. The plan includes a 287 million increase in school aid and a five year, 1 billion tax-cut program while 2.4 million refunds resume and school-aid payments to districts are planned.
Boston Mayor Kevin White warned he would pursue bankruptcy for the city rather than sign a city council borrowing plan that would cap his spending authority. The council sought to borrow up to 75 million to keep schools open and fund tax reductions, a move White labeled deadly for the city. The Massachusetts House approved a bill transferring end-of-year transfer power to the council, a measure White opposed, signaling possible fiscal turmoil through the year.
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