08 Feb 1992
Page 1
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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Feb 08, 1992
Page
1
Weekend forecast calls for sunny start then increasing clouds this afternoon. Cold with highs in the mid-30s and east winds 5 to 15 mph. Tonight remains cloudy with a 20 percent chance of light snow or freezing rain after midnight and lows in the mid-20s. Sunday stays cloudy with a 30 percent chance of light snow or freezing rain in the morning and highs in the upper 30s.
Investigators announced that a Wednesday fire destroying Henke Chrysler at 1185 Hickory was set intentionally. Ottawa Fire Chief Richard Towe said no arrest was near, with ATF and state agencies testing evidence. Co owner Jane Foulks doubts rebuilding, noting family losses in past floods and a 1954 tornado. Fire loss estimate near 400000 dollars.
The January unemployment rate held at 7.1 percent with 91,000 more layoffs, pushing jobless totals to 8.9 million. Economists warn the downturn remains entrenched as White House moves to extend unemployment benefits and markets react to Fed policy signals. The stock market briefly advanced on lower rates before fading as the Fed drained liquidity.
House Democrats unveiled a costly school finance proposal in Topeka that would raise per pupil spending figures to 3675 from 3656 and shift property tax responsibility to the state. The plan includes a 45 mill statewide levy, offsets lost revenues with state funding, and could cost the state $275 million to $347 million, with some districts facing budget reductions and a local option to boost districts’ spending.
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