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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jul 17, 1986
Page
6
National Hyatt horror remembered with reflections on a tragic incident. Corporate tax figures underscore why the rich get richer and widen economic divides. Courts entering municipal labor fray signals rising legal action in city workforce matters.
The House voted 339 to 72 to reaffirm $11.7 billion in across the board cuts made last March, despite Supreme Court questioning the automatic mechanism. Senate action expected soon. deficits for the current year run about $220 billion with these cuts.
Franklin County Commission heard Ottawa officials press for funds for economic development. Mayor Jerry Thompson and City Manager Lyle Dresher urged county support, with Greater Ottawa Chamber of Commerce head Robert Whitworth answering questions on potential funding and membership fees.
The Ottawa weather report shows 92 degrees at the water plant with a 73 low as a hot week hinges on forecasted conditions. County officials debate OFCED membership fees and private sector participation while awaiting the auditor to review economic development funding and the 1987 budget next Wednesday.
The Kansas Corporation Commission approved a 32.3 million refund for about 800,000 Southwestern Bell Telephone Co. customers in Kansas. Credits will appear on bills beginning in September, with exact average amounts not yet known, linked to a Supreme Court ruling on state depreciation formulas.
LTV Corp the parent of a major steel company filed for Chapter 11 reorganization citing ongoing weakness in steel and energy operations and liquidity problems. The move allows continued operations while restructuring debts of 2.6 billion as of 1985 with 1985 debt service at 430 million.
Twenty two lawmakers from the House and Senate tax panels met after a White House session with President Reagan to draft the final version of a sweeping tax code. They favor lower rates but differ on shifting the burden from middle income taxpayers to business and debate the fate of fully deductible Individual Retirement Accounts, a key point of contention. Rep. Dan Rostenkowski and Sen. Bob Packwood urged restraint from White House commentary to keep talks bipartisan as they move toward a compromise.
Gov. John Carlin formed a 11 member Pari Mutuel Task Force to study other states and advise on legislation for horse and dog race betting in Kansas if voters approve a constitutional amendment. James Coffman chairs. members include Albert Becker Al Biasing Keith Dillon Helen Teichgraeber and lawmakers Rex Crowell Edward Reilly Jack Steineger and George Teagarden.
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