Taxpayers set to shoulder higher costs next year
Inside Highlights notes that many American taxpayers are likely to pay more next year. The page references broader fiscal trends and potential policy effects impacting personal finances.
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Newspaper
Ottawa Herald
Location
Ottawa, Kansas, United States of America
Date
Jul 31, 1986
Page
6
Inside Highlights notes that many American taxpayers are likely to pay more next year. The page references broader fiscal trends and potential policy effects impacting personal finances.
The sports page reports the players union gaining ground in a drug testing dispute with management as Royals endure another winless stretch amid ongoing turmoil.
A brief note across pages seven and ten references ongoing drought in the Southeast and a final look at the Titanic grave site, signaling continued attention to relief efforts and maritime history.
House negotiators push a multibillion-dollar corporate tax increase as they finalize a tax overhaul plan. They seek higher business revenue to fund relief for middle incomes, clashing with Senate concerns about impeding the economy.
Franklin County faces a $5.85 million budget funded by a 39.47 mill road and bridge levy expected to raise $2.49 million, $754,346 more than this year. The plan includes tort liability funding, a reappraisal levy, and a final courthouse renovation payment that ends debt financing for the year.
Gene Bicknell, Pittsburgh magnate, reported 924000 in loans to his campaign for governor as eight GOP candidates raised 3.13 million and spent 2.85 million with primary nearing. Other candidates include Jack Brier, Larry Jones, Mike Hayden, Barbara Pomeroy, Richard Peckham, Bill McDonald and Lt. Gov. Tom Docking who lent none.
Secretary of State Jack Brier denounces state leaders over temporary loans among bank accounts and the use of certificates of indebtedness and participation. He questions a $1.7 million airplane financed on credit and calls for a ban on interbank loans. Swenson defends the practice, citing no idle funds loss.
The Senate voted 63-36 to revive automatic spending cuts by shifting the comptroller general role to the president’s budget director with Congress controlling economic estimates. The move aims to reimpose discipline toward a balanced budget under Gramm Rudman, with a projected 3.5 percent average growth.
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