Fiscal crisis eased by Long Beach oil revenues in California
State finances rely heavily on oil and gas royalties, especially from the Long Beach Wilmington field. From 1966 to 1970 California collected hundreds of millions from oil, gas and lease payments with Long Beach contributing the largest shares. The funds support water projects, higher education and other state programs. The source notes the oil revenue is a crucial cushion amid tax and expenditure pressures.
MENTIONED IN THIS ARTICLE
Long Beach
Ibnington
Central Valley Water Project Construction Fund
State Water Quality Control Fund
State Water Project
Water Quality Control Fund
Higher Education
Iilion
California tax reform plan would halve property taxes
California leaders near agreement on a 14 billion tax reform plan to cap property taxes on homes under 10,000 and exclude much of expensive home value, with higher sales and income taxes and state withholding starting next Jan. The plan, a major bipartisan effort, includes 350 million in direct property tax relief, 250 million for schools, renter credits, senior relief, and business tax cuts. It targets fuel for school funding and aims to gain governor Reagan’s approval though the two-thirds vote hurdle remains.
MENTIONED IN THIS ARTICLE
Sacramento
California
Theepublican
Democratic Assembly
Jue Gonsalves
la Mirada
Bob Moretti
van Nuys
Hase Jung
Gonsalves
Ue Assembly
Ways and Means Committee
Moretti
Burton warns Reagan credibility harmed by welfare reform plan
Sacramento based Assemblyman John L. Burton, chair of Welfare Finance, says the Reagan administration will destroy its credibility as it unveils proposed welfare reforms. Welfare Director Robert Jeson was set to present figures before a joint Senate Finance and Ways and Means Committee session detailing the administration’s welfare reform math.
MENTIONED IN THIS ARTICLE
Sacramento
Preparation H Promises Quick Relief For Hemorrhoidal Itch
Tests on hundreds of patients in New York City Washington DC and at Mul west Medical Center show the Preparation H formula relieves burning itching and pain from hemorrhoidal inflammation for hours. The ointment and suppository lubricate protect the inflamed area and do not sting, offering soothing relief especially at night.
MENTIONED IN THIS ARTICLE
New York City
Washington, D.C
Mulwest Medical Center
Also Mentioned on This Page
L.B
Tybob Schmidt
Qur State Bureau
Treasuy
Long Each
Wilmington
Ulter
Lakewood
Carson St
Paramount Blvd
Assembly
Reagan
Heg
JBL Alpha
Rozak Symphony
Scott’s
Bret Pat Sean
Alamitos Long Beach
Sarsaotien
Moldemis Mers
Em Erle
E. Randolph ST. O
Town & Country Ra
Granth Restaurants
Burton
Cortez
Marcen
Seoni
THE
Book Emporium
U.S.A
Maico Clear Aip
East Broadway
Calif
Iezelbrook
Don Conte
Kealie Orient India
Alcon
Ra Tait
Dooley’s Hardware Mart
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