California gains AAA credit rating from Moody’s
Moody’s Investment Service upgrades California from AA to AAA, signaling lowest borrowing costs for state bonds. Treasurer Ivy Baker Priest calls it the biggest and most favorable financial news in years, predicting millions saved in interest as $1 billion in bonds are sold and annual issuance remains substantial.
MENTIONED IN THIS ARTICLE
Sacramento
California
Ivy Baker Priest
Moody's Investment Service
Priest
Pricipal
Standard and Poor
Surpluses Seen for Medi Cal and Welfare Programs
Sacramento reports indicate Medi Cal and welfare may end the 1972-73 fiscal year with surpluses. Health and Welfare Secretary Hart Brian notes early spending for the first two months shows a positive trend while welfare caseloads fell again in August.
MENTIONED IN THIS ARTICLE
Sacramento
Hart Brian
Brian
Houston Flournoy Naid
Medi-Cal
Aelfara
Blan
Lottery Initiative Drive Begins for 1974 California
Sen. Mervyn M. Dymally of Los Angeles announced a push to place a state lottery on the 1974 ballot. He said revenues would cut property taxes and support education, noting Californians spend about seven billion dollars annually on gambling. He added the campaign starts two years early for full public debate.
MENTIONED IN THIS ARTICLE
Sacramento
UPI
Mervyn M. Dymally
Los Angeles
Dymally
Concord air show canceled after Sunday Sacramento crash
Concord chamber cancels a display of vintage airplanes at Buchanan Field following Sunday night crash of a Korean war era F86 jet at a Sacramento air show. Twenty two people died in the accident, prompting concerns about the planes flying in and out. Jay Walton, the chamber's general manager, said the public might be worried about the old planes.
MENTIONED IN THIS ARTICLE
Concord
Concord Chamber of Commerce
Buchanan Field
Jay Walton
Chamber
Sacramento
Wallon
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ELAS
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Bayt Tits
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Ana
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