Governor Castro Presses Realistic Budget For Arizona
Arizona Governor Raul Castro warned the legislature of an unhealthy fiscal position with an unreal budget. He ordered a 5 percent cut across state departments and promised a true budget aligned with revenue forecasts, noting a revised income of 879 million and dwindling reserves. A cash flow risk looms in April with over 50 million owed to schools, while inflation erodes next year’s purchasing power. He urged restraint on taxes and vowed to curb inflated departmental requests as part of a broader plan for the current year and next fiscal year. A House panel also moved to spur growth by guiding public funds into private investments, including mortgages, CDs in state banks, and higher retirement fund allocations.
MENTIONED IN THIS ARTICLE
Phoenix
UPI
Raul Castro
Arizona
State Board of Regents
Jack Williams
Castro
Williams
House Committee
House Banking and Insurance Committee
State’ Board of Deposit
SFT
Larry Bell
Bell
Sali Ws Saaresivas
Annan
ERA ratification hearings open in Arizona legislature
Hundreds gather as ERA debate unfolds in Phoenix hearings. Supporters and opponents press the House Judiciary Committee on whether Arizona should ratify the Equal Rights Amendment, with a Senate vote anticipated next month.
MENTIONED IN THIS ARTICLE
Phoenix
UPI
Arizona
U.S
Senate
Judiciary
Peter Kay
Phoenix-Scottsdale
Washington
Kay
Mark Harrison
GM toOffer Rebates on Subcompact and Compact Cars
United Press International reports GM will pay rebates ranging from 200 to 500 dollars across its sub-compact and compact model lines in response to rival programs. In Washington, Senate Democrats vote 45 to 7 to form a select committee to probe CIA FBI and other intelligence agencies, modeled after the Watergate panel.
MENTIONED IN THIS ARTICLE
Detroit
General Motors
American Motors
Chrysler
Ford
G.M
Washington
Senate
Democratic Caucus
CIA
FBI
John Pastore
Energy agency chief urges brake on consumption
Dr. Robert Seamans Jr. took command of the new federal energy agency and called for nationwide conservation to reach the goal of U.S. energy self sufficiency. He warned that without reduced use the objective cannot be met.
MENTIONED IN THIS ARTICLE
Washington
U.S
Robert Seamans, Jr
Venezuela to propose oil tax and price reform
Venezuela ready to announce a reform package on oil taxes and prices after cabinet approval. Mines minister says the plan aims to raise state revenue from the current nine dollars per barrel to levels desired by OPEC. Venezuela remains a major source of U S oil imports.
MENTIONED IN THIS ARTICLE
Caracas
Venezuela
Carlos Andres Perez
Organization
U.S
Story
Attorney General Acknowledges FBI Access to Congress Data
William Saxbe says the FBI sometimes gets information on members of Congress. He notes material is kept in secret dossiers. The rest of the text mentions weather with highs in the 70s and 40s overnight and mostly sunny, breezy conditions.
MENTIONED IN THIS ARTICLE
Washington
William Saxbe
FBI
Congress
Ford outlines energy package and tax rebates in White House briefing
President Ford prepared a proclamation to tighten oil imports and announced a news conference to explain measures. He planned a $1 to $3 per barrel oil import fee timeline and a $2 barrel excise tax proposal for domestic and imported crude oil, with tax credits to follow.
MENTIONED IN THIS ARTICLE
Washington
UPI
Ford
Ron Nessen
MIT
Nessen
Congress
Macumber Defended by Character Witnesses in Murder Trial
Defense attorney James Kemper told a superior court jury that William Wayne Macumber could not have committed the May 1962 slayings of Joyce Sterrenberg and James McKillop. About 50 people heard three character witnesses describe Macumber as a law abiding citizen and helpful neighbor at the Phoenix trial.
MENTIONED IN THIS ARTICLE
James Kemper
William Wayne Macumber
Kemper
Macumber
Joyce Ann Sterrenberg
Scottsdale
James T. McKillop
Harold Macumber
Missouri Avenue
Phoenix
Dick Deppy
Deppy
Stevens Keller
Air Force
Bill
Council plans discuss resort corridor options on Scottsdale Road
Scottsdale city council and planning commission convene to review two alternatives for the resort corridor along Scottsdale Road between McDonald Drive and Indian Bend Road. Residents fear creeping commercialism and traffic while developers backed by Bennie Gonzales push for resort oriented plans and a northern Paradise Valley shopping center.
MENTIONED IN THIS ARTICLE
Planning Commission
Scottsdale Road
McDonald Drive
Indian Bend Road
Paradise Valley
Scottsdale
Bennie Gonzales
McDonald
Gonzales
The
Scottsdale Seven
Asymore
Scottsdale School Board set to weigh 1975 76 budget
Scottsdale officials prepare for a Tuesday budget session detailing a 980 435 reduction to cover a 1 000 across the board teacher raise and other costs. The plan cuts 75 teaching jobs eliminates elementary athletics and raises class sizes while governing bodies clash over salary demands.
MENTIONED IN THIS ARTICLE
Scottsdale
44Th St
Jack Kearney
Kearney
Scotiadale Federation of Teachers
Afl-Cio
Also Mentioned on This Page
Bob Johnstone
Second Street
Brown Ave
Matt Herring
Chamber of Commerce
House Judiciary Committee
Bess Stinson
Paul Sholin
St. Mark’s Presbyterian Church
Tucson
Arizona Ecumenical Council
Tucson Ecumenical Council
United Press International
Dems
Saxbe
White House
Roy Ash
Alan Greenspan
Council of Economic Advisers
L. Willman Seidman
Treasury
William Simon
Simon
Federal
Frank Zarb
Rogers C. B. Morton
Zarb
Ron Nesseh
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