Thorn cites tax law quirk and rate recalculation
Jones County Judge Roy Thorn says legal notices about a tax hike mislead due to a Truth in Taxation Act requirement. The calculated rate is .2273 per $100, vs last year’s .80 at 30 percent valuation, meaning the overall tax bill remains the same barring new improvements and oil revenue. A public hearing is set for July 28 at 7 p.m. at the Jones County Courthouse.
MENTIONED IN THIS ARTICLE
Roy Thorn
Jones County
Thorn
Stamford council approves industrial development corporation
The Stamford City Council approved forming a non-profit Industrial Development Corporation to issue tax exempt revenue bonds for industrial, manufacturing and medical projects. A three member board will be appointed July 27 to draft a charter, with bonds capped at 10 million statewide and a 1500 filing fee. Existing local businesses may participate in securing bonds.
MENTIONED IN THIS ARTICLE
Stamford
Charles Brownfield
Gary West
West Texas
West
Texas Industrial Commision
Texas
Bill Clements
Stenholm Leads Quarter Horse Show Ahead of Tax Cut Drive
U S Congressman Charles Stenholm, active with the Texas Cowboy Reunion Quarter Horse Show, signals a busy July on Capitol Hill. He and Reagan aim for a five percent tax cut by October 1, counting on Congress to pass meaningful reform before its summer recess.
MENTIONED IN THIS ARTICLE
U.S
Charles Stenholm
Capitol Hill
Stenholm
Reagan
Congress
School Board hears gifted program ideas
Linda Lamphere of Hamlin ISD presents the KNACK gifted program aiming to identify screen enroll and evaluate gifted students this fall. The plan would reverse classroom time to favor gifted instruction and the board hopes to adopt a similar program in Stamford. The meeting also covered bilingual education rulings and a projected 1961 82 budget deficit of 71 574 with a directive to trim expenses.
MENTIONED IN THIS ARTICLE
Linda Lamphere
Hamlin Independent
Stamford County Line Independent
Hamlin
Stamford
Texas
Don Howard
William Justice
Clyde Hall
Stenholm Predicts Busy Congress Amid Tax Bill Debate
Rep Stenholm outlines three tax bill goals including marriage tax relief, higher inheritance tax exemptions to 600000, and a 25 percent tax cut over three years. He notes Congress will advance the 1961 Farm Bill and budget work, with Reynolds Reagan deal affecting 11 billion in additional cuts.
MENTIONED IN THIS ARTICLE
Congress
Senate
House
Rep
Stenholm
Treasury
Agriculture Committee
Reagan
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