No State Tax Hire Yet Exceeds Revenue in Virginia Budget
Gov. Mills Godwin says next biennium budget requests will exceed estimated revenues by a wide margin. After briefing reporters, he would not commit to a tax increase and said decisions likely in fall depend on revenue trends. The administration notes maintaining services would require $400 million more, while agency requests total $800 million, needing $1.2 billion in new revenues to meet them.
MENTIONED IN THIS ARTICLE
Richmond
Mills Godwin
General Assembly
Godwin
Virginia
Chesapeake
Jack Davis
St. Brides Correctional Center
Davis
St. Brides
Norfolk
Florida to file charges in wide land fraud racket
Prosecutors plan criminal charges within a week against officers of up to 38 corporations in a Florida land fraud scheme. The probe alleges sale of fake mortgage notes defrauding 1,550 investors mostly retirees of 28 million dollars, with broader losses and possible political corruption hinted by investigators.
MENTIONED IN THIS ARTICLE
Tallahassee
Fla
Florida
Dade, Lee
Charlotte
Collier Counties
Gerald Lewis
Atty. Louis St. Laurent
St. Laurent
Virginia Leaders Weigh Rising Military Personnel Costs
Sen. William L. Scott voices concern that rising personnel costs could limit the ability to wage war or defend the country. He notes pay rises from 38 percent of the defense budget in 1954 to 55 percent today as force size shrinks from 3.3 million to 2.2 million.
MENTIONED IN THIS ARTICLE
Scott
Washington
Sen
William L. Scott
R-Va
Senate
Virginia
Denton
Bank Records Subpoenaed In Cost Overrun Claims
A federal grand jury in Alexandria subpoenas bank records of Roy L. Ash former OMB director and Litton Industries president for 1968 to 1974 credit agreements with Wells Fargo and Morgan Guaranty Trust. The focus includes Litton submarine contract cost overruns and related statements to stockholders amid a larger Navy Litton dispute. Dolly Saxbe voices optimism about India embassy life while noting official U.S. tensions.
MENTIONED IN THIS ARTICLE
Alexandria
Litton Industries
Roy L. Ash
Ash
Office of Management and Budget
Nixon
Ford
Litton
Grand Jury
Wells Fargo National Bank
Los Angeles
Morgan Guaranty Trust Co
New York
Ingalls Shipbuilding Division
Pascagoula
Miss
Navy Material Command
William Proxmire
D-Wis
Henry E. Petersen
FBI
Ingalls
Petersen
Navy
Penataton
Mechanicsburg, Ohio
Dolly Saxbe
India
William B. Saxbe
United States
Wallace Pays Himself Royalties From Campaign Treasury
Alabama Governor George C. Wallace paid himself royalties from his presidential campaign for use of his likeness in materials. He received 14,999 in two payments last year tied to medallions minted for supporters. Officials note such transfers are legal but politically risky and unusual practice.
MENTIONED IN THIS ARTICLE
Washington
George C. Wallace
Alabama
Wallace Camaaign
Wallace
Montgomery
Franklin Mint
Alton Dauphin
Campaign Corporation
Dauphin
New Federal Election Commission
Weather overview for Northern Valley and Winchester skies
Partly cloudy tonight and Saturday with cooler lows in the 50s and highs in the 70s. Chance of rain in the south with drier conditions elsewhere. Extended outlook shows seasonable temperatures in the 70s to 80s with overnight lows in the 50s and 60s. Rainfall totals and monthly averages are listed, noting records from 1970 to 1975 and moon phase for Sunday.
MENTIONED IN THIS ARTICLE
Asociated
Atlantic Coast
Central Appalachians
Gulf Coast
National Weather Service
Rockies
Virginia
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National Ave
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Braddock St
TURE
Mr. Reynolds S. “Doc” Armel
Macedonia United Methodist Church
Landon M. Russell
Full Gospel Assembly of God Church
Elm Street
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Fanny” Ford
Mr. Clyde B. Mauck
Carrie D. Bond
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Conner
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Ax County
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