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Show New Spending And Tax Limits Will Require Tighter Budget Orem-Genevft Times- "July 19, 1979 Because of tax and expenditure limitation legislation enacted by the 1979 Utah Legislature, local units of government govern-ment and the state of Utah will have to undergo under-go considerable budget tightening after this year. This was the conclusion reached by Utah Foundation, Founda-tion, the private research organization in an analysis of HB 303, which was approved earlier this year. According to the study, if the limitations had gone into effppt ith the 1967-68 fiscal year, cumulative state and local savings in Utah over the following tenyear&would nave amounted to $674 million. By 1976-77, total state and local taxes would have been reduced by $160 million per year, or 19 below the amount actually collected. Such a reduction would have necessitated much closer scrutiny of spending spend-ing priorities, and some activities and services performed would have elimi- Pan Hie epiPilii i in option fl ID teliygi... tj 1 Litis toOiifoIl Think UNITED THRIFT The Lending People o WE'RE UTAH PIONEERS , IN ' FLEXIBLE LENDING offering unlimited ways to borrow money for any WORTHWHILE PURPOSE under our unique ill SERVICE How's this for Flexibility? You and one of our accommodating loan counselors will design and write the terms of your own personal loan. We'll help you customize your loan to best serve your interestwhatever inter-estwhatever the need! AND, WE DON'T CONSIDER THE FOLLOWING FOL-LOWING REASONS "FRIVOLOUS!" VACATIONS, VACA-TIONS, NEW AUTOMOBILE, SWIMMING POOL, HOME ENTERTAINMENT AREA, NEW HOME FURNISHINGS, EXTRA BATH, WORK SHOP, GOURMET KITCHEN, RECREATION REC-REATION VEHICLES OR CAMPERS. WE'D LIKE TO LEND YOU MONEY TO IMPROVE YOUR LIFE STYLE. Simple interest. .signature & personal loans. Home equity . . . Land contracts . . . First and Second Trust Deeds. Real estate - paid for or not -improved or unimproved TONY EVANS Vice President and Manager of United Thrift's Orem office. 1 ' it . .! in i it jfeWj in rm Ji ilMMll 212 South State Street Orem. Utah - 225-0571 &XXZi iir ia&i'i.,-?- yvCw--JW- rH&ivM . currently probably been reduced or nated. When the limits become be-come effective, state appropriations will be allowed to rise by not more than 85 of the percentage increase in the state's personal income. in-come. For local units, the increased ceiling in local taxes will be equal to 90 of the increase in per capital personal income in-come with an adjustment for local population changes. These limits will have the effect of gradually reducing the proportion of Utah personal per-sonal income going for state and local taxes. Foundation analysts point out that a major problem in implementing the limitation plan will be the difficulty in developing develop-ing the basic data (such as local population statistics) statis-tics) on which the limitation limita-tion will be based. Responsibility Res-ponsibility for developing these data rests with the legislative fiscal analyst. Another problem, according to the Foundation, Founda-tion, is with respect to application of the law to local school districts. Because Be-cause a substantial portion por-tion of the total local t school tax levy is the 24 mills required for participation partici-pation in the basic school 'program, districts with rapidly rising assessed valuations will be adversely adver-sely affected by the limi- 'tation provisions. In some instances, application applica-tion of the limitation formula could completely eliminate the capital outlay out-lay program of a local district. Although the 1979 Utah Legislature did enact this statutory measure mea-sure which places a lid on state spending and local taxes, it did not approve a resolution to limit expenditure increases in Utah by constitutional means. Many tax and expenditure limitation proponents contend that such a constitutional amendment is needed to prevent special interest groups from forcing a breach in the established limits. They claim that constitutional limits are necessary to prevent government from taking an ever-large share of the total economic pie. Critics, on the other hand, argue that a constitutional consti-tutional spending limit expresses a basic distrust of representative democracy demo-cracy and tends to destroy the flexibility required by government to deal with continually changing problems. pro-blems. It therefore becomes difficult to meet sudden emergencies when government spending limits are locked in by a constitutional amendment. amend-ment. The new statutory limitations will become operative in fiscal years after December 31, 1979, for local units of government govern-ment and after June 30, 1981, for the state of Utah. Thus, the limits will be applied to counties and specified special districts with the 1980 calendar year, to municipalities and other local units with the 1980-81 fiscal year budget, and to the state with the 1981-82 fiscal year budget. RcilrcGtls Sign Sole Contract The Denver and Rio Grande Western Railroad announced that a contract of sale has been signed conveying the historic Durango - Silverton narrow nar-row gauge railroad to The Durango-Silverton Narrow Nar-row Gauge Railroad Company. Com-pany. Unprecedented development develop-ment of the line was promised pro-mised by the buyer. Charles E. Bradshaw, a leading citrus grower of Orlando, Florida, is president pre-sident and chief executive officer of the newly formed form-ed company. His organization organ-ization has succeeded over more than a dozen others who in the last 25 years have sought to acquire ac-quire the mountain railroad, rail-road, now a world tourist attraction. VALLPA GHAtJD OPENING OF OUR NEW PROVO STORE JUNE 29th THRU JULY 31st V rQ If II- II 1 1 A-- rr-rZ iiiiTiiiiiiw- W UTAH'S LARGEST rviniciur gjjWAUPAPE R STORE! CHOOSE FROM ANY OF THESE mm mts I . ?Ki, r in mum , II IIIIMII ... .. jlI.U LSS v j (Ml V .SIN STOCK .& EXAMINE. CHOOSE ONE FROM ANY OF THESE r JC IGOL EIITS With $75.00 purchase IC corner GUARD With $50.00 pwrchatt JC i'JAIER TRAYS With $50.00 purchai C CSOCJEI! CUTIER With $50.00 purchai C3T CT J l I 1 t -3h B ii JSi WE HAVE OVER 60,000 ROLLS IN STOCK 111 lmAO FEEL & EXAMINE. Uii B01S Ann IN STOCK - NO WAITING rran n n ! r- . SliMm I wm Pk tm wm I I I n LU LUS GLASS 20511 El S L ! ( GREETING q x-v (l o r8(l Jh i 1 u z wu u J I " (? A 0 ? 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