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Show 1963 Legislature To Face State Bonding Problem One of tht? big issues facing the forthcoming 1963 Utah Legislature Leg-islature is whether the State should finance Its future building build-ing program by bonding or by continuation of the pay-as-you-go policy. . This controversy over bonding, which has plagued Utah Legislatures Legis-latures for the past decade or more, is analyzed in a comprehensive compre-hensive study of Utah's. state building program just complet ed by Utah Foundation, the private pri-vate governmental research agency. ag-ency. , . The? study points out that for the past several decades Utah has generally followed a pay-as-you-go approach in meeting Its building needs During the past three sessions of the Utah Legislature, however, borrowing of nearly 13.5 million was authorized au-thorized from state fund bailees bai-lees for various building projects. pro-jects. Advocates of bond'ng assert that borrowing is the only way o obtain the large sums of money mon-ey needed to meet urgent state building needs. They also claim that bonding (1) could be cheaper cheap-er than pay-as-you-go because of rising building costs. (2) would ptvmlt the fttate to adhere ad-here to a long-range develop now being spent for building purposes, and that bonding would restrict' legislatures In ability to meet basic operating and building needs. Pay-as-you-go advocate also oppose bonding because they claim it (1) offers a strong temptation temp-tation for government to indulge in-dulge in unwise or excessive expenditures. ex-penditures. (2) would add between be-tween 15 and 35 per cent to the eventual cost of ' capital pro-ects, pro-ects, (3) Would discourage new Industry from , locating in tht' state, (4) would lead to fiscal Irresponsibility and damage to public credit, and (5) is immoral immor-al for one generation to bind another through long-term public pub-lic debt The Foundation study reports that Utah has spent 69. million for construction, repair, and remodeling of state buildings during the past twelve years. Despite these expenditures, un-xat'i un-xat'i state building needs, as estimated es-timated by the various Institutions Institu-tions and the Building Board, are in excess of 100 million for the decade ahead. Most (nearly DO per cent) of the estimated unmfi state building buil-ding need is centered in the trtlt.itlons of higher learning. created by this anticipated wave of new students, several of the Institutions are also faced with the task of replacing temporary tem-porary structures which have been used since the end of World ..War n and modernizing other parts of their physical plants. The Foundation study notes that there has been no objective objec-tive evaluation of the building struction as well as economies in current operation. Foundation analyst offer, a final sobering thought with the observation that Utah's finan-' rial problems do not end with the completion of new building projects. They point out that in most cases, additions to the State's physical plant result In permanent increases not- only in building maintenance, but more significantly in the scope ment program, (3) would satisfy immediate building needs and reduce the appropriations now eoing - for building purposes, thereby releasing revenues for current operating purposes, and (4) would require part of the cost for such buildings to e borne by taxpayers in future vears who would also enjoy their ust Proponents of pay-as-you-go, on the other hand, deny that bonding would release additional addition-al funds for operating purposes. They point out that debt retirement re-tirement and inttVest costs would approximate amounts needs, as reported by the var ious institutions in order to measure the relative building of government activities, the size of government agencies. according to the report. Enroll-uitnt Enroll-uitnt at these instltutons Is expected ex-pected to rise more than 50 per cent by 1970 and 80 per cent by 1975. In addition to meeting the demand for new facility's needs. Building Board officials and the general level of govern- indicate that these studies, when completed,, could lead to substantial savings through -the Xient costs. . August 16, 1943 The 4th Marine. Ma-rine. Division was activated at Camp Pendleton, California. elimination of unjustified con-H THE AMERICAN FORK CITIZEN, Thursday, August 16, 1962 FREE! ICE (REAM & COOKIES AIL DAY SATURDAY CHILDREN MUST BE ACCOMPANIED BY PARENTS GRAND PRIZE DRAWING 5:00 P. M. SATURDAY, AUGUST 18th FREE! BOYS' or GIRLS' ' mem 26 inch g icy (IE- RETAIL VALUE 549.95 Pay ROUND BONE ret test POT ROAST LEAN FRESH BLADE GUT GROUND BEEF WILSONS lb POTATO SALAD ib. 55 2 lbs- 05 -ib. 29 1 1 DEL MONTE CREAM STYLE CORN No. 303 cans $1,00 CLOVERLEAF ice grealt ANY FLAVOR . Watch for Our in Store SPECIAL WATCH FOR CLOVERLEAF "LUCKY BILL' CLOVERLEAF COTTAGE CHEESE y DEL MONTE FRUIT COCUTIL No. 303 5 $1.08 ORICA MANDARIN ORANGES 14 OZ. PIERCES CATSUP WHITE OR ASST. ZEE TOILET TISSUE RED ALASKAN DEL MONTE - SALE10N tall can 89 5 cans SI .CO 6 bottles 81.09 12 rolls $1:09 CHUNK STYLE CARNATION TUNA 4 cans 81.00 LARGE 22 OZ. HEWLETTS , ' SYRUP rn 3 bottles 98$ SUPREME CHOCOLATE FUDGE ' 1 BOOKIES 2 lb. pkgs. 69 12 OZ. CAN DUBUQUE .x LUNCHEON HEAT 39c LARGE 46 OZ. TREESWEET GRAPEFRUIT JUIGE 4 cans S1.00 PETER, PAN BREAD 4 loaves 09$ 40 OZ. JAR HEWLETTS : STRAWBERRY JAH 69 ZV2 CAN DEL MONTE OR F&P PEACHES 4 cans S1.G0 GARDEN FRESH PRODUCE 'RED RIPE ICE COLD" t . ;.' . .-A ASST. FLAVORS FROST V FLAME FRUIT PIES RED -4 VALLY-HI WATEttHttOHS M Crapes merries .7 ? t yS 34 0 LB. .1 V . V J XL- Mi SNOW CROP PEAS GREEN BEANS fillXED VEGETABLES match MIX OR Tfor $1.00 6 pkgs- $1.00 g pkgs. $1.60 LARGE CHOICE ' K ' ' ' i ' " PRICES EFFECTIVE THURSDAY, FRIDAY & SATURDAY ..' '' . ...... r 0 J u JVv WE GIVE GOLD STRIKE STAMPS 31 SOUTH 1ST WEST - AMERICAN FORK . 7 |