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Show Utah Foundation gives Ctfii the of magic Christmas analysis of State finances fllfiB! in our lives Gl'iitlBS Victims Eri Back in the late ISOOs, sending greeting cards to friends and relatives at Christmas came into vogue for the first time. Those early Christmas cards were quite different from the cards you receive in your holiday mail today. Many greeting cards during the Victorian era featured satin fringes. Popular designs were centered about such subjects as birds, animals, flowers, and children in grown-uposes. p The first Christmas card was designed by John Cal-co- tt llorsley for Sir Henry Cole in IS 43. It read, To Uncles, Aunts, & Cousins, merry Christmas and a happy New Year to you. The illustration featured a family celebration, with glasses raised in a toast. A Another card of this era, features angels with trumpets and peacock wings, along with the message: Shout with joy ye mortals pray for Christ is born on Christmas Day. It was published by Louis Prang, a pioneer in the manufacture of holiday greeting cards. Prang perfected reproducing processes and sponsored art competitions to stimulate outstanding designs for his greeting cards. Many of his reproductions, involving as many as 15 colors, were so accurate they couldnt be distinguished from the originals. We can thank the holiday spirit of those living in the Victorian era for one of our nicest Christmas customs of all cheery, friendly greeting cards! Yule Elf You can tell when Christmas season is the ap- proaching; youngsters suddenly start picking up after themselves and minding Mom and Dad! But more important!) . the Christmas season has its effect on adults, too. Amid the busy preparations, we find ourselves being a little more patient, a little more thoughtful.' Perhaps its because so much of the holiday season is spent in making gilts for others or shopping for gilts mabe just basing to think about others wondering what Crandpa would like or whether your best friend is low on her favorite perfume puts us all in a more considerate . . . mood. Whatever the reason, as we get more and more involved in holiday preparawe find ourselves to striving to be kinder be more tolerant of that irritating neighbor, to be more understanding of that harassed clerks confusion. tions, ... Christmas is the time we become so busy thinking about others, we base little time to think about ourselves. Its the time we begin to discover peace within our hearts and suddenly feel that perhaps peace on earth is within reach. Our thoughts, when not preoccupied with preparations, turn to Christmases and memories of past . those grown older or perhaps passed away. We give thought to the ways of God and strive to be more worthy of His love by los ing those around us. And when Christmas Eve arrives at last and the packages have all been wrapped and put under the tree, we think of Him Whose birth- . In Sweden the Yultomten their gnome of Christmas, also known as Nisse. He is an elf or sprite. . The is Times-New- s Nephi, Utah December 18, 1975 finAlthough the short-terancial prospects for the State of I'tah are excellent, the picture is somewhat more uncertain. This was the conclusion reached by the Utah Foundation, the private tax research organization in their annual analysis of the condition of Utah state finances. According to the Foundation study, Utah should conclude the fiscal year present (1975-76- ) with a sizable surplus and balstate budget with ance its 1976-7no major tax increase. In fact, if the revenue and surplus outlook remain optimistic, there is a possibility that a tax reduction could be effected next year. reveBased on the nue estimates prepared by Utah Foundation, the State could end fiscal year with a surthe 1975-7plus in excess of $25 million. The . budget approved by the 1975 Utah Legislature indicated that the ending surplus would be less than $2 million. Among the factors accounting for this up in the parent improvement States fiscal picture are the follong-rang- 7 mid-rang- e 1975-76- lowing: 1. The revenue estimates used by the 1975 Legislature now appear to be somewhat conservative. The national recession has not had as severe an impact on the Nautilus Club Members of the Nautilus Literary Club met at the home of Evelyn Bosh for their annual Christmas party on November 11. Members present were Gae Sperry, Emalie Jones, Linda Whittington. Phyllis Ingram, Theryl Park, Marilyn Park, Alice McGuire, Beth Whimpey, Myrleen Liddiard, Doris Anderson. Anita Oliver, Sue Harmon, Connie Lofgran, Joyce Hamber-lin- , LuAnn Osborne, Nadine Blackett, Suzy Sheldon, Beth Sperry, Evelyn Bosh, and Shir-leeNewell. n Nephi news e amounts for new programs, s ures on the Mate in lutuic and or supplements to the years. amounts projected for regular 2. Highway financing has enappropriations. Foundation an- countered finamcial difficulties alysts warn, however, that part during (he past year. This has Utah economy as was first an- of the balance remaining alter required some financial support ticipated. providing for basic state expen lrom the state general fund 3. The added revenue from the (iiture 3 The Federal revenue sharrequirements represents 1975 state income tax increase is funds. This prenow supplying nonrecurring ing program likely to lx greater than was or- sents a potential hazard, be Utah with more Ilian $12 million case if such funds are used to a year in slate revenue is schediginally estimated. 4. The boost in state withhold uled to expire at the end ol the enlarge operating programs, ing rates should produce a one- financial problems could occur ltlViicaiendarye.ir time windfall" of $4 5 $5.0 mil- in the future when the nonrecur4 The 1975 Utah Legislature lion. several ring lunds are expended and enacted piograms 5. Hie ;i,j appropriation cuts revenue winch will have a delayed nil growth slows dow n. made by the Governor in 1974 While the short-rangfiscal pact on state finances. For ex tended to reduce the base on outlook ol the State is excellent, ample, the expanded retirement which the 1975-7there are a number ol factors appropriations program enacted by the 1975 w ere calculated. "Inch make the long range pic Utah Legislature provided lor a 6. Lapses from 1974-7approplure uncertain. The Foundation phasing in ol the necessary inriations were greater than an- report lists the following as pos- creased contribution rates. In sible clouds on the State s finan-- i addition, a new $70 million bond ticipated. 7. The required lapsing of exml horizon ing program was adopted this cess local taxes tor the school School enrollments in Utah year, but repayment ol the program will reduce stale costs are beginning to rise which will bonds is not scheduled to begin by nearly $10 million over a place greater financial pres- - until 19110. three-eaperiod ($0.9 million lrom 1972-7appropriation, $2.4 million lrom 1974 75 appropria Dotties Fashions tion, and an estimated $6,4 mil1975-7lion lrom appropriation). formerly owned by Dorothy Dutson This excess arises primarily assessed valuations and is now local contributions to the school program were underestimated at the time the program was being considered by the Legislaowned by Nelson & Dawn Taylor of Salem ture. The fiscal outlook lor 1976-7We Feature: also appears encouraging. Acrecording to the Foundation Short and long drosses Lingerie port, if per capita and per stu Blouses Pantsuits dent costs are raised 6 to reSweaters Washed Denims flect increases resulting from inSkirts Pants flation, and il revenues follow a Robes Most eerthing tor ladies projection, approxCount on Dawns for: imately $39 millin would remain for tax reduction, items such as buildings. Q)iw retirement accounts and benefits will be shown every half hour throughout the day, beginning at 9 a.m. one-tim- e Levan news Mr. and Mrs. William R. and family of Detroit. Michigan are v isit ing with Mr. and Mrs. Delw in Shepherd during the Christmas holidays. Mr. and Mrs. Dean Wood of Salt Lake City were visitors on Saturday at the home of Mr. and Mrs. Clark S. Wood. gift-buyin- N - six years. No requirement for a minimum deposit. Soft, Cuddly p rti Handmade Dolls Baby for the Just that thing special little someone on your gift list. Available at Mickelson's Cafe kiUMlI l I would appreciate the privilege of providing your insurance needs. AUTOMOBILE COMMERCIAL BOATS MOTORCYCLES GLASS SNOW MOBILES MOBILE HOMES BONDS OVER 25 YEARS INSURANCE SERVICE IN THIS AREA FIRE BUSINESS South Main The INSURANCE AGENCY K-- J J. K. 623-057- 5 Nortti Main 51 SPERRY, Phone 623-038- Agent 7 NepM, Utah imwii for reUDreomteint KSim E)o you can save up to SI 500 per year plus the interest it earns -without paying taxes on it during that year. to get a tax break in the year 1975, ycur retirement account MUST BE ESTABLISHED BEFORE DECEMBER 31, 1975. REMEMBER at least 1358 Bak-ersvill- 7Wo on accounts established for - Phone ft- 'awnd Nephi, Utah, West Center 105 g 61 JENKINS SERVICE Personalized Service ts Free gift wrapping is Helpful service for the husband. Don Finley returned to California on Monday of last week after visiting for a week with Mr. and Mrs. J. (). who do not presenty have a retirement plan where they work. LEARN HOW 9.95 mid-rang- PIMM individual MOBILE BOOTS e IV explaining ignition, surface-ga- p plugs, disk brakes, and more. Black with silver panels. SNOW 6 saws amid farmers, ranchers and business men 32-inc- 4 af We extend a cordial invitation to all e engines 340 or 440cc's, set low over h the skis. Wide ski stance, CD r in POT reed-valv- d e Mr. and Mrs. Reese Sherwood and daughter Carla were in Fairview on Sunday, December Taylor. 7, to attend sacrament meeting Guests at the home of Mr. and at the Fairview North LDS Mrs. H. Ray Francom on Sunward. The Sherwoods grandday were Mr. and Mrs. Leon daughter was blessed and namTobler and children of Salt Lake ed by her father, LaVerl Hansen. She was named Angela Citv. Hansen. Following the meeting, Mr. and Mrs. Leo Porter oi a family dinner was held at the home of Mr. and Mrs. LaVerl Ogden spent Monday afternoon Hansen. Others present were with Mr. and Mrs. W. Woodrow Mr. and Mrs. Albert Hansen of Beard. They were enroute to Fairview. Manti to attend a wedding. inJ Liquifire Liquid-coole- First Security Bank has qualified to provide you with a federally approved IRA (Individual Retirement Account) or Keogh (HR10) retirement plan. They are designed for people who dont have a plan where they work. How do you benefit? a to With IRA. You can save up $1500 year or 15 of your income, whichever is less, plus the interest it earns, without paying one cent of income taxes on either amount in that calendar year. You dont pay taxes until you retire, usually at a lower rate. We have made opening an approved IRA account quick and easy, so that you can qualify for your tax savings this year. First Security makes no charge for this service. With Keogh. You can save larger sums annually. This plan permits people to save a maximum of $7500 per year, or 15 of their income, whichever is less. It also has tax advantages similar to the IRA plan. Inquire at any First Security banking office. If you dont have a retirement plan where you work, get one at First reSecurity Bank. Remember, to get a tax break in 1975, you must start your tirement plan before December 31st. self-employ- ed First Security Bank Refreshments will be served throughout the day. First Firsl First First First Security Bank Aw I 1 a. a. a-- a t: F r Secun'y Ba-- k of total N F s' Secu"ty Ba'-- of laao N A Ban. Sail lake C fy. Ufa' Firs c Secy'll Ba-Sfa'e ot First Socjrf, Ba-Secu"y Security S'a'e Ban ot Kaysv.ie ba-- Sc''v a a- a pe a- -r j.-- y -- a 'u-- o s Ba- - 8 iojim N SA W,o Ie-s- et t NA u" 'jf of Vj'ray of 1.03a- - o Poc Sprir-y.ii- e a n Ea-- F D c. C ; 4 V t |