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Show ) S. T FOR your next party or gathering, how about a HAYRIOE? Up to 50 people. For parados E31 also. Call 795-268- 8. FOR Condo- - SALE: share 1 weak, Park City sloops 4 - kitchenette microwave, pool, golf and near mall $3,000 32 480-089- 1. Wed., August 11, 1982 Page Place lour Ads P0K7S AIRLINE CAREER! you or 18 or over, a high school graduate, you may qualify for AirhneTrave! training in Reservations Customer Service Ticket Agent Travel Agent Join a provon winnoH INTERNATIONAL Coll to fr.. AIR ACADEMY Hardworking Proposed amendment has political appeal ples to choose from. Truck seats $54.95 Naughyde only ((ester's Upholstery 350 S. 2nd W., Santaquln, E31.32 754-340- 1. If the proposed constitutional amendment to revise the Utah tax article is approved by the voters at the 1982 general elections in November, Utah would have the beginnings of a classified property tax. This point was made by Utah Foundation, the private tax research organization, in a study released this week. Under a classified property tax, certain types of property (such as business property) are assessed and taxed at higher rates than are other property classes (such as residential property). The Foundation observes that this practice often has considerable political appeal, because of the large number of homeowners in relation to the number of owners of business. Although most states have a de facto classified property tax resulting from assessment inequities, only ten states, the District of Columbia, plus several counties in Illinois have formal provisions for property assessment classification. Minnesota has the nations oldest and most elaborate system of property classification, consisting of numerous classes and subclasses with assessment ratios ranging from 5 to 50 of market value. Proponents of classification argue that the cost of homeownership can be reduced by shifting part of the cost to others through a classified property tax. They argue that- 1. Home ownership is a social objective that should be encouraged. 2. For the most part, ' d residences are not income owner-occupie- producing properties. 3. Business usually is better able to pay the property tax than is the private homeowner. 4. In some cases, taxes paid by business may be passed on to residents. 5. Since many states already practice de facto classification, constitutional classifications merely legalizes what has been the actual practice. Opponents of classification, on the other hand, argue that the practice e has effects, which are detrimental to the very groups that it was designed to aid. They point out that discriminatory business taxes inevitably reduce the communitys ability to raise the productivity of its economy. This results in a loss of jos and a lower tax base to support governmental services. The long-rueffect of classification, therefore, could be higher, rather than lower taxes. Included among the specific charges against classification are the NEED CASH? Are you willing to work? Eam or $100.00, $1,000.00 more monthly. Call E31 465-290- 8. ROPING SADDLE like new 15 seat $700.00 or bedst offer 465-963- Jason, 4 E31 VEGETABLES Pick your own or we pick to order. Available this week: green beans, yellow wax beans, green onions, carrots, head lettuce, leaf lettuce, zucchini and crook neck squash 7 a.m. to 7 p.m. Monday thru Saturday. Davis Farms, 540 West 400 long-rang- n So., Genola 754-315- 2. E31 APPLE TREE PRESCHOOL 2 or 3 days per week. Qualified teacher. Fall registration call Barbara E38 Warthen following: It legislates discriminatory and inequitable taxation, destroying the 1. fundamental theory of taxation based on the ownership of wealth. 2. It has a bad effect on economic development by driving existing businesses from the community and discouraging new ones from entering. 3. It makes the property tax particularly vulnerable to political bargaining by increasing the number of groups seeking special tax 465-910- 4. Cambodian work, special tax reductions for some who may not need them PROFESSIONAL needs or part-tim- e TREE topping and TRIMMING ful- 489-540- 7. Tree Valley and some small engine repair. Call Goahen. do typing and misc. clerical work in my home. Call Toni Please save this ad for future reference. 667-990- Tree Trimming Topping and removal. Shrubs, hedges, etc. Professional work done at amateur prices. Free bids. Utah Valley Tree Service notes economy trend The national economy moves into the third quarter bumping along the bottom of the recessionary trough according to Collin Allan Vice Pres, and Manager, quoting the First Security Newsletter. The quarterly report, which will be published this week, is edited by Dr. Kelly K. Matthews, vice president and chief economist for First Security Corporation, regional bank holding company. Real Gross National Product is expected to increase in the third quarter, but the pace of recovery in economic activity will be modest. An ending of the recession and an improved economic climate in the second half of 1982 will require increased consumer spending and subsequent inventory investment oy business. The consumer sector is reduced liquid reflecting quite indebtedness, real gains in income, high rates of return on savings and the 10 percent tax cut. Despite this impressive potential buying power, we expect spending plans - especially durables - to remain for cautious. Mounting unemployment, depreciated asset values and high interest rates will restrain consumer purse strings throughout the second half of 1982. Many industrial segments throughout corporate American are experiencing a severe liquidity squeeze. Continued high interest rates are e requireaggravating ments, while at the same time, many raw material commodity prices have flow plunged so sharply that cash from sales is insufficient to meet the costs of production. The fundamental cause of this which is continuing liquidity squeeze structural upon pain imposing major the mining, construction, agriculturindusal, manufacturing and thrift tries is the Congress of the United States and the huge prospective federal deficit looming over the credit markets. The Treasury is expected to borrow at least $90 billion of new half of 1982, money during the second while the recent budget resolution has little meaning in terms of actual, reduced expenditures for fiscal 1983. Interest rates are expected to vary near present levels during the third the quarter. In the second quarter unchanremained rate prime lending while Treasury ged at 16 12 percent, Bills varied between 12 13 percent. In the months ahead, the weakness of the economy and an easing demand big-tick- debt-servic- -- for credit will put downward pressure on interest rates, but the huge federal deficit will maintain continued pressure in money and capital markets. The Federal Reserve and its current monetary policy is caught somewhere in the middle. The central bank is very much aware of the fragil nature of the nations corporate financial structure and that continued high interest rates are pushing many firins ever closer to bankruptcy. A 9 12 percent unemployment rate -is also of which may go still higher deep concern to the Federal Reserve. The Fed remains convinced, however, that the growth of money and credit must be held within their target ranges if inflation is to be sustainably reduced. Business activity in Utah in the third quarter is expected to remain generally flat at the recessionary-induce- d levels recorded during the past several months. The tourist industry and other components of the service sector are experiencing growth, but basic raw material have been seriously industries impacted by the national recession. The unemployment rate in Utah will probably remain generally unchanged in the third quarter. In June, the jobless rate stood at 8.0 percent, the same as the previous month, but sharply above the 5.8 percent rate of a year ago. Currently, Utahs rate of unemployment is about 1 12 percentage points below the national average a differential that has been typical over the past several years. is Nonagricultural employment anticipated to continue a 1 percent growth rate in the months ahead. In June, nonagricul-trua- l employment reached 565,600, up 5,200 jobs or 0.9 percent above last year. Employment in the mining, construction and manufacturing sectors was 3,400 jobs below June of - year-over-ye- 1981. Consumer spending, as measured by retail sales tax collections, was up 10.9 percent for the first eleven months of fiscal 1982. In recent months, however, that rate of increase was much lower, approximately 3 12 percent. Reflecting the increased number of Western Airline flights, passenger activity at the Salt Lake Interantional Airport was up 47 percent in May. For the first five months of 1982, payment plans Experienced doctor E-- Z CERTIFIED We go anywhere shut-in- s, Call Bill baths, errands, etc. Experienced, caring, personnel. Dally, weekly 5 or 32 or 489-974- your own or we pick to your order. Available this week: green beans, 465-229- 2. Must sell 1977 Toyota Cellca GT, $3500 or best or offer, 798-79ask for Joe. yellow wax beans, Experienced manager Has worked as sales executive office manager, advertising dir. for large companies. Very good health background inreaearch dlv. volving Looking for solid, permanent firm to work with. Ask forL.C. at person. ssiH N.400W. Payson or 374-112- 0 465-335- 5 754-315- 2. (nnbo LOCALLY grown fresh produce now at Black-haw- k Trading Post In Springlake Utah. 465-442- 4. SEWW6 IHl RESIDENTS OF CENTRAL UTAH copoqcdo uu mo N.rrt, . SfMMi hrt, Irt MOM Mm (Ml ) van- - In ddo Doponuco SINeTHERESIDENTSOFCENTWUJTAIinKHMmtrkjtuusiiit Is interested in YOU! all over the country are facing hard times. Many are unemployed THE NEB0 EMPORIUM would like to help! If you are searching for work in today's market, just fill out the form below with your qualifications and we will run it one week absolutely We know people quick, effective way of letting yourself be FREE. A known to prospective employers! Let THE HEB0 EMPORIUM advertise for you! Send your ad in today. residential building permits totaled 2,929 (down 28 percent), but for the month of May, permits for new dwelling units readied 1,164, an increase of 4 12 percent above a year ago. The $121 million in Utah Housing Agency bonds sold in June, carrying a mortgage cost near 12 percent, will further increase home building activity in the months ahead. F raBCS? IFQ1 IMUMLY IQ - ; p.m. 6 an DO DUDODEUH DEOUEDUUDD i?o aoeooo ooaco green onions, carrots, head lettuce, leaf lettuce, zucchini and crooknack squash. Hours, 7 a.m.-- 7 p.m. Monday through Saturday. Davis Farms, 540 W. 400 S., Genola, 798-355- 7, Nonresidential construction value for the first five months totaled $197.7 million up 15.5 percent. Several large commercial projects, including the $400 million Triad Center, have been announced for downtown Salt Lake City. Residential real estate sales in the Salt Lake multiple listing area totaled 2,116 properties for the first six months of 1982, a dedine of 19.5 percent. Mortgage rates in the third quarter are expected to remain in the 16 12 17 percent range. The recent judicial decision, upholding the dause in mortgage contracts, may reduce the availability of mortgage-assumptiosales at below current market interest rates. The international recession in raw material commodity prices continues to be felt in Utah. Kennecott Minerals has reduced their work force by 1,950 employees at the Utah Copper division. Employment at U.S. Steels Geneva works has been cut by 1,550 and output has been significantly reduced. The changing economics of the international energy sources are also evident in Utah. Reduced gasoline demand and surplus OPEC production have softened petroleum prices and consequently there are currently 44 active drilling rigs in Utah compared with 72 a year ago. On the positive side, however, the $550 million Trailblazer Pipeline will be completed this fall to take natural gas from the Overthrust Belt to the midwest and the east coast. Increased spending for national military preparedness will also provide new jobs in Utahs defense and aerospace industry. 2-- nDunn&non eo 4 VEGETABLES-pI- ck 465-400- sales Call - i. Reasonable rates 375-909- Loving care for 31 LOCK SMITH start. - Free consultation Mon.-Wed.-Fr- ,w First Security Bank care. 798-208- 5. Professional 754-320- 8, 489-820- office for complete chiropractic WILL 4, 465-248- 9, Announces the opening of his E31 375-909- . Dr. Mark Romney SErvice Work Wanted: Can do all types of farm work. Also know how to weld 1 (3iflxgTljSBD0? removal. Shrubs, hedges, etc. Professional work done at amateur prices. Free bids. Utah Speaks limited English. Call N. Smith ltime. while raising taxes for some businesses which have difficulty in meeting the present tax load. 5. It separates the vast majority of the electorate from awareness of the property tax burden and lessens public opposition to wasteful expenditure programs. 6. 1? increases the tax burden to business which eventually must be ' , passed on to the consumer. 7. It makes administration of the property tax more difficult, and costly. Several years ago the commissioner charged with administering Minnesotas elaborate property classification system reported: I would like to sum up by saying that I have observed in respect to the classified property tax system that it cannot work equitably: that it has no effective brake on it; and that iteads to changes in the property tax law which are inspired by politics rather than economics. In general, I think that it is a hazardous experiment to treatment. 4. It provides refugee 465-227- Have mm Vancouver, Wo UPHOLSTERY SPECIAL Wo will recover your sofa and chair In 100 nylon cover for $390.00 complete. Over 40 sam- Services MONEY? fun earning money. Sell toys and gifts for the House of Lloyd. Free kit. No collecting or delivering. Free hostess gifts and supplies. Call or SWAP WATCH FOR MEETS. Greyhound Bus Stop Western Union Let our professional ad staff create some working sales messages for you . . . and watch the results pile up in profitsl H NEED Trading Post Highway 6 and 50 between Santaquln and Payson NOW OPEN. Added EXPAND YOUR HORIZONS! with on HAWK BLACK with Us for LOVE TO TRAVEL? E7 Work Wanted Ads Copy Must Be Received by Monday Noon. -- f due-on-sa- i i i i n The Nebo Emporium Micro Advertising 30 East 300 North Spanish Fork, Utah 84660 Minimum Charge - 4.qq (Writ Only One Word in each epaee There are fire words per Use) ! RUim iacUdi i t ptyieet m ini |