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Show Lakeside Review, October 9, 1980, Pape 11 Ff ; Economy Review Consumer Price Index 249.3 (247.6) The consumer price index is changed on or near the third Friday of the month, according to the University of Utah Bureau of Economic and Business Research. The base year is 1967. That is, items that cost $100 in 1967 cost $249.30 today. The previous months index is in parenthesis. Home Mortgage Rates Conventional FHAVA 14.083 (13.916) 13.0(13.0) Mortgage rates are an average of the rates at three lending institutions in the area. Conventional rates are for 80 percent loans. We have ignored discount points. Last weeks figures are in parenthesis. Money Market 11,390 (11.968) minimum) ($10,000 th Rate 12.0(11.30) ($100 minimum) The new rate is effective each Thursday morning. This is the rate effective today. The interest changes less frequently and, lately, less . regularly. Last weeks figures are in parenthesis. 30-Mon- th Committee Appointed For Vocational Center jr PRESENTING A CHECK for $1,500 to Weber State College President Rodney H. Brady (left) and Dr. Sterling Sessions, dean of the WSC School of Business (center) are Family Bank President James W. Brown (second Family Barak On Oct. 2, the grand opening for the Roy office of Family Bank was held. The ribbon was clipped by Mayor Joseph Dawson with the assistance of Dr. Rodney Brady, president of Weber State College. The ribbon was a strip of simulated U.S. currency and was donated by Family Bank to the Weber County Hospital of Roy. Dawson, on behalf of the Roy City Council, read a letter of appreciation to the Family Bank and the developers of the Family Place commending the people involved with the development of the facility and their progressive positive attitudes in connection with the construction. from left), Val D. Costley, branch manager Vidalakis, chairman of the board of the bank. Celebrates Opening The mayor said they considered it a first-rat-e building and was one of the bright new spots in the amily Bank occupies 4,500 square feet of the building located at 5201 So. 1900 W. The Bank features five lobby teller windows and five City of Roy. At the ceremony, Dr. Nick S. Vidalakis, chairman drive-i- n lanes, one lane expressly raised for use by drive and pick-u- p trucks ... of the board of Family Bank and James W. Brown, A night depository and an interior walk-u- p window president, presented to Brady and Dr. Sterling Sessions, dean of the Weber State College School of are also featured. The building was designed by Business a $1,500 check to be used in the development Design Sources, Inc. of Ogden, and constructed by of the new business building. Big D Construction Company. The lobby has been decorated using finished oak Construction of the building will begin in the next and earth tones. Manager of the bank is Val D. few months. Brady spoke on behalf of Weber State Costley and assistant manager is Lance C. Green-wel- l. College and thanked Family Bank for the donation to the business building fund. Family Bank was organized in March, 1977, and now has almost $10 million in assets. The banks main office is located at Five Points in Ogden. Members of the board of directors include Vidalakis and Brown with Dee Livingood, corporate and director; Edward B. Rich, David B. local tax total than they did ten years ago. On the secretary Coats and Dale C. Robertson, directors. other hand, the sales and use tax, the income tax, and Family Bank is open for banking service on the unemployment tax have grown in relative imfrom 10 a.m. to 2 p.m. at the drive-i- n Saturdays portance. It was also noted that the taxpaying f facility. been businesses has capacity of individuals and The bank established the first : Saturday bank reduced by reason of federal income tax increases service for Weber County in early 1978. resulting from inflation. According to Costley, bank .customers rate State and local tax collections in Utah climbed by Saturday banking service number one on their 1979. 177 percent between 1970 and Despite this list. Gifts will be available for new acsubstantial rise in tax collections, the increase has preference counts until supply is exhausted. not been as great as that experienced by many of the invited potential customers, to come to the Costley this states other period. during bank to meet his staff and establish accounts. The F four-whe- Funding would come from the school districts, Weber State and from various state and federal sources. . Although Utahs economy to grow is expected problems. This was the conclusion of Utah Foundation, the private research organization, in a study of state and local financial prospects for the decade ahead. While tax revenues will continue to rise with economic growth and inflation, the Foundation indicates that they are not expected to keep pace with the demand for increased expenditures in the years ' ahead. ' Morever, there also is the likelihood of a reduced proportion of federal aid coming to Utah during the 1980s. Thus, state and local governments increasingly will have to solve their problems with their own resources in the period ahead and not rely as much on help from Washington. In addition, Foundation analysts list the following factors that will place added strain on state and local finances in the 1980s: 1. New spending programs were started when surplus funds were available. If these programs are continued, added costs may be required. . 2. State and local units are left with the responsibility for funding some of the programs originally started with federal aid. 3. Federal revenue sharing may be trimmed for local units and eliminated altogether for the State. 4. State and local units will be faced with sharply higher Federal Social Security costs in the 1980s. 5. School enrollments are projected to increase dramatically in Utah during the next ten years. This will increase the need for new school construction and for greater school operating expenditures. volume ; 6. Unlike the private sector where greater costs unit lower in through results usually economies of scale, unit costs for government tend to rise with increased growth and higher population density. 7. Instead of balances and surpluses that existed enthroughout most of the 1970 decade, the State is revenue serious with shortages. tering the 1980s 8. Tighter credit restrictions and high energy costs are causing a slow down in state revenue growth. 9. If either or both of the initiative proposals to be e voted on in November is approved, Utahs financial outlook would be further jeopardized. The Foundation study points out that there has been a general legislative policy to reduce governmental dependence on the property tax in Utah during the past ten years. As a result, the proportion of state and local revenue derived from the property tax has been declining. In addition to the property tax, highway-use- r taxes, alcoholic beverages taxes, and miscellaneous taxes are producing a smaller proportion of the state and more persons joining the ranks, either for the enjoyment of the work or the necessity of saving money, all it takes is one strike and you can be in serious pain if you run afoul of the safety guidelines recommended by the Hand Tools Institute (HTI), an association of American and Canadian hand tool manufacturers. In its campaign to prevent accidents and promote safe use of hand tools, HTI cautions that one of the most common safety abuses of the common nail hammer is trying to make it do too many jobs for - With more and which it was not intended. The common nail hammer is designed for driving common and finishing nails only and nail sets. The claws of the hammer are for pulling common and finishing nails and ripping woodwork. The nail hammer should not be made to do jobs it was not made for, such as, masonry nailing, striking chisels And never strike one hammer , or other hard objects. with or against another hammer or a hatchet. HTI points out that misuse of the nail hammer could present a hazard to the user because of the REETjTA REPAIR - BICYCLE3 Most Makes VERT REASONABLE RATES Call Stan or Brent at 825-601- 1 Ut. 29 S. Tel. 825-601- 1 ! : -- $85 A in Per COMPLETELY Ft. INSTALLED Call For Your Free Estimate Sports office 766-216- 1 at our immediately for an at 5388 S. 1900 W., Roy, or phone 825-166- 6 or terview TO ALSO CATER ROYLANCE FENCE CO. 100 No. Main, INCLUDES ALL MATERIAL 8 Layton, Ut. PROFESSIONAL INSTALLATION CLASSIFIED ADVERTISING danger of chipping of the hammer head, causing eye or bodily injury. To do those other hammer jobs, there are at least 15 different hammers to choose from. Be certain the correct hammer is selected to do the job. Here are some helpful hints: A mash hammer or hand sledge should be used for striking cold chisels, star drills and other steel struck HAS NEVER BEEN EASIER tools. For hammering where a steel face would mar the surface, soft hammers with rubber, plastic or wood ' heads are available. There are also blacksmiths hammers, riveting hammers, body and fender hammers and many other types, each designed to do a specific job. , - I I CLASSIFIED FAMILY WANT AD ORDER BLANK - 1 I 1 (WRITE YOUR AD HERE - ONE WORD ON EACH LINE) mm I I mm IHURSDAiYi I I 1 I I I u micro-wav- e I I I I NOW YOU CAN REACH 29,000 HOMES EACH WEEK WITH YOUR PERSONAL CLASSIFIED ADVERTISEMENT! 25 Words Or Less For Only ... (EACH WORD THEREAFTER COSTS YOU ONLY 8 PER WORD) We offer 90 day Knowledgeable Salespeople No Deposit Necessary exchange Authorised Dealers Five Maintenance Bart Selection Free Delivery Bert Price 14 NEW inch "Color Quasar (NOW FOR RENT) 1. 2. 3. - Name. ,'U" 1 Stan Hacker's Vies tern Auto State. Clearfield, , . As Low As INCLUDE: Phone number, name ond or oddress We lead the way 2671 Washington SlvdL, Ogden 0 or City. in ad count. REMEMBER: Wprd your od to create the bes possible interest lor the buyer. A complete od will get lost results. For assistance in wording your od or 359 261 2. phone 825-166Total the number of words, calculate the cost of the od. be sure to enclose o check with your ad copy (ADS MUST -- ; in- STEREO EXPERT , Buy Now Before Spring Price Increase interested, please contact PHIL KIREditor . -- e KWOOD, ! severe curtailment of, programs or even the closing of the center after 7 the first of next year. need of sports correspondents to cover high school football games each Friday. If part-tim- , Chain Link Fence Safety Precautions Stressed For Workers Using Hammers long-rang- ATTENTION BIKERS: Racker's Western Auto now does . . . -- JrjfijL I Brent C. Wallis, Skills Center director, has said that continuing budget problems resulting from heavy cuts in federal funding and losses in state revenue could mean ;l, We are ! Dr. Paul Butterfield, and William! J. Critchlow III, who will serve as chairman. Crompton, FALL SALE legislature. Financial Problems Predicted substantially in the 1980s, state and local governments are likely to encounter some serious financial Appointed to work on the project was a com-- , mittee composed of Gary A committee has been Superintendents of the appointed by the Weber school districts have State College Skills expressed a willingness to Center Advisory Board to support the area see if the cooperation of vocational center for a the Morgan, Box Elder, variety of reasons. Weber and Ogden school These include a valid districts can be obtained need for the type of to have the Skills Center training such a center developed into an area could provide, the exvocational center with panding industrial base in the area, the growing cooperative funding. Suggestion that such an demand in the area for effort be made came from trained people, and a Spencer Klomp, member considerable number of of the Ogden School young people whose Board. vocational training needs Local industry will also could best be met by such be asked to help for a a center. united front to present the proposal to the BE PRE PAID). Enclose in envelope and mail to . . . DTSHSto I I I Address. .State. I I I I I I I I I I TiP- - I I I I I I 5388 South 1900 West. Roy. Utah 84067 I I |