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Show The National Enterprise, Page eighteen June 29. 1977 School funds are taking a bigger bite The Utah Foundation predicts school operating expenditures in Utah will exceed $1 billion a year within the next ten years if present trends continue. At that time, school costs in Utah will be rising at a rate of more than $130 million annually, analysts say. study points out state and local funds for public school operations in Utah have been rising at an average rate of 13 percent each year over the past several years. It notes that while part of this increase is due to inflation and higher enrollments, a substantial part is attributed to other factors such as (1) higher salaries, (2) expanded benefits, (3) reducA foundation tions in classroom Presenting six of the worlds most elegant cuisines: French, Italian, Greek, Spanish, American and Persian. 249 South 4th East Reservations: 359-500- 0 Your Host: Ali A. Manteghi size, (4) added noninstructional personnel, and (5) the introduction of new programs. Actions taken by the 1977 Utah Legislature will increase Utahs school operating pro- - gram next year by $40.3 million or 12.7 percent. Total operating funds for Utah schools will rise from $317.4 million in 1976-7- 7 to $357.7 million in 1977-7- 8. Price will purchase s&l First Security Corp. and John Price, chairman and president of Price Industries, have come to an agreement regarding the sale of First Security Savings & Loan Association, Pocatello, Idaho. According to George Eccles, chairman of the board of First Security Corp., parent company of the savings and loan association. First Security has agreed to sell the shares of the association to Price for an undisclosed sum, pending approval of the Federal Reserve Board. MW FRANCHISE DIVISION The sale was ordered by the board, which recently ruled bank holding companies cannot own savings and loan associations. The First Security association has been owned by First Security since 1928. Eccles said he anticipates no changes among present officers or employees of the Pocatello office. announces the opening of territories in Colorado and Idaho Interest Continued from page one bonds, Stanton said. Outstanding Investment Opportunity Fully Equipped Transmission Shop Turnkey Operation Be Your Own Boss For more details call collect (801) 972-4162 or write The board of directors (of the housing agency) has been questioned about the $34,000 Stanton said, but ceiling, they believe the money will be loaned at that ceiling, and if they keep that ceiling, the money is likely to reach the families with the greatest need. Prolonged debate has apparently been heard on the subject, and the board has considered the alternative of changing the ceiling to adapt to realistic property prices in various geographical locations around the state. A housing study conducted FRANCHISE DIVISION this spring determined 40 percent of the housing in Utah sold for under $34,000, One month Stanton said. ago the cheapest newly constructed house sold for $29,500. 3642 West 2100 South Salt Lake City, Utah 84120 I'm sure the market is there, Stanton concluded. My neighbor is a mortgage lender, and he told me yesterfor day he loaned money houses selling in the to two young families earning $800 a month. es mjd-twenti- |