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Show - - t w n n ft M The National Enterprise, August 3, 1977 Page three EDA conference slated The 28th annual Utah State Economic Development Conference will be held Aug. 25 at the Hotel Utah in Salt Lake City. Sponsored by Utah Job Service and the Industrial Development Division, the conference will feature Governor Matheson, a panel discussion about Improving the climate for stable growth, an update of the employment picture by Edgar Denney of Job Service and a luncheon speech by Vernon Weaver, administrator of the U.S. Small Business Administration, Washington, D.C. Theme of the conference is Small Business in Utah. Panel discussion members include Roy Simmons, president of Zions First National Bank; Robert Murray, president of Boyd Martin Co. and Ger- trude Peterson, assistant dean. College of Business, University of Utah. Scheduled to begin at 9:30 a.m., the conference will adjourn after lunch. Utah could suffer higher taxes Legislation to finance high unemployment costs in other states now being considered by the U.S. Congress could cost Utah taxpayers an estimated SI 8.8 million in additional federal taxes without returning Utahns one cent in benefits. According Foundation to a Utah studv, one measure introduced by Rep. William M. Brodhead in and 31 the House would retroactively reimburse 37 of the states (including Puerto Rico) for $4.2 billion in excess unemployment benefit costs incurred during the 1974-197- 6 period. Utah would be one of the 15 states (including the District of Columbia) that would get nothing under the proposed legislation. Utah's share of the federal taxes required to finance such a program, however, would amount to S18.8 million. These retroactive payments are designed to help restore state unemployment (D-Mic- co-spons- compensation trust funds which were largely expended during the recent recession. Tw'cnty-thre- e jurisdictions so depleted their reserves they were forced to borrow' from the federal government in order to meet current benefit Good Nutrition No Hunger Pangs No Drugs Drink Milkshakes & Eat Regular Foods Maintain Energy & Vitality No Meetings to Attend No Exercise No Gimmicks Money Back Guarantee Substantial Weight & Inch Loss Considerable Savings on Food Bills No Monthly Dues likelihood payments. Utah also reduced its serves in order to meet the large number of unemployment claims brought about bv re- the recession. The Foundation report points out.how-ever.ththe 1976 Utah Budget Session bolstered unemployment finances at by sub- stantially increasing taxes paid by Utah employers. Between 1975 and 1977, the taxes paid by class I employers in Utah (those with the best em- ployment records) that Utah would ever participate in these outlays. Foundation analysts point out that once a state reaches the 6 percent threshold. the percentage of federal guarantee and participation rises as the unemployment rate increases. As a result, there would be little incentive to control costs in a state once it is eligible for federal benefits. were Park City to consider plan boosted 124. Similar increases were made for other employer classes. In addition to these retro- active payments to selected states, the proposed federal legislation also would provide for a continuing program of cost equalization payments" to states whose insured unemployment rate for any year The exceeded 6 percent. Foundation report observes that Utah probably would not become eligible for such payments because its insured unemployment rate has not equaled 6 percent since the depression year of 1938. In other w'ords, Utah taxpayers under this proposal would be called upon to support unemployment benefit programs in other states without much At its Aug. 4 meeting. Park City Council is expected to consider establishing a re- development agency. According to Bruce Decker, city manager, the Aug. 4 meeting is scheduled for the last of four presen- tations the city staff has made to the council regarding the proposed agency. The council will be able to make a final decision at that time. If the agency is established. the city could demolish many dilapidated downtown buildings and, using tax increment funds, renovate Main Street, where businesses now-hav- a history of high turn- over and stagnation. thought you said a couple of past due accounts! I MERCHANT aMASTERCHEQUE master use members your cheques Hard to believe? Not for those who have tried it and are losing between 10 and 29 pounds in the first month! What can you lose by looking into it? Only something you've wanted to lose for a long, long time. Like rabbits, Sons, the largest collection agents in Utah, got that way by successfully collecting past due receivables. 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