Show Refund Checks SPECIAL TO THE CLIPPER In Davis where local residents have been having greater difficulty in recent months in coping with the surging cost of as have people there is some temporary relief in the A FLOOD of cash will be flowing into the area shortly in the form of checks from It will of refunds that will be going to people who overpaid on their income taxes last year through excessive payroll MORE money is on its for those who are collecting Social Security According to an estimate by the Treasury a record billion tax refunds will be distributed to about 60 million Americans during the next few That is well above last year's RESIDENTS of Davis County will be getting approximately of this it is It will be going to some local The average refund this year will be about it is compared with the that was returned in LOCAL residents will in in the extra billion that is lo be distributed to Social Security The checks they are now receiving are seven percent larger than the March They will go up another four percent in All in according to the the nation's consumers will be getting about billion from these two sources THE PART of it that will go to Davis County assuming that they share proportionately in the figures out to approximately What effect will this influx of cash have on the local It all depends on the spending mood of consumers in the area-how safe they feel how much they decide to put into savings or to reducing their installment what they think the near future holds with regard to job utility food prices and other living |