Carrol Daily Times Herald from Carroll, Iowa on April 1, 1976 · Page 8
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Carrol Daily Times Herald from Carroll, Iowa · Page 8

Carroll, Iowa
Issue Date:
Thursday, April 1, 1976
Page 8
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Living on the Financial Edge in New York; You Ain't Seen Nuthin' Yet NEW YORK — (LENS) — New York City's finances remain as precarious as ever despite last year's infusion of federal funds. City officials now admit that they may have underestimated this year's budget deficit by $300 million. But this revised projection does not take into account cuts in federal and state aid, increased welfare costs and lower than expected revenues, so the true deficit is being calculated by informed outsiders at about $1.7 billion — twice the official figure from City Hall. The city will probably manage to put off another financial crisis for a few months. But it seems impossible to avoid a fresh default in the fiscal year Astrology starting in July. Only Draconian cuts in the budget, or a new and large dose of federal assistance can save the city. Neither salvation seems forthcoming. On the surface, though, no one appears concerned. Both Mayor Abraham Beame and Governor Hugh Carey have denied that they a re deliberately deferring budget cuts in hopes of receiving additional federal help after the national elections in November. And the secretary of the Treasury, William Simon, expresses confidence in the city's ability to repay its borrowings. Nevertheless, the budget cuts made so far are inadequate to achieve a balance. Mayor Beame, with the acquiescence of the state-dominated financial emergency control board, has trimmed a great many services and has cut the municipal labor force, but he has refused to eliminate many programs. He has also ignored the increase in debt service costs, the short-fall in tax revenues and the underfunding of the pension system for city employees. The mayor's critics charge, with justification, that he is delaying fresh cuts until after elections this year or the mayoral election in 1977, when he is rumored to want to run again. In a sense Beame has regained much of the power that he had appeared to have lost over the past year. To be sure, the total budget is set by the emergency control board, whose director, chosen by the ARIES (March 21-April 19) Hunches or insights today that have a practical application will be worth heeding. Put them to the test. TAURUS (April 20-May 20) Today, you may receive confidential information that could either make or save you money. Check your sources for reliable tips. GEMINI (May 21-June 20) If you associate with persons today whose ideals are on a par with yours, something mutually advantageous could result. CANCER (June 21-July 22) Your aims can be accomplished today if you put your imagination to good use. Think creatively. Dare to be different. LEO (July 23-Aug. 22) You have the knack today, of doing things with a flourish that will call favorable attention to you. VIRGO (Aug. 23-Sept. 22) Your talents could be put to good use today in making those decorative changes around home you've been thinking about. LIBRA (Sept. 23-Oct. 23) In your commercial dealings today, try your bargaining power to get better terms. It could save you some pennies. SCORPIO (Oct. 24-Nov. 22) I iff Abbott Weit of Hwy. 71 Carroll 792-2014 4x4 Complete Feeds Let You Spend More Time In The Field Walt Hagen East of Hwy. 71 Jefferson 515-386-2754 feeding 4x4 complete feeds this tpring can help you get neceiiary field work finished by reducing the time you must spend reeding livestock. 4x4 com- pUte feeds require no grinding or mixing. We can deliver them right to your feeder in bulk quantities or you feed them right out of the bag. Either way you're off to the field in minutes, let me help you this spring. Walnut Grove Quality should take precedence over price if you're comparing similar items today. Take time to study their real values. SAGITTARIUS (Nov. 23-Dec. 21) You'll take a special pride in tasks you perform today. The quality of your work will reflect it. CAPRICORN (Dec. 22-Jan. 19) You have a manner about you today that friends will find very appealing. It blends sincerity, compassion and warmth. AQUARIUS -(Jan. 20-Feb. 19) Your first thoughts will be for the needs of loved ones today, rather than for yourself. Yet you'll benefit the same as they will. PISCES (Feb. 20-March 20) Something unusual may occur today that could result in a small advantage careerwise. It could add weight to your purse. YOUR BIRTHDAY April 2,1976 This 1 year you are likely to become interested in creative projects, either as a hobby or as an additional source of income. Develop your potential talents for fun or profit. the good neighbor. Division of'W.R. Grace & Co. no-flame Follow operating instructions contained in manufacturers booklet, packed with appliance BROILER-ROTISSERIE The handiest appliance a kitchen has ever had! Broils to perfection ... or serves as a rotisserie, with the simple addition of the brackets, motor, and spit. SMOKELESS e FLAMELESS e SPATTERLESS CHROME-PLATED GRILL, ROTISSERIE, AND BRACKETS FOR QUICK, EASY CLEAN-UP DISASSEMBLES IN SECONDS FOR COMPACT STORAGE Makes everything —steaks, seafood, roasts, fowl, spareribs — mouth-wateringly delicious! Get yours now! HERE'S HOW TO GET YOUR BROILER-ROTISSERIE! DEPOSIT $5,000 or more DEPOSIT $1.500 or more DEPOSIT $100 or more FREE only $5.95' only $9.95' Onl r ont !'•• g.rt pe, l,™l</ 'PVrtU. Remove top... use as a BROILER! We pay higher interest on insured savings than any bank. ANY BANK! Commercial Federal Savings and Loan Association Home Oflice. 45th and Dodge. Omaha 68132 • (4021 558-5400 Over $700,000.000 Strong • Serving Nebraska Land • 22 Locations governor, is paid $65,000 a year — $5,000 more than the mayor. But Beame, a battle-scarred veteran of political and financial wars, has clear command over how the budget is divided up. He also has chosen an impressive group of businessmen, skilled in accounting and management, to improve the city's operations and to deal with the state. His aides have proved a more formidable team than the one that Carey has managed to muster. Timei Herald, Carroll, la. Thunday, April 1, 1976 8 Moreover, Felix Rohatyn, the Lazard Freres partner who was appointed to run the Municipal Assistance Corporation and restructure the city's debt, has joined City Hall in advocating "backloading" — delaying spending cuts as long as possible. Rohatyn, who, has persuaded the trade unions to invest their pension funds in MAC and city debts, now takes a much milder approach than he did earlier, insisting that drastic cuts in the city budget would cripple its economic prospects. He also argues for tax reductions for business and rich residents as well as more state and federal aid, calling for a state takeover of the city's criminal justice and college system. As for the mayor, he is resolutely opposed, for both political and economic reasons, to going much beyond the reductions he has made already, fearing this might bring a total breakdown. Backed by the unions, Rohatyn and Mayor Beame are gambling once again on rescue by Washington. Even if there is a Democratic.-victory in November, the risk of the city's collapse is high. Beame no longer has recourse to the kind of manipulative devices that masked past deficits. He will have to deal with new demands by the unions who, now that they have invested some $2.5 billion of pension-fund money in New York City securities, are in a stronger position to resist layoffs or a continued freeze on wages. So, sooner rather than later, the city's shortfall will become apparent. It may well be that the mayor is correct in his assertions that any attempt to force New York City to live within its shrinking means would spell economic disaster. But so far at least, the city has not even tried. OPEN SUNDAY L GARDEN CENTER SPREADERS Pfitzer Junipers Andorra Junipers UPRIGHT EVERGREENS Everyone's favorite Evergreens. These plants will add a touch of distinction to any home. Upright Evergreens make a pleasing addition to any landscape. Regular $4.49 EVERGREEN FOOD 5 Ib. Bag $1.49 « \ Special prices good thru Sunday only. We are first handlers of Alfalfa, Red Clover, Alsike, Brome grass. Orchard grass and Jail Fescue, the largest list in the middle west. Contact us on your seed needs for 1976. Sane ujour barfqef... plant a qardeii! ;; GARDEN SEED Many varieties need to be started indoors for transplanting outside later. Tomato Pepper Cabbage Cauliflower Eggplant Many More Petunia Snapdragon Coleus Aster Salvia Alyssutn * <« i *•>.. MAYPARK LAWN SEED The finest mixture of all perennial grasses available. Will build a beautiful, long-lasting lawn. Unconditionally Guaranteed. 50<0ff ISOOsq. ft. Box Reg. $4.95 4.45 I 4H i '6.50 MOff 2500 sq. ft. Box Reg. S7.50 *30ff 1P,OOOsq.ft.BagReg.$24.95 *2I.95 ONION PLANTS True to name varieties, freshly dug and ready to grow. Bunch 99' ONION SETS Plant now for early green onions, Ebenezer "Best Keeper" white and yellow. . : LAWNS TURF FOOD Now contains a patented form of even, slow-releasing nitrogen. Makes grass turn green and stay green. »1 Off 5,000 sq. ft. Bag $ 8.95 SEED POTATOES The best Northern-Grown Seed Potatoes available. All of these potatoes are specially grown to produce big yields. Certified Blue Tag Varieties: Mayfair Cobbler Kennebec Norland ioibs. M.95 Boibs. *7.95 SEED POTATO EYES Ready to plant eyes. 100 per bag. Same varieties as above. BERRIES Good for eating fresh off the vine or great for pies, preserves, jellies, jams. ' Raspberries 5 for S4.15 and up Blackberries 5 for $5.75 Gooseberries 2 for $5.25 Currants 2 for $4.85 GRAPES Concord, Feconia, Niagra, Cacp.' Package of 2 ... $3.65 SHUR-GREEN LAWN & TURF FOOD New! Makes grass green quickly. High in nitrogen, balanced in phosphorus, potassium and iron. HEATHER PLANT This plant is reputed to bring GOOD LUCK, and when dried, can last for years. Plants are growing in 4Vi-inch pots and are 18 inches tall. Regular $3.49 '2.99 Moff 10,000 sq. ft. Bag Reg. $12.95 '11.95 10,000 sq.ft. Bag $16.95 M4.95 Limited'Quantities No Mail Orders Please Use Your Credit Cord GARDEN CENTER Hwy. 30 West Carroll HOURS: Mon.-Thurs.»:00-5:00 Frl.8:00-9:00 Sat.8:00-5:00 SUNDAY 1:00-5:00 p.m. ' r i •« >

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