Arizona Republic from Phoenix, Arizona on November 4, 1969 · Page 27
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November 4, 1969

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Arizona Republic from Phoenix, Arizona · Page 27

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Phoenix, Arizona
Issue Date:
Tuesday, November 4, 1969
Page:
Page 27
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Page 27 article text (OCR)

HLi-UrfL MAIL 14 The Arizona Republic Phoenix, Tues., Nov. 4, 1989 Surplus woes for Reagan United Press International SACRAMENTO - The Reagan administration overestimated the cost of state government by $92.7 million last year and now is holding $23 million it cannot spend, Controller Houston Flournoy reported yesterday. Finance Director Caspar W. Weinberger said the $23 million automatically will be placed in a higher education building fund. But the money still must be appropriated by the legislature before it is spend and an election-year tug-of-war is expected to develop between Gov. Ronald ' Reagan and Democrats over how the surplus actually will be used. An informed administration source said Reagan probably will propose that the money actually be spent for Higher education construction. But now it just "sits there," Flournoy told a new conference. > Flournoy's final report on state spending for the fiscal year which ended July 1 contained an assurance that the 1969 legislature's $174.7 million new school aid package will be financed in it entirety. This already had been virtually assured by a prelimin- 1 $ry report issued in August. The increased school aid — which was added to the $1.3 billion previously spent by the state on local public education — contains roughly $70 million in appropriated surplus money. Weinberger credited "Reagan administration economies" for part of the surplus. But Flournoy said "it is very difficult for us to say" just how much a part economies played. The finance director said, however, it is "disquieting to note that continued inflation has boosted (state) revenues a bit above the predictions." Flournoy's final report 1 showed there was a $12.9 million unappropriated surplus over what he preliminarily estimated in August. At that time, there was nearly $10 million in known unappro- priated money. In all, the state finished the last fiscal year with a $537.1 million, so-called "surplus." However, all but $23 million of this was "surplus" in name only. It actually was budgeted. Some $194 million, for instance, was "working capital." Another $250 million went for state projects, such' as Reagan's $87 million income tax rebate scheduled for next April. ."'••• TODAY mil KODEL PLUSH $^99 +£ Sq. Yd. Reg. $7.95 NYLON Sq. Yd. Reg. $8.95 Sq. Yd. Reg. $7.95 $ 3~ S 4~ $ 5 Sq. Yd. 265-0691 Sunday 10 to 6 319 E, Ind, School CARPETLAND REPUBLIC BULLDOG Simple solution to rising car prices The Si Machine. Ford Maverick. Still Our small car has scored a big success. And the reason is simple—solid value. Now, with other car prices going up all around it, Maverick is going its own Mavericky way. It still costs $1995* and that's still a small price to pay for a car that's simple to drive ... simple to park... simple to service .. .simple to repair... and simple to own. Simple to drive. Turn on the engine and you turn loose the power of 105 horses, Yet Maverick rivals the economy imports in gas mileage. Simple to park. Maverick can U-turn in a tighter circle than the leading import. It can nip around corners and slide into tight parking spaces with amazing agility. For more information about Maverick see your Ford Dealer or write: Maverick Catalog, Dept, N'l, P.O. Box 1503, Dearborn, Michigan 48121. Simple to service. Maverick is easier and less expensive to maintain than an economy import. Maverick requires fewer oil changes, fewer chassis lubrications, too. You save time and money. Simple to repair. The Maverick Owner's Manual has 24 pages of instruction for routine maintenance jobs you can do yourself like change spark plugs, adjust ignition timing, and more. Fenders and grille can be replaced in a matter of minutes. Simple to own. The simple machine can start solving money problems for you right now. Check it out at your Ford Dealer's. The price that made it famous now makes it a better buy than ever. Ford's suggested retail price for the car. White sldewall tires are not included; they are $32.00 extra. Since dealer preparation charges (if any), transportation charges and state and local taxes vary, they are not included, nor is extra equipment that is specially required by state laws. MAVERICK ter Ideas. It's the Going Thing! TEST-DRIVE A 1970 AT YOUR FORD DEALER'S NOW!

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