Hanrliphlpr Stipmnn Itralh
Total Page：16
File Type：pdf, Size：1020Kb
HanrliPHlpr Stipmnn Itralh MANCHESTER, CONN., WEDNESDAY, JANUARY 29, 1975- VOL. XCIV, No. 101 Mnnchvslvr—A (lily of Village Charm TWENTY-EIGHT PAGES — TWO SECTIONS I II l EEN GEM S Grand List Is $288.9 Million; m Per Cent from 1973 m m By SOL R. COHEN The additional assessed values of just bursement to the town will be on the basis increase in the Grand List for this year. Manchester’s net taxable Grand List, under $4 million are a result of a new act of the mill rate for 1975-76, to be adopted in “Because of the recent slowdown in based on Oct. 1,1974 valuation and minus passed by the 1974 General Assembly. It May by the Board of Directors. building construction, combined with all allowable exemptions, is $288,949,663 — provides for the elimination of property Based on the current 49.3 mills General current mortgage rates,” he 'Said last up $4,586,311 or only 1.6 per cent over last taxes on business furniture, fixtures, Fund tax rate, the $3,939,311 increase January, “next year’s list is not expected year’s and the smallest gain in recent machinery and equipment purchased after reimbursable from the state would to reflect any substantial increase.” I : Manchester history. the October 1973 assessment date. generate $194,242 in new tax revenue. Town Manager Robert Weiss and Mayor However, the state will reimburse the The values are assessed in the same The $4,586,311 net increase included in John Thompson, alerted to a “less than town for additional assessed values manner as other personal property, but the Grand List, also based on the current substantial” Grand List increase, have , * Sy* ♦ totaling $3,939,995, or an additional 1.4 per aren’t included in the Grand List. Instead, 49.3 mills tax rate, would generate $226,- predicted in recent weeks Manchester’s cent over last year’s net Grand List. the figure is submitted to the state. Reim- 105 in new revenue. tax rate may have to go up 6 to 9 mills in The combined increase would come to 1975-76. about 3 per cent, and is equivalent to 1.4 Manchester’s new Grand List was $7,- mill. Manchester has been averaging 5 per 469,479 higher before exemptions. That cent or more increase, in recent years. amount was deducted for for veterans, the Economic News Last year at this time, even after elderly and disabled persons. t ' adjustments and reductions by the Board The $288,949,663 net taxable Grand List of Tax Review, the Grand List rose $17,- is in the following categories: 532,977 or 6.2 per cent over the year • Real Estate - $229,836,003, up $4,849,- before. 065 from last year. Sparks Optimism Town Assessor Ed Belleville, commen • Motor Vehicles — $27,742,770, up $1,- ting on the minimal increase, said, “It 761,746 from last year. By RICHARD HUGHES see some recall of people on indefinite reflects the present status of our economy • Personal Property — $31,370,890, down UPI Business Writer layoffs and then a gradual improvement in locally. It’s in line with that of the state $2,024,500 from last year. This drop is the spring,” Hampson said. ' P i ' t Things are looking up. and nation. Hopefully, construction should offset by the additional assessed values ^>1 The stock market is rebounding. Cars In another indication of growing increase in 1975 and, again hopefully, our reimbursable by the state. are selling again. Some furloughed Grand List a year from now should show a strength in the economy, AT&T’s $600 In the area served by the Town Fire workers are being called back to their healthier increase.” million sale of loan notes was snapped up District, the new valuations total $229,- jobs When he announced the Grand List a within hours after the offer was made. 816,078 — up $5,683,296 from last year. s predictions that the recession could be year ago, Belleville predicted a minimal Under the long-term debt program, AT&T In the Eighth Utilities District the new over in six months. in effect borrows money from the public valuations total $59,133,585 — a drop of “The behavior of the stock market since and agrees to pay it back with interest $96,985 from last year. early December suggests that, if the past when the notes mature in 7 and 32 years. The tax rate in the Town Fire District is is any guide, the recession could end close State Department In Lowell, Vt., employes and others are 5.7 mills currently. The tax rate in the to mid-year,” said Irwin Kellner, trying to buy for $2.5 million the GAF Eighth District is 2.5 mills — 1.25 for fire economist at Manufacturers Hanover Building Damaged Corp. asbestos mine to save 180 jobs. An protection and 1.25 for sewage service. Bank in New York. attorney said agreement is near with the By Bomb Blast The Board of Tax Review will be in ses company, which said it would close the sion two days next week and two days the Market Leads Trend following week, to hear complaints from “Historically,” Kellner said, “an uptick mine rather than pay $1 million to meet WASHINGTON (UPI) - A bomb federal air pollution standards. taxpayers claiming to be aggrieved by in the stock market has led the end of an exploded at the State Department early their assessments. All hearings will be in economic recession by an average of six Sugar, in short supply and at record Wednesday, heavily damaging a men’s prices just two months ago, today is the Municipal Building from 7 to 9 p.m. as months. room and sending water flooding through follows: In Detroit, a Ford Motor Co. executive bloating warehouses. Sugar companies the hallways of the third floor. are cutting the price and reducing produc Feb. 4 (Tuesday) — for letters A through said the worst of the auto slump seems to Police were called to a nearby building I. be over. Robert J. Hampson, vice presi tion to unload the supply. Major refiners housing Agency for International Develop put into effect Monday the third wholesale Feb. 5 (Wednesday) — for letters J Grand List Print~Out Studied dent for North American operations, said ment offices to search for an explosive through R. by March Ford could recall some if its 33,- price cut on grocery sugar in three device, but none was found, they said. At months. In the latest cut, a pound of sugar Feb. 13 (Thursday) — for letters S Manchester’s Deputy Assessor as of Oct. 1, 1974 — the basis of the 125 workers on indefinite layoffs. first, police said a device was found but through Z. was reduced to 49 cents from 57 cents. Michael Nimirowski studies a com Grand List announced today. (Herald “I hope that by March and April we will that it did not explode. Feb. 14 (Friday) — for those unable to No One Injured appear the other three nights. puter print-out of property valuations photo by Pinto) No one was injured at the State Depart ment when the bomb went off near AID of Gagnons, Gabers Win fices at about 1 a.m. EST. The Washington Post said it received a telephone call from the “Weather Israel Offers Withdrawal Plan Hawaiian Sweepstakes Underground” claiming responsibility for the blast, and there were reports the same By United Press International mountain passes and oil fields. But he said in a national radio interview “I can’t believe it,” and “ I’m so excited” Honolulu and Mount Tantalus, luggage group warned of a bomb at a Defense Defense Minister Shimon Peres said the proposed pullback would have to leave handling (tips included), and flower lei Department installation in Oakland, Calif. Israel has offered to withdraw up to 31 Tuesday in Tel Aviv Israel would be the Abu Rodeis oil fields and the Mitla and were the responses heard by Barbara Cox miles in the occupied Sinai Desert in a greeting are also included. A State Department spokesman said the willing to pull back from 19 to 31 miles in Gidi passes in Israeli hands. It was the of LaBonne ’Travel Inc. last night when she troop pullback agreement with Egypt but There will be a host escort, a service damage was “localized ... the worst part exchange for political concessions from most detailed statement so far of Israel’s called Mr. and Mrs. Leon Gagnon of insists on keeping the region’s strategic Faulknor Dr. and Mr. and Mrs. Allan desk in the hotels, pre-registration, hotel of it knocked down a ceiling.” Egypt. negotiating position. Gaber, owners of The Craft & Hobby Shop, and airport taxes. In Oakland, police cordoned off a one- Peres, asked in the interview whether to inform them they had won the In addition. The Herald will provide block area around the downtown induction he was outlining his personal opinions or “Hawaiian Carnival Sweepstakes.” each couple with $200 spending money. center Tuesday night after callers warned Oil Price Drop Predicted Israel’s official position, replied, “This is The contest, sponsored by The Herald The stores participating in the a bomb had been planted in the building by the government policy.” “At this stage there is room to talk and area merchants, ran for six weeks with sweepstakes were Mari-Mads, Martin the “Weather Underground.” WASHINGTON (UPI) - A respected 1974 led to a burst of successful explora some 40,000 entries deposited at par Ltd., King’s, Consumer Sales, B.