State and Local Fiscal Assistance Act of 1972: hearings before a Subcommittee of the Committee on Government Operations, House of Representatives, Ninety-sixth Congress, second session, on H.R. 1771 to amend the State and Local Fiscal Assistance Act of 1972 to provide incentives for the funding of education by means other than property taxes. H.R. 2291 to extend for four fiscal years the authorization of appropriations for the State and Local Fiscal Assistance Act of 1972 and H.R. 2698 to amend the State and Local Fiscal Assistance Act of 1972 to terminate the state government share of funds allocated to the states beginning with fiscal year 1980. March 19, 25, 26, 27, April 16 and 17, 1980U.S. Government Printing Office, 1980 |
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Page 13
... Look at what is happening in this country . Interest rates at almost 20 percent . Inflation almost at 20 percent . A cut in State revenue sharing will worsen our economy . There is a tax on the American people put on about 3 years ago ...
... Look at what is happening in this country . Interest rates at almost 20 percent . Inflation almost at 20 percent . A cut in State revenue sharing will worsen our economy . There is a tax on the American people put on about 3 years ago ...
Page 16
... look first at these costly categorical programs ? Why cut the most efficient program we have , revenue sharing , which uses less than one - tenth of 1 percent of the money for administrative overhead ? Let us look instead at ways to ...
... look first at these costly categorical programs ? Why cut the most efficient program we have , revenue sharing , which uses less than one - tenth of 1 percent of the money for administrative overhead ? Let us look instead at ways to ...
Page 21
... look . The same situation exists . And then you want to take away the entitlement aspects , so it will be very easy when we get an authorization bill up next year to work on the local governments . After a few years we have it pretty ...
... look . The same situation exists . And then you want to take away the entitlement aspects , so it will be very easy when we get an authorization bill up next year to work on the local governments . After a few years we have it pretty ...
Page 24
... look at bu- reaucracy in raw numbers over the last decade , there has actually been a decline in the number of Federal bureaucrats versus a substan- tial increase in the number of State and local bureaucrats . I believe we are ...
... look at bu- reaucracy in raw numbers over the last decade , there has actually been a decline in the number of Federal bureaucrats versus a substan- tial increase in the number of State and local bureaucrats . I believe we are ...
Page 34
... look at the over- all - I am not coming in here picking just on revenue sharing . I am picking on a whole bunch of programs . All ought to share in the spending cuts . So , I think your reasoning is a good argument for your side , but ...
... look at the over- all - I am not coming in here picking just on revenue sharing . I am picking on a whole bunch of programs . All ought to share in the spending cuts . So , I think your reasoning is a good argument for your side , but ...
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Common terms and phrases
accepted accounting principles accepted auditing accepted auditing standards administration allocation amendments areas ATTACHMENT audit requirements audit resources auditors balance believe billion California capita categorical grant programs Chairman Cities citizen participation communities compliance Congress congressional costs countercyclical Counties Davis-Bacon Act dollars economic effective eliminate entitlement expenditures Federal Government Federal Revenue Sharing financial audit fiscal fiscal effort FOUNTAIN FY81 Request GAAP going governmental Governors hearings impact improvements increase inflation League legislation local governments mandates ment municipal National National League North Carolina Office of Revenue percent problem property tax proposed proposition 13 question Range of Reductions reauthorization recipients recommended reduce Revenue Sharing Act revenue sharing funds revenue sharing payments revenue sharing program revenue-sharing funds revenue-sharing program single audit spending STAATS statement subcommittee surplus tax effort Thank tiering tion Treasury untiered West Virginia WYDLER York
Popular passages
Page 152 - COMPTROLLER GENERAL OF THE UNITED STATES BEFORE THE SUBCOMMITTEE ON LEGISLATION AND NATIONAL SECURITY COMMITTEE ON GOVERNMENT OPERATIONS HOUSE OF REPRESENTATIVES CONCERNING OUR REPORT ON THE PROBLEMS INVOLVED WITH GRANT AUDITING Mr.
Page 521 - BEILENSON introduced the following bill; which was referred to the Committee on A BILL To amend the Congressional Budget Act of 1974 to improve the congressional budget process, and for other purposes.
Page 111 - Sharing has communicated with other Federal agencies such as the Departments of Housing and Urban Development and Health, Education and Welfare, to establish or renegotiate agreements but none have been finalized and no followup action has been taken.
Page 529 - ... and I do not know whether we are going to be able to do much with it or not, and that is the wind.
Page 740 - unit of local government' means the government of a county, municipality, or township, which is a unit of general purpose government below the State (determined on the basis of the same principles as are used by the Bureau of the Census for general statistical purposes) and the District of Columbia.
Page 512 - A recent survey by the National Governors' Association and the National Conference of State Legislatures provides a capsulized look at how states utilize GRS funds.
Page 523 - ... (1) section 33 (relating to foreign tax credit), (2) section 37 (relating to credit for the elderly), (3) section 38 (relating to investment in certain depreciable property), (4) section 40 (relating to expenses of work incentive programs...
Page 54 - for every human problem there is a solution that is simple, neat, and wrong.
Page 522 - That (a) subpart A of part IV of subchapter A of chapter 1 of the Internal Revenue Code of 1954 (relating to credits against tax) is amended by renumbering section 40 as 41, and by inserting after section 39 the following new section : "SEC.
Page 526 - ... the sale, so much of such tax as, under paragraph (1) of this subsection, is treated as imposed on the taxpayer. For purposes of the preceding sentence, if neither party is liable for the tax, then the party holding the property at the time the tax becomes a lien on the property shall be considered liable for the real property tax for the real property tax year.