The Chickasha Star (Chickasha, Okla.), Vol. 81, No. 40, Ed. 1 Thursday, December 18, 1986 Page: 3 of 20
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Radical Tax Changes
CMA Approves Authority Bills
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Western Boot Sale
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Sale
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Gift Items 1/2 Price
4,
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327 Chickasha
98965889
Westem Shirt Riot!
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Western Jeans Sale
$
$
Directed By: Dennis Goskie
Dr. Larry -
224-7252
Open Sunday 1-5
320 Colorado Street, Chickasha Qklp' ^m
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USE THE WANT ADS
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City To Furlough Employees
To Cut Costs, Council Says
All our long sleeve and short sleeve
western shirts at one low price!
Dresses
25% Off
DOWNTOWN
CHICKASHA
The Chickasha Star, Thursday, December 18, 1986—Page Three
School Board------
e Flannels in regular and tall
e Plaids or stripes long sleeve
e Levi 8 denim long sleeve
• Big MacH denim long sleeve
• Plaid or stripe short sleeve
Special orders welcome
Sale ends dec 27
Chickasha
Mall
reg. $14.99-$15.99
reg. $18.
reg. $26.
reg. $17.
reg. $16.
The Chickasha Municipal
Authority last Thursday night
approved the emergency
purchase and payment to Bar-
rington Services, Inc. of
$1,500 for seeding and fertiliz-
ing of the holding pond dike
areas.
Select Group
Sweaters
inspection.
Assistant Superintendent
Phil Dedmon told the school
board that the final $170,000
payment for a 1977 $1.3 mil-
lion general bond issue will be
made next January. He added
that half of a 1981 $1.5 million
bond issue will be paid off by
January of 1987. That bond
issue will expire June of 1991.
Dedmon reported that the
district has received $426,057
in receipts and its revenue (re-
ceipts) to date have totaled
$1,799,185 while disburse-
ments for December have
totaled $596,698. The total dis-
bursements to date have
come to $2,057,546.
JC Penney
Men’s Store
the employment of C & F Dis-
posal. Rates charged will be in
line with city ordinances.
He continued that the city
has asked Ron Cole of C & F
for his firm to haul the city
transfer station on Saturdays
in order to save the city
money.
Rinderer revealed that the
Emergency Medical Services
operation is being reviewed in
an effort to cut costs. Records
show that if ambulance rates
still lag, EMS may end the fis-
cal year with slightly more
than $50,000 in the red.
He explained that there are
directions that the council can
use to revamp the structure of
the EMS and cut costs.
They are: Retain the EMS as
an independent agency on a
paramedical level as it is done
now, transfer it to the fire de-
partment as recommended by
the firemen’s union, issue
bids for the privation of the
EMS in order to cut operating
and insurance costs or permit
the Grady Memorial Hospital
to take over the jurisdiction of
the EMS as an agency within
the hospital.
However, $360 of that
amount will be withheld as
reimbursement from USFG
bonding company.
In another action, the CMA
also okayed the transfer of
$106,000 from CMA to the
general fund.
of force policy because under
the labor agreement, there are
no provisions for furloughing
of city employees.
It was indicated that both
departments will follow a re-
duction of force policy.
The fire department is look-
ing at a reduction of two or
three employees, the city
manager said. It was prop-
osed that the position of assis-
tant fire chief and another
fireman post should not be
filed for the remaining fiscal
year.
Police Chief Robert Hicks
said the police department
will not fill positions after em-
ployees resign or retire next
year.
He said the department is
working with the city judge to
revamp the court appearance
schedule in an effort to cut
overtime by 75 percent. It was
decided to schedule court
appearances during the same
shift of officers, who are wit-
nesses in court cases.
Rinderer told the council
that the city employee
assigned to the transfer sta-
tion has been transferred to
nefits became subject of taxa-
tion after President Regan
took office.
Other new features in the re-
form act include: individual
retirement account deduc-
tions are limited, “passive los-
ses” on investments are li-
mited, medical reductions re-
duced by 7.5 percent, com-
pared to five percent in 1986,
business meals and entertain-
ment limited to a deduction of
80 percent, depreciation
period extended, prepaid
costs limited to 50 percent of
non-prepaid costs, and hobby
loss rules presumed to be
three of five years.
Angel recommended that
taxpayers keep an itemized
record of sales tax on purch-
ased items in order to qualify
for an exemption under the
current tax year.
He also recommended that
people with securities should
consider selling them if they
held them for more than six
months. He added that the 60
percent capital gains deduc-
tion has been repealed for
1987.
He suggested that investors
should consider tax shelters
in oil, gas and motels because
these were not restricted by
the new act.
He also suggested that peo-
ple should purchase govern-
ment securities after the last
1986 interest pay date to
obtain an interest deduction
in 1986 and recognize income
in 1987 because they may be-
nefit from lower 1987 tax
rates.
(Continued from Page 1)
ter contract was presented to
the teachers for ratification.
Teachers agreed to the prop-
osal on Dec. 2.
The school board reviewed
the 45-page document on Dec.
9th. Forty-four items were
negotiated, but the board
changed two sentences in the
document. The board also
approved the contract as
amended, but made changes
in two sentences.
However, the final decision
rasted with the school board
since the board's negotiating
team could not make the final
decision.
There were no money items
in the contract under dispute.
In other business, Glazier
reported that the North Cen-
tral Association Accredition
team criticized the school dis-
trict for not having an auditor-
ium at the high school.
A final report will be issued
Discover, Visa,
Mastercard Welcome
I
1
1
SALE
59
$1800
"o
erg.
(Continued from Page 1)
50 percent.
However, to make up for the
lower tax rates, Angel said a
series of deductions have
been eliminated.
They include: $100 dividend
exclusion for single people,
the 60 percent deduction for
long-term capital gains, state
and local tax deductions, re-
sidential energy credit and de-
pletion on lease bonuses.
However, the new features
of the new tax reform bill also
requires a social security
number for children above
five years of age. Angel said if
these children do not have so-
cial security numbers, parents
cannot file federal tax returns
by the March 15th deadline.
They may face a penalty for a
late tax return.
He recommended that pa-
rents file forms with the So-
cial Security administration
long before the income tax
deadline.
The Social Security office in
Chickasha announced that
forms are available at present.
It added that they should be
filed at least 60 day s before the
parents file their income tax
statements for the 1987 tax
year to allow time for the
office to process them.
Another requirement that
unemployment benefits will
be fully taxable in 1986. Dur-
ing 1986, about half of the be-
nefits were taxable.
The unemployment be-
i
l
Select Group
Pants-Skirts-Tops
1, of 1, off
rf Wrangler Boots
“Ropers”
for men and women.
Lots of colors
regular $69.99
save $10
JEANNIE AND BRADLEY BORDERS stop briefly during a
Friday Afternoon shopping trip in downtown Chickasha.
(STAR Photo by Neal Caperton)
i
)
Selected
Co-Ordinates
50% Off
ItiiriirII
N
*7,988
1
1
By Jim Fienup
Most city employees will be
furloughed and certain city
facilities will close two days
per month beginning in Janu-
ary because of lagging city re-
venue.
That was a 7-1 decision
made by the Chickahsa City
Council last Thursday night
after it acted on the recom-
mendation by the city council
finance committee.
Councilman Joe Ersland
cast the only no vote.
The motion by the council
also will allow the city staff to
transfer to the general fund
about $100,000 as surplus
from the Federal Revenue
Sharing fund, budgeted for
fiscal 1986-87 and $50,000
from one of the capital im-
provement funds to make
ends meet.
City Manager Lloyd Rinder-
er expects a 10 percent drop in
revenue. The current budget
is $5.5 million.
It was necessary to cut ex-
penditures in order to end the
last six months of the current
fiscal year with a balanced
budget. The fiscal year will
expire next June 30th.
Records show that the de-
clining two-cents sales tax re-
venue for the general fund
from July through December
was put at $1,057,184, com-
pared to $1,136,315 for July
through December of 1985.
They also show that the one-
cent sales tax for the Chick-
asha Municipal Authority also
is declining. But it would take
f lute of the people to raise
water and sewer rates to
generate additional revenue
in face of declining sales tax
income.
Councilman Ron Saxton
said he urges everyone to
shop in Chickasha in an effort
to improve sales tax receipts
on behalf of the city.
Under the plan, all city em-
ployees in the city hall will be
furloughed two days per
month without pay. The
offices in the city hall, except
for the fire and police depart-
ments, will close two days.
The city hall will close the Fri-
day after Christmas.
Offices in the city hall to
close are the city clerk's bill-
ing, city manager's and com-
munity development.
The furloughing of em-
ployees in the department of
public works will be on a rota-
tion basis, according to the
plan.
Other city facilities includ-
ing the water plant will not
close.
Rinderer said he will con-
tact the bargaining units of
both the city police and fire-
men unions to place both un-
ions on notice of a reduction
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KIWANIS CONTRIBUTION Chickasha Kiwanis member Joe
Alford, right, gives toys to Saint Nick for Santa’s Workshop. The
Kiwanis Club donated a bunch of toys for St. Nick’s workshop,
to be used as Christmas presents.
(Star Photo By Jim Fienup)
6.
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fev-
Records show that the re-
serve balance dropped to
$543,495 during December
from $1,571,432 from Decem-
ber of last year.
Records also state that the
district has received
$2,073,567 in state aid (educa-
tion foundation), $48,464.
gross oil and gas production,
and $43,670, motor vehicle.
Dedmon said the district
last year is running about 70
percent under what the
budget cuts would have been
for the first five months of the
fiscal year.
In other action, the board:
—Reported that a principal
will attend a teacher’s evalua-
tion workshop on Jan. 16.
—Reviewed the proposed
1987-88 school calandar,
allowing for the required 175
school days under the state
law. But there would not be
any days allocated for snow
days under the proposal.
Snow days could be made up
if the school year is extended.
Last day of class would be
May 25 and the first day of
school would be Aug. 24.
— Decided to apply for
North Central Accredition of
the middle school.
Blevins Named
In ‛Y‛ Event
The Board of Advisors for
the Outstanding Young Men
of America awards program
has announced that John Ble-
vins of Chickasha has been
selected for inclusion in the
1986 edition of “Outstanding
Young Men Of America".
7
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/
DECEMBER 20, 21,22
-.AA n m CALL 224-5196 FOR TICKET INFORMATION
4 .Uv p.lll. No Admission Charge,but a ticket is required.
An offering will be taken.
438 iving
g Christmas Cree
. INVITATIONS *
• ANNOUNCEMENTS
. NAPKINS "Ptex
• BRIDAL BOOK
. ACCESSORIES
4g
‛F -345
Save $3 to $13 Sale 12.99
Your favorite dress and casual
jeans on sale at a low, low price!
• Levi * polyester dress jeans reg. $25.
• Levi * “cowboys choice" 557 jeans reg. $21.99
• Wrangler * slim fit denim jeans reg. $20.
• Levi * brushed jeans for men reg. $24
Save $2 to $7 Sale 17.99
< CffEAI/VE IMAGE |
" or Tomovrow"
Photography By Jim Tibbetts
222-0599
Weddings —Portraits
518 Chickasha, OK
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The Chickasha Star (Chickasha, Okla.), Vol. 81, No. 40, Ed. 1 Thursday, December 18, 1986, newspaper, December 18, 1986; Chickasha, Oklahoma. (https://gateway.okhistory.org/ark:/67531/metadc1899288/m1/3/: accessed August 15, 2024), The Gateway to Oklahoma History, https://gateway.okhistory.org; crediting Oklahoma Historical Society.