Newspaper Archive of
The Malakoff News
Malakoff, Texas
April 3, 1975     The Malakoff News
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April 3, 1975

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nthly Sales Tax Rebates Start In Texas Ixt Month rebates of city taxes will start April 15, State Comptroller Bob last week. This first-ever monthly- will replace the old payment system y lag time which been in effect since the sales tax was passed in Bullock said that junking quarterly system "means burying the cities&apos; in the backyard in fruit for three months at a "Now it will be interesting > see what the cities do with 7 Bullock said. "Like said, a dollar in- vested is a dollar earned-or at least seven percent." Payments to 800 towns and cities which have thene percent tax total more than $200 million a year. The April 15 payments will cover taxes collected by the Comptroller between Feb. 17, the cutoff date for the last payment, and April 4. Future monthly payments will be made at mid-month. Bullock, said. Bullock said that cities can expect every third month's check to be larger than the other two, reflecting the peak of quarterly tax payments sent in by merchants. "When you're talking about money, haste ends waste," Bullock observed. Cattle Feeding Is Down: Cow, Calf Crop Is Up COLLEGE STATION-- down 4,gper (ent in the seven till: feedmgnu;;bedrOof;o,: lna!or fe([(;g :;;ts facing 'sb.u.tthe Chile cattle a br+ttaheven (,()st ,'or Choice cak:sruP;ed under steers of about $42-45 per 'during the past two hundredweight-and market the breeding herd prices nowhere near that be underpressuretobe level-the feeding industry 1975, according to marketing speci- :as Agricultural Service. P "In Texas cattle feeding on , eb. 1 was 47 per cent below vels last year," points out r. Ed Uvacek "At the same me feedingle(,els were down per cent in tile seven major cattle feeding states." Uvaeek savs that place- raent of cattle" and calves into TeXas feedlots has also ddmPped considerable--being .Own 56 per cent in January Orapared to the same month a Year ago. Placements were will cnntinue at a crisis level," contends Uvacek. On the other hand. the numher of breeding cows in the United States is up four per cent over last year, with cow and heifer numbers up six per cent in Texas. "This means a large calf crop in 1975 that will continue to add to the woes of the cow-calf operator," notes the specialist. "These excess supplies should stinmlate a liquidation of cows during the year." Texas Beef Conference Set hae allllOU ll('ed ;feaker line-up for their annual Illeeting t<) lie in Anlarilh;s Ililt(m Inn 17 leadtinin the evenl will be ,l<+l)s, pat president of Association of 4'at (;rouers and a dele- v t.o lasl \\;'ear's World Food I(q'elll.e " scheduled tot the /t"(la5 ('lltliel'(qll',U spOllsored ('vhl agricuhural and all<real institution,, ill- Parrot of Central wh, will rmiew the I!.S. -nain situation. 1)r. i+m \\;Vise ot Virvinia Polv- Institute who wilt go t+t' <'()sis al/d svstenls t<)r "f('(i beef ,per;tions. +ink It. Baker, dean of the Stale lJnivershy *+,I ol Agriculture, wilt a series of research '('+tati(m to be viven by hh's('ntatixes of the A&M. +t, T(,<'h, and West Texas s('h(uls of agri('uiture. Bill lh,lnling, president l,ivestock Advisory rxice, will talk about th'e +'(qH bt+tq ituation alld the <>ull\