The Allen American (Allen, Tex.), Ed. 1 Thursday, May 22, 1986 Page: 1 of 10
ten pages : ill. ; page 24 x 15 in. Scanned from physical pages.View a full description of this newspaper.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
• « 4 • • . i « •.
I
*
/
?2 EXTRA
. "T
Your hometown newspaper since 1970 I
Thursday, May 22, 1986
Tax increase
for Allen?
a"
try to analyze the effect possi-
The usual procedure is to
.
Sept. 1 has been scheduled for ing to decide something as im
ps -:■
I
F
15 million honored
Who’s the boss?
U.S. Small Business Week
1
9
8
6
BIG
in Allen
is geared to residents
i
%
en
“One thing that has been cipal bonds and we could pro-
agreed upon by both the Senate bably sell them at a 9.2 percent
By Lori Fairchild
Contributing Writer
By Lori Fairchild
Contributing writer
By Rebecca Rhoten
Staff Writer
not yet subscribing to the American.
The Allen American, published every
Wednesday and Sunday, brings readers the
latest in local news — from the Allen, Lucas
and Fairview city governments and Allen
and Lovejoy school districts to sports and
business news, cooking and other how-to
information, an editorial page and features
about your neighbors.
From gardening tips to club events, The
“-e
suak •
Allen, Texas
Economists, university professors and the
media have deemed the 1980s the decade of the
entrepreneur, with new businesses opening their
doors every day. Observers of today’s business
scene cite two principal reasons for this small
business boom: the independent spirit of
Americans and their dream of being their own
bosses; and the personal and physical restraints
associated with giant corporations and urban
society spurring an increasing number of men
and women to set out on their own.
Reagan Administration officials offer as
another possible reasons for the boom the Presi-
dent’s policies and programs which they say have
spawned a climate which encourages more people
to take the independent route.
Like many cities experiencing a populating
growth spurt, Allen is no stranger to new
businesses. The increasing number of businesses
and shopping centers locating in Allen has pro-
mpted the Allen Chamber of Commerce to form a
See ENTREPRENEUR P. 2
could be made on the final
legislation, the effective date
for municipal bonds revisions
will probably remain the same.
Discussions between the Senate
Finance Committee and the
House Ways and Means Com-
mittee are scheduled to begin
after Memorial Day, when a
final agreement will be ham-
mered out between the two
boards.
President Reagan has proclaimed this week the
22nd annual National Small Business Week,
honoring the achievements of the country’s 15
million small business owners and outstanding
entrepreneurs.
According to size standards set by the U.S.
Small Business Administration, 99 percent of the
country’s companies are small. Small business is
healthy in Allen, too, from older, established com-
panies operated by generation after generation of
the same family, to brand new ventures seizing
the opportunity represented by the community’s •
growth statistics.
Regardless of product, service or age, most
small businesses tend to have certain
characteristics in common. The entreprenuer is
almost without exception a risk-taker, often with
innovative ideas. Successful small businesses
contribute to their community through the crea-
tion of jobs, the generation of economic growth
and the personal involvement of their owners in
See BUSINESS p. 2
1
L
F
i
gguas-.
$
Allen American strives to bring you what no
other local paper does — complete and fair'
local news coverage.
Subscription rates are easy on the
checkbook. To find out more, call us:
The Allen American
727-3352 or metro 424-0991
Hoag & Sons Book Bindery, Inr
The Allen American
Mhtf"*
33",
A LLEN firemen were called to extinguish a house fire monitors the firemen from outside the building through
• at Cumberland Drive. Allen Fire Chief Ron Gentry the use of his walkie talkie. Photo by Gloria Farabaugh.
The Allen American EXTRA is a special
weekly containing news and features
previously published in The Allen American.
The EXTRA
, -
: " ■ - -
SMALL BUSINESS IS
IX "
-
m,. on city improvement bonds will because of what they’re doing
..... ; on the hill,” said Councilman
3* ■ S.-
•az ' h,L .
e24-m 4 -
mht.cect ■
ble changes on municipal bonds have the budget figures, whic t
will have on the city’s growth, we finalize in August, and the
A workshop to discuss the decide on projects and th
possibility of selling $7 million amount of a bond sale, he add
in general obligation bonds for ed.
Jim Wolfe.
“Figures indicate that
because of the new legislation,
we may have as much as a 2.5
percent increase on any bonds
we sell after September 1,” said
Michael Stanger, ad-
ministrative assistant for the
city. “This would come to about
$4-500,000 extra in payments.
“Right now, the market has
lower interest rates for mun-
6:30 p.m. on Friday, May 30, at portant as a 5 cent tax increase
the Municipal Annex. without more information,” he
The September deadline is said.
generally accepted as the pro- “I think we should do whan
bable date the new legislation we need because we need to, not!
Recent tax reform legislation process of deciding on a bond
now pending in Washington sale,” said Councilman Res
D.C. has brought its message Womack. “I don’t see tie
closer to home as city officials necessity to hustle the project. ’
* • • * 6
city improvements prior to "I'nr uncomfortable with try
----------
a--
—. - - - e - - and the House is the Sept. 1 rate prior to September 1,” said
r ora Park pool opening delayed 1 week; bonds,” said Jon McCarty, legislation takes effect, higher
— — — • Allen’s city manager. “What’s interest rates are expected.”
• • i IP "111 j happening in Washington is a “I understand the implica-
swimming classes and fee schedule set annsaonitcmnandtoxinggstovipp
McCarty, at a recent council prove a bond sale prior to the
By Rebecca Rhoten The Swim Class Schedule was should be Red Cross WSI Cer- available for parties, to meeting, recommended the Sept. 1 deadline,” said Coun-
Staff Writer recently released by the Parks tified. Applications are residents only, at a group rate, council authorize staff and the cilman Jack Pennington. “But I
The opening of Ford Park and Recreation Department, available from Allen City Hall, , city’s bond agents to proceed am undecided about the amount |
Swimming Pool has been Classes are scheduled for two located at One Butler Circle. LLi w E ‘pete’Ford Middle with bond sale and delivery of of the sale and what projects
delayed until Saturday, May week sessions and differen- The fee structure for use of School on Park Place is part of bonds prior to Sept. 1, 1986. should be included in that sale.”
31, due to heavy rains which fell tiated by age and status of the pool was recently approved a $2 6 milion city recreational Councilmembers were wary of Projects proposed during the
in Allen, last Saturday, said swimmer, such as beginners, at a city council meeting. The complex. The completed park approving such a schedule, 1985 Capital Improvements
Mark Thornton, director of advanced beginners, in- fee schedule is applicale to will feature a softball ndPsc which could increase city taxes Bond Program for the next
Parks and Recreation. The termediates and stroke both residents and non- Cer complex four lighted tennis as much as 5 cents. bond sale include construction
city s ram tally for May 17 m- developemnt. Classes are residents. A one-time user fee courts, three lighted basketball With the additional $7 million of the new police and courts
dicated as much as four inches scheduled to begin throughout will be $1. For children under courts a i000;0 track picnic bond sale, the estimates of buildings, roadway paving and
fell within a short time span the summer with 30-minute ses- six years of age, there will be no area and playground The entire revenue received compared to the city’s portion of the con-
Saturday morning. . . , , sions from 8:30 to 11:30 a.m. charge to use the pool. project culdLe completed by bond debts and administration struction of Watters Bridge,
The city s new municipal pool Signups for classes began Mon- - , , _ 1-56, in i 04 costs indicate an increase in ci- land aquisition for the Parks
was scheduled to open May 24, day. Seasona passes are also • ty taxes from the current 42.5 and Recreation Department
in time for the Memorial Day . available including: individual . . For more information on cents to 47.5 cents, said McCar- and remodeling of the central
holiday weekend, but weather T e city is still accepting ap- passes, $20; family passes up to classes, seasonal passes or ty. fire station.
conditions have caused the plications for swimming in- four individuals, $45; and employment with the Parks and “My figures indicate that A resolution is expected by
opening to be postponed an ex- structors to teach a variety of families over five individuals, Recreation Department, call even without another bond sale, the council at the end of the
tra week, he said, morning classes. Instructors $60. The pool will also be 727-9171. taxes would increase to 43.5 workshop.
Growth of small businesses in Allen charted
a- en '>
Fe •6' 1 2,,
TT s • -iy aupavveel ulu3 win
take effect. Although changes
। ^.r ......
I
_ge‛
23 2i . *
cents this year,” he added.
“I’m leery of speeding up the
-
’, 7
1 c
ciA
Upcoming Pages
Here’s what’s next.
Search Inside
This issue can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Newspaper.
Farabaugh, Gloria. The Allen American (Allen, Tex.), Ed. 1 Thursday, May 22, 1986, newspaper, May 22, 1986; Allen, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1454176/m1/1/: accessed July 17, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Allen Public Library.