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Revenue Sharing #221441

CBS Evening News for Friday, Dec 08, 1972
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(Studio) Treasury Department mails 1st revenue sharing checks.
REPORTER: Walter Cronkite

(DC) $2.6 billion mailed to states and localities. Amounts based on population, income and taxes; degree of need, self-help considered. 1/3 money goes to states, rest to locals. [Dep. Undersecretary Treasury James SMITH - says MD Governor Handel's plan to reduce property taxes his business. Central concern of revenue sharing is to delegate authority to state and local govts.]
REPORTER: Neil Strawser

(Studio) Terry Drinkwater reports on revenue sharing in Pomona, California.
REPORTER: Walter Cronkite

(Pomona, California) Pomona granted over $1 million/yr. in revenue sharing funds. Most of money going to law enforcement and public safety. Martin Colson a new police ofr. [Mayor Richard BROWNELL - says narcotics use causing crime increase. Need to combat it great.]
REPORTER: Terry Drinkwater

Reporter(s):
Cronkite, Walter;
Drinkwater, Terry;
Strawser, Neil
Duration:
00:04:20

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