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Finances / New York City / California #54495

ABC Evening News for Thursday, Jun 29, 1978
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(New York City Studio) Senator passage of bill guaranteeing loans to New York City noted. House version of same bill outlined. California cities' problems from taxpayers' revolt mentioned.
REPORTER: Harry Reasoner

(No location given) Details given about advances New York City has made in city's financial state since nearly going bankrupt in 1976. [Mayor Ed KOCH - discusses views of relations between government and private sector.] City's contd. problems, especially with city employees, outlined.
REPORTER: Dan Cordtz

(NYC) television commercial shown. Report is on feeling by some in Congress that NYC deserves loan guarantees because of progress made since 1976 and view of others that guarantees may kill city's incentive to do more for self. ABC News' invitation to Senator Jake Garn to visit New York City and explain reasons for opposition to loan guarantee bill reported; details given of visit. [GARN - compares NYC-federal government situation to father-son relationship. Discusses reasons he favors letting New York City support self without federal help.] Outline given of Garn's statements concerning various segments of city's financial life.
REPORTER: Don Farmer

(DC Studio) California Governor Jerry Brown's confrontation with state employees in Sacramento because employees' raise has been denied reported Film shown. [BROWN - says 1st objective is to limit public employees layoffs.] Prop. 13 mentioned.
REPORTER: Sam Donaldson

Cordtz, Dan;
Donaldson, Sam;
Farmer, Don;
Reasoner, Harry

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