A20-Sunday News, March 30, 1980

VANCOUVER (UPI) - The ;
provincial government has ‘
set the 1980 basic levy for
school purposes at 41.25
mills, an increase of one-
quarter of a mill over 1979,
Education Minister Brian
Smith announced last week.

In making the announce-
ment at a news conference
attended by teachers, school
trustees, educators and
municipal politicians, Smith
also said the 1980 provincial
share of the basic education
program would be increased
by one per cent to 40 per
cent.

The provincial share had
decreased im the last five
years from 48 per cent in
1975 to 39 per cent last year.

“Limiting the increase in
the basic levy reverses the
trend of recent years that has
seen the provincial share of
education costs reduced and
. Should result in local tax-
payers paying less than they
had anticipated for
education,” Smith said.

“We recognize the hard-
ships of increasing costs for
taxpayers, particularly those
on fixed incomes,” he ad-
ded.

Smith said the education
ministry will also provide $4
million to $6 million to local

school districts for the
education of the ap-
proximately 600 severely

handicapped students, and
$1.7 million for English-
language training for
refugees.

The increase in provincial
funding for the severely
handicapped will be
provided through a new
support program in which
the ministry assumes costs
beyond the regular program.

“A district will have only
to pay the local per pupil
share for the basic
educational program,”
Smith aid. “The provincial
government will meet the
additional educational costs
to ensure that children in
recognized provincial

programs for severely handi-
capped

students are

provided for.” .

The education minister
said the $1.7 million
allotment for English-
language training for
refugees will cover the entire
costs borne by the particular
municipality over and above
its regular language-training
costs. ,

“The funding will provide
total relief to districts which
are running special English
language classes’ for
refugees. For example,
Vancouver, which like many
other districts is doing an
excellent job, will have their
efforts recognized by extra
funds under this program.”

The government already
provides 100 per cent
funding for the province's 20
community colleges and
institutes, and has allocated
more than $227 million for
colleges and institutes in
1980.

Smith said he hoped the
move to hold down the costs
to local taxpayers would
continue in future years and
be a “trend of the province's
share of the responsibility.”

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Hectic scenes

Members of the New York Stock Exchange (above)
engage in active trading during one of the wildest
sessions in its history last Thursday.

The Dow Jones Industrial average, down more than
25 points in the last hour, rebounded spectacularly to
close only 2.14 points down at 759.98.

Rumors that the billionaire Hunt brothers of Dallas
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silver holdings sent gold, silver and stocks plummeting.

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year history -- was created by bargain hunters and
speculators who found some oils and a few other
selected issues attractive in the final minutes of
trading.

But the winners were few as declines routed ad-
vances by about a 15-to-1 margin. Trading amounted
to 63 million shares, the seventh heaviest on record.
(UPI Wirephoto)

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