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lne President would allot $250,000,000 a year, for five years to the States, for school buildings. The Kelley Bill would make it $400,000,000 a year for four years. In cither case, the States would hast to match the Federal money, dollar for dollar. There would be varying*formulas, based on school population, or other indices of need under Which the States would receive differing amounts. It has been estimated the Kelley Bill would give Virginia $1130 a year /or each school-age child.
Virginia might be permitted a smile at one provision included in both the Presidents plan and the Kelley Bill. The Federal Government would be authorized to buy school bonds when the local communities were having trouble sell- > ing them. Virginia’} municipal bonds are better sellers in the investment market than the bonds of the Federal Government.
Under both proposals, the Federal Government also could advance nfoney for comm un i t ies the early interest and amortiza which might not be able to pay tion charges on the bonds they want to sell. •
In addition, the President wants a bigger appropriation for the United States Office of Education to permit , more research on educational needs and methods. Mr. Eisenhower also wants to continue' the present financial aid to communities whose school overcrowding is caused largely by the presence of large federal establishments. So far, the only effect this has had on us in the 7th Congressional District is that our Federal taxes help pay for new schools in such places as Arlington and Alexandria, where thousands of Federal employees live.
We can slip into an economic dream world, however, by thinking that we are getting “extra money ” if it comes to Washing
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