Reform' Hits Tax-Exempt Market; Tax-Exempts Hit By 'Reform' Plan
Tax reformers in Congress last week made sewers in Seattle more expensive, increased the costs of operating Alfred University and Pace College in New York State and made it more difficult for Newark, N. J. -- the scene of one of the nation's worst racial outbreaks in 1967 -- to borrow $12-million for new schools and $4.9-million for urban renewal.