February 18, 1976
Page 3503
CONTINUATION OF HEARINGS IN PREPARATION FOR THE FIRST CONCURRENT RESOLUTION
Mr. MUSKIE. Mr. President, the Senate Budget Committee continues public hearings on the first concurrent resolution on the budget for fiscal 1977 next Monday, February 23 through Thursday, February 26.
These hearings will provide valuable information to the Budget Committee for making decisions on the first concurrent resolution on the budget, which must be reported by the committee to the Senate by April 15. This first concurrent resolution on the budget will set targets for total budget outlays and total new budget authority as well as targets for spending in each major functional category of the budget. The first resolution will also specify targets for revenues for the coming fiscal year as well as the surplus or deficit in the budget which is appropriate in light of economic conditions and all other relevant factors.
On Monday, February 23, the topic will be "Overview of Critical Issues in the 1977 Budget," and former Director of the Bureau of the Budget Charles Shultze and former Chairman of the Council of Economic Advisers Herbert Stein will testify.
On Tuesday, February 24, the topic will be "State and Local Government" and the witnesses will be Mayor Moon Landrieu of New Orleans and president of the Conference of Mayors; Mayor Hans Tanzler of Jacksonville and president of the League of Cities; Westchester County Executive Alfred Del Bello, National Association of Counties; and Mr. Richard Nathan, senior fellow at the Brookings Institution and an expert on State and local finance.
On Wednesday, February 25, the seminar on State and local government will continue with Gov. Robert D. Ray, chairman of the National Governors' Conference, and Gov. Patrick J. Lucey, National Governors' Conference, testifying.
On Thursday, February 26, the topic will be "Controlling Inflation and the 1977 Budget." The witnesses will be Michael H. Moskow, Chairman of the Council on Wage and Price Stability; Secretary of Labor W. J. Usery; Robert Nathan, Chairman of the National Council on Budget Priorities; and Prof. Carl Christ of Johns Hopkins, an expert on State government finance.
All hearings will begin at 10 a.m. in room 357 of the Russell Senate Office Building. Further hearings on the first concurrent resolution will be announced next week.