Date: Fri 26-Sep-1997

By KAAREN VALENTA

Published: Aug 11, 1999 12:00 am

Publication: Bee

Author: KAAREN

Quick Words:

Georgia-Pacific-stock-offering

Full Text:

Georgia-Pacific Creates New Stock

ATLANTA - Georgia-Pacific Corp., which operates a distribution facility in

Newtown, has approved a plan to separate its timber business into a new

operating group and create a new common stock for it.

If the plan is approved by shareholders, Georgia-Pacific's existing common

stock will reflect only the performance of the company's pulp, paper and

building products businesses. The company will issue a dividend of one share

of the newly created class of timber group common stock for each share of

Georgia-Pacific group stock. The transaction, which is anticipated to be tax

free to both the company and its shareholders, will be submitted to

stockholders for approval at a special meeting in December.

The $2 per share annual dividend currently paid to shareholders is expected to

remain unchanged, with the company paying an annual dividend of $1 per share

on each class of common stock.

The company's new timber group will be the third largest private timberland

owner in North America with 5.8 million acres in the United States and Canada.

It will do business as The Timber Company and will be engaged in the growing

and selling of timber and wood fiber.

Georgia-Pacific also operates 81 pulp and paper manufacturing facilities in

the United States and one in Canada. These businesses, with an operating

capacity of 9.3 million tons annually, generated $32 million in operating

profits in the first six months of 1997, $390 million in 1996 and more than

$1.6 billion in 1995. By contrast, timber group operating profits were $313

million in 1996 and $271 million in 1995.

Georgia-Pacific is the largest manufacturer and distributor of building

products with 153 facilities in the United States and seven in Canada which

together generated $492 million in operating profits for the first six months

of 1997, $516 million in 1996 and $669 million in 1995. Georgia-Pacific's

distribution business is the nation's largest wholesale distributor of

building materials.

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Well that is some spin. The Democrats have a super majority on the LC and passed the Education Budget without serious consideration of if the voters could afford the multi million dollar increase. "Was the request justified?" rather than "is this needed?" and "can the voters shoulder yet another large increase?" The voters rightly sent it back. Then for some reason all the discussion around reductions to the increase seemed to be coming from the classroom, rather than administration and overhead costs. Is this a coercive tactic to manipulate parents into supporting the budget like tacit threat of cutting freshman sports was two years ago? Who believes the Democrats did not caucus privately before the meeting and came in with a number already worked out? This is the Dems budget, they own it.

Education Cuts: Who Voted For What

I think it is important that we do not villainize every black box seen around a home, business, farm, or municipal property. A black exterior station does not always mean rat poison is being used. These stations can hold a number of different products, including monitoring blocks, snap traps, non-toxic bait, anti-tick bait stations, organic salt- or cornmeal-based control products, and newer fertility-control approaches intended to reduce rodent populations without traditional poisons. The better conversation, in my opinion, is not simply “black boxes are bad,” but rather: what is inside them, who is maintaining them, and whether the rodent issue is being managed responsibly. Exclusion, sanitation, trapping, habitat reduction, and careful monitoring should all be part of a responsible IPM strategy. To be fair, on my own property I do use rodenticides, including Bromethalin and Bromadiolone, in secured bait stations. But that is a choice I make for my property, based on my circumstances and the risk I am trying to manage. I also believe property owners should understand the tradeoffs and be encouraged to use the least harmful effective method whenever possible. I support protecting Newtown’s wildlife. I also support giving residents accurate information and not assuming that every black box represents reckless or unsafe pest control. The goal should be responsible rodent management, not fear of the box itself.

Discusses Policy Against Rodenticides

Debora, thank you! I accidentally doubled the project prices by adding the bond to the appropriation. Thank you so much for catching that and pointing it out. With the corrected numbers, the voters approved a combined $1.32 million for a salt shed ($600k) and library pavement ($720k), while rejecting the $1.12 million replacement turf. Regarding the 80s, I truly respect the hurdle of 14% mortgage rates. My point is simply that the math has shifted: in 1980, while the rates were higher, the price of a home relative to earnings was significantly lower. We are facing a different, but equally crushing, financial wall. Ultimately, it is disheartening that voters who recognized safe sidewalks and parking lots as essential, dismissed a playing field in the exact same condition. The turf has passed its life cycle and is just as much of a liability as the library’s pavement, the only difference is that this safety concern affects thousands of children who, coincidentally, cannot vote. These are apples-to-apples needs. I was hopeful our community would agree that all Newtown residents deserve safe conditions, regardless of which facility they utilize. Again, I would be remiss not to mention that when 82% of residents don’t show up, we have to deal with the interests of those who did. Hopefully, the next referendum will have a bigger turnout.

The ‘Me’ Generation

Thanks for the reply. I meant the numbers you presented in your letter. I found one place where other numbers were listed: https://www.newtownbee.com/04232026/get-out-and-vote-on-the-2026-27-proposed-municipal-and-school-budgets/?q=\\\%22advisory%20questions\\\%22. In that article, the numbers were cited as: Treadwell field: $1,125,000 Library: $720,000 Salt Storage: $600,000 As one who started out in the early 80's when inflation was double digits, my 1985 mortgage rate was 14%, and child care costs were comparable (in present value), I shared your grief but never considered the voters ironic or shameful. PS. I agree college tuition is ridiculous. Thankfully, universities are offering (or considering) waiving all or most tuition for middle class families (upwards of $200,000 incomes). Hopefully, they'll also reconsider their need for those funds in the first place.

Sure! Child care costs: https://www.ffyf.org/2022/10/13/data-child-care-prices-continue-to-rise-ahead-of-midterm-elections-outpacing-inflation/ (also from 2021-2025 we had 2 children in a local daycare in Newtown and it cost us $3200 a month, so that's a number I am very familiar with) Home price / median price vs income source: https://www.jchs.harvard.edu/home-price-income-ratios Tuition increase vs inflation: https://feed.georgetown.edu/access-affordability/noting-a-decline-in-middle-class-students-colleges-provide-more-aid/ Hope this helps :)

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Date: Fri 26-Sep-1997

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