History has shown that when government subsidizes businesses, not only do the favored corporations tend to lose, so do taxpayers and legitimate businesses. Yet, that’s exactly what the City of Las Vegas is considering doing in possibly subsidizing a downtown sports arena.
In 2011, under the guise of “economic development,” state lawmakers created the Catalyst Fund, administered by the Governor’s Office of Economic Development, to provide up to $10 million in state tax dollars to private businesses. In response, NPRI’s Center for Justice and Constitutional Litigation has just filed a lawsuit charging that the Catalyst Fund violates Article 8, Sections 9 and 10 of the state constitution.
After voters overwhelmingly voted to maintain the Nevada Constitution's ban on state monetary gifts to private companies, the Governor's Office of Economic Development devised a round-about way to offer government subsidies to private companies.
The Center for Justice and Constitutional Litigation at NPRI sued the Governor’s Office of Economic Development over Nevada’s Catalyst Fund, which provides unconstitutional taxpayer subsidies to private businesses.
LAS VEGAS — Graduating Clark County high school students who show the potential to make a significant contribution to the cause of economic liberty should seek a $2,500 college scholarship being awarded by the Nevada Policy Research Institute.
This is the fourth year that the Professor R.S. Nigam & NPRI Freedom Scholarship is being offered. It is open to all Clark County high school students — whether they attend a public, private, online or home school — who plan to attend college beginning in the fall of 2014.
Nevada PERS pension payouts for January 2014 are now online and searchable by name at TransparentNevada.TransparentNevada.com/nvpers will allow taxpayers to easily see how much money former government employees are collecting from Nevada’s taxpayer-backed and woefully underfunded Public Employees’ Retirement System.
The left's new agenda is to smooth income "inequality" by extending unemployment benefits and raising the national minimum wage. But, data shows it is one's decision to work that plays the biggest role in determining one's position on the income scale.
With much ado and fanfare, Nevada public officials have aggressively touted subsidies from the state’s $10 million Catalyst Fund incentive program, but signed agreements for nearly $7.1 million in committed monies do not yet exist.
Total Records: 1255
|next 10 »|