Nevada will collect more in taxes next biennium without sunsets than it did in this biennium with sunsets
In FY 2014-15, Nevada will collect $6.27 billion in taxes for its general fund, which includes around $600 million in sunset taxes. For FY 2016-17, Nevada will collect $6.33 billion in taxes without the sunset taxes.
With Gov. Sandoval proposing the largest tax increase in Nevada’s history, including a modified version of the margin tax voters just rejected by a 4-to-1 ratio, you’ll be hearing a lot about how Nevada doesn’t have a diversified tax base.With Gov. Sandoval proposing the largest tax increase in Nevada’s history, including a modified version of the margin tax voters just rejected by a 4-to-1 ratio, you’ll be hearing a lot about how Nevada doesn’t have a diversified tax base.
The November wave that swept Republicans to victory not only solidified their control of the governor’s mansion but also saw them capture both chambers of the Nevada Legislature for the first time in 85 years.
So now what?
Medicaid was originally designed to provide a medical safety-net for very low-income Americans, particularly children. Before the ACA expanded eligibility, over half of Medicaid enrollees were children, while individuals who were disabled, blind or aged made up almost a quarter.
In contrast, the vast majority of the new enrollees are healthy adults, who are often childless and generally healthy.
An amazing story in today's Las Vegas Review-Journal shows how some people think about education reform. The Las Vegas Metro Chamber of Commerce hosted a panel discussion that was reportedly on education reform, but turned into a discussion of how to get more money from taxpayers.
The Public Employees’ Retirement System of Nevada has a huge math problem: It’s promised to pay around $40 billion more in benefits than it currently has, even after including reasonable returns from its investment.
There's a big myth at the heart of the margin tax debate.
There's a very interesting story in the Las Vegas Review-Journal today about the Clark County School District writing a $100,000 check to remove CCSD Board president Erin Cranor from a lawsuit.