The LVSun reports that Assembly Speaker Barbara Buckley wants to put two cents from every dollar of state revenue into the Nevada’s rainy day fund. Says the Sun:
Buckley said Wednesday that in the upcoming legislative session, she will propose a “forced savings account” into which 2 cents of every “new dollar” of state revenue would be deposited. New dollars would be any money that comes in above existing revenue levels.
Taking the pennies from new dollars would prevent this system from siphoning funding from existing programs, she said.
Having talked with state Sen. Bill Raggio, R-Reno, and Democrat Steve Horsford, the state Senate’s new majority leader, among others, Buckley said she has not “found one person who does not think it’s a good idea.”
It’s also been reported that (1) Democratic Sen. Bob Coffin has suggested a “temporary” tax that would cease when certain savings goals are met, and (2) our “no new taxes” governor Jim Gibbons has said he might agree to approve a temporary new or increased tax if it has an expiration date.
If Coffin’s plan flies and Gibbons signs off, I guess we’ll have to call him the ”no new taxes unless you pinky swear they won’t last forever” governor.
