It is now the eve of the 75th convening of the Nevada Legislature. But don’t get too excited, kids! Tomorrow will be a day of glad-handing and back-slapping and silly grinning.
Anyone waiting for actual state business to be done will have to wait (at least) until Tuesday. Longer, probably, since the the Dems still have not put forth a comprehensive budget proposal, and it’s going to be more than a 5 minute job to solve our $600 million budget shortfall.
Even then, with the Dem super-majority in the Assembly, the best that minority leader Heidi Gansert will be able to do is convince her team that supporting tax-and-spend policies is bad for their electoral futures. And if they don’t believe her and choose to join the Dems in a “bi-partisan” action, I’m guessing it’ll be D-Day for them in 2010.
Update: Steve Sebellius has the Democrat “plan” – all two vague-sounding, double-spaced, extra large font pages of it – here.
Tags: 75th, Buckley, Budget, Gansert, Gibbons, Horsford, legislature, Nevada, session, Taxmas Eve
Posted by E!!
on November 13, 2008
Nevada,
Taxation /
No Comments
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.
Tags: Buckley, Coffin, Gibbons, Horsford, Nevada, Raggio, rainy day fund, Taxes