The Economic Forum met this week to make its final budget projections for the upcoming biennium. This forecast is the final official revenue estimate that is used by the Legislature in balancing General Fund appropriations with projected General Fund revenues for each biennial budget period. Comparisons with the December report show much more optimism in the […]
Read Full ArticleThis week, the Economic Forum’s Technical Advisory Committee met and found that the legislature will likely have at least $80.4 million more in tax revenue to spend over the upcoming budget cycle than originally anticipated. The TAC does projections on the “minor” revenue sources, while the Economic Forum, which will be meeting on Tuesday, projects the major sources: […]
Read Full ArticleThis week in the Nevada Legislature, most committees were cancelled and the focus was on floor sessions as the first house passage deadline approaches (April 20th). In the past five days, almost 160 bills and resolutions received floor votes in their house of origin. This week we also saw the (very limited) opening of the […]
Read Full ArticleBill Hearing Highlights AB97 AB97, a bill that would both create a work group to assist with federal studies on PFOS chemicals in drinking water as well as assist with clean up efforts on military bases throughout the state due to the high levels of the toxin in equipment, was heard by the Assembly Committee […]
Read Full ArticleBill Hearing Highlights AB28 AB28 restores the inverse preference for businesses that want to come to Nevada. Vendors that receive a preference in their home state will receive a penalty to their Nevada score by the same amount. This was in place from 2003-2009 but was removed when a preference for businesses owned by disabled […]
Read Full ArticleBill Highlight: AB110 This week, Governor Sisolak signed into law AB110, The Lobbying Disclosure and Regulation Act. Due to the uniqueness and virtual nature of this legislative session, this bill outlines the registration process for lobbyists as well as defines who qualifies as a lobbyist. Under the Act, a person is a “lobbyist” and subject to […]
Read Full ArticlePresentations Department of Conservation and Natural Resources On March 11, the Senate Committee on Finance and the Assembly Committee on Ways and Means held a joint session in which they heard budget hearings from various divisions within the Department of Conservation and Natural Resources. These included the Division of Water Resources, the Division of Forestry […]
Read Full ArticleBill Hearings AB5 AB5, a bill that is intended to provide clarification on when decisions made by the Division of Water Resources are subject to being challenged through judicial review, was heard by the Assembly Committee on Natural Resources. Committee members were concerned over the language potentially providing a possibility of giving the State Engineer […]
Read Full ArticlePresentations Property Taxes On February 23, Briana Johnson and Dave Dawley, two County Assessors, gave a high-level presentation on property tax to the Senate Committee on Revenue and Economic Development. Following the presentation, Committee members asked many clarifying questions related to the impact of the 2020 economic crisis on property value. DMV The DMV proposed […]
Read Full ArticleThe second week of the 81st Session of the Nevada Legislature brought more agency presentations, budgets, and a few bill hearings. A few highlights from the week: AB106 AB106 was introduced and moved quickly through the process. It was signed Friday morning by Governor Sisolak. The measure provides an additional $50 million for small businesses […]
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