Today, legislative leaders unveiled a plan to raise $1.5 billion in revenue while also creating a long-term structural fix to Nevada’s 1950s tax code.
Jeremy Aguero, principal at Applied Analysis, presented this presentation today showing lawmakers options to increase funding in the budget. You can find everything from Nevada’s massive budget deficit — 54 percent of the total budget — to the short-term and long-term fixes.
This is a balanced plan — one that gives businesses flexibility and reduces some tax burdens even as it broadens the tax base and cleans up the code. There are still cuts, but money can be restored to key K-12, higher education and social service programs, if this type of approach is approved by the Legislature.