The 2005 session of the Nevada legislature will be remembered for the number of major policy decisions, which were passed. If Governor Guinn signs all these then it will indeed be a major achievement for the State, the legislature and the Governor.
Cap on Property Tax: Guinn signed into law a cap on annual property tax increases of 3 percent annually for owner-occupied homes and owners of low-income apartment complexes, and 8 percent a year for all other property owners.
Reduction in Pay Roll Tax: A proposed reduction in payroll taxes from .65 percent to .63 percent of gross payroll will save businesses an estimated $14 million over the next biennium.
Education — A new $100 million educational fund pushed by Guinn will help innovative and new schemes to help every child under the No Child Left Behind Act. The most highly publicized facet of this funding will help establish all-day kindergarten for at-risk schools.
Higher Education will get a boost through a proposed $200 million capital improvement spending program that would result in new infrastructure for colleges and universities in Nevada.

These are only a few of the many new policies passed by the legislature.

This entry was posted on Tuesday, June 14th, 2005 at 8:51 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.