|
Carson City
– Governor Jim Gibbons today hailed the passage of Assembly Bill
595, which provides close to 1 billion dollars in funding for
critically needed transportation projects without raising taxes.
“This is a win for Nevada. We have found a way to alleviate the
transportation crisis without burdening Nevada’s hardworking
taxpayers. As I have consistently stated, growth should pay for
growth, and we have done that here today,”
said Governor Gibbons.
Governor Gibbons proposed his
transportation plan on May 10th and invited others to come
forward with additional ideas on how to address the state’s
transportation funding needs without raising taxes. This
compromise bill includes ideas from a number of parties.
Specifically, this bill includes a $20 million yearly commitment
by the Las Vegas Visitors and Convention Authority (LVCVA), a
diversion of a small part of the existing car rental tax, and a
re-allocation of 3 cents of property tax revenue earmarked for
capital projects in Washoe and Clark Counties. Nearly $1
billion will be bonded for the most critically needed
transportation projects.
“This is the result of hard work and compromise by many
legislators of both political parties and by many interested
organizations, and I commend each and every one of them for
their commitment to finding a solution that would accomplish our
goals without raising taxes,”
Gibbons added. |
