Specifics of the proposal before passing judgment
Gov. Brian Sandoval’s $1.1 billion tax package to fund education and other state services caught some industry groups off guard, but the state’s largest business organizations say they will await specifics of the proposal before passing judgment.
Representatives of gaming, mining and retail industries say they like the Republican governor’s vision to improve education. It’s how to pay for it that is giving them pause.
Virginia Valentine, president of the powerful Nevada Resort Association, applauded Sandoval’s plan to jump-start school construction and capital improvements.
“The NRA has always advocated for increased and stable funding for all levels of education in our state,” Valentine said in an email. While admiring the governor’s intentions, she added, “We, like many other Nevada businesses, await the details.”
Getting the two-thirds votes in both the state Senate and Assembly needed to pass the tax package will not be a cakewalk for the popular governor. And lawmakers are expected to bring some of their own ideas on taxes when the 120-day legislative session begins Feb. 2.
The cornerstone of Sandoval’s proposal is an overhaul of the state business license fee. Businesses large and small currently pay a flat $200 each year. The governor wants to establish a tiered rate schedule, ranging from $400 up to $4 million, based on gross receipts.
Sandoval said the move would raise $430 million over the two-year budget cycle and pay for his plan to elevate Nevada’s education system from the basement dungeon to the penthouse suite, nurturing a workforce demanded by the high-tech companies such as Tesla that he’s worked to recruit to the Silver State.