SB 201, which would implement the RTC-5 ballot initiative, passed the Senate today by a vote of 20-1! The only no vote was Senator Barbara Cegavske, who expressed concerns about the lack of a sunset clause and the timing of a tax increase in this economy.
The problem with a sunset is that the revenue received from this bill has to be bonded out over several years. In order to bond those revenues, you have to have a steady revenue stream. There is a mechanism in place to allow the Washoe County Commission to review the increased rates every year.
The bill is supposed to receive a hearing in the Assembly Transportation Committee next week.
About Our Organization
- The Reno Sparks Chamber of Commerce
- Reno/Sparks, Nevada, United States
- The public policy mission of the Reno Sparks Chamber of Commerce is to shape an environment conducive to business growth, job creation and a high quality of life throughout our community; to support local businesses; to promote member companies, our region and free enterprise; and to advocate for public policies consistent with the economic well-being of the regional business community and superior quality of life standards.
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