Create the Nevada Job Bonds Support Fund
Require State and Local Governments to Dedicate Annual Appropriations / Authorizations 
Eliminate Tax Rate Sunsets Dedicated to Capital Projects
Provide a Streamlined Permitting Process and Permit and Planning Fee Abatements
Index the Motor Vehicle Fuel Tax
Nevada's Current
Economic Condition
Nevada’s economy has been ravaged by the economic recession that began in December 2007. The economic downturn has required private sector employers to cut 179,400 jobs, and, at the same time, reduce hours, wages and benefits for their remaining employees. There is no precedent for these impacts in Nevada’s modern history.
When the recession officially began, Nevada’s unemployment rate was 5.3 percent. Since, it has risen to a record-high of 14.4 percent (September 2010) and presently stands at 14.2 percent (October 2010) - the highest rate in the nation. During that same period, private sector employment has fallen from 1,137,100 to 957,700 or a 15.8-percent reduction. Stated otherwise, roughly 1 in every 6 private sector workers have been displaced since the recession began.
For those continuing to work, pay rates and hours on the job have also been reduced. In December 2007, the average private sector worker was working approximately 37.0 hours per week. As of October 2010, this figure has fallen to 34.2 hours per week, a reduction of nearly 8 percent. This translates into 9.3 million fewer hours on the job for local workers per week and nearly 466 million fewer hours per year. The result is an effective “underemployment rate” of 22.3 percent for Nevada.
The U.S. Bureau of economic analysis reported total, private sector earnings of $51.8 billion in the fourth quarter of 2007 for the state of Nevada. In the second quarter of 2010, this figure has fallen to $41.0 billion. This translates into a loss in private worker wages and salaries of $10.8 billion, or 20.9 percent. This reduction in private sector earnings is not only a function of fewer employees working; the average private sector employee is also earning significantly less than they did when the recession began. In the fourth quarter of 2007, the average employee reported weekly earnings of $860 per week, or an average annual salary of $44,720 per year. As of second quarter, this figure had fallen by 11.4 percent or to $762 per week and $39,624 per year. At present, there are 181,600 people actively looking for a job in Nevada, the highest number in state history. It does not appear that getting these people back to work will be either quick or easy. Although the nation’s economy is showing signs of improvement, the tell tale signs of the economic turnaround – employment growth, new investment, productivity growth, value stabilization and improved consumer sentiment – remain less visible locally. Moreover, the state’s two largest industries, tourism and construction, remain depressed. Nevada’s largest hotels and casinos reported a combined loss of $6.5 billion in 2009, and significant supply overages in nearly every segment of Nevada’s real estate market has all but halted residential and commercial construction alike.