Top 5 Strategies

for creating jobs

  1. Create the Nevada Job Bonds Support Fund
    11,495 Jobs
  2. Require State and Local Governments to Dedicate Annual Appropriations / Authorizations
    3,823 Jobs
  3. Eliminate Tax Rate Sunsets Dedicated to Capital Projects
    3,077 Jobs

  4. Provide a Streamlined Permitting Process and Permit and Planning Fee Abatements
    3,483 Jobs
  5. Index the Motor Vehicle Fuel Tax
    5,192 Jobs

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Economic Conditions

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.

Building Jobs Coalition

Northern Nevada
316 California Avenue
Reno, Nevada 89509
Phone: (775) 685-6550

Southern Nevada
150 N. Durango Drive
Suite 100
Las Vegas, Nevada 89145
Phone: (702) 796-9986


3Eliminate Tax Rate Sunsets Dedicated to Capital Projects ...

... and Otherwise Increase Financing Flexibility Where Doing So Could Accelerate Essential Infrastructure Projects

One example of this type of opportunity relates to the ¼ of 1 percent tax dedicated to water and waste water programs in southern Nevada. NRS 377B.100 currently requires the ordinance imposing this tax to provide for the cessation of the tax when the total sum collected exceeds $2.3 billion, or on June 30, 2025, whichever is later. The combination of the prolonged decline in taxable sales and the long-term needs for water and wastewater capital investment has rendered the original projections for this financing program obsolete. Consideration should be given to repealing the sunsets for both the dollar amount and the time frame. This strategy could be immediately effectuated by amending NRS 377B to remove the sunset on ¼ cent water and wastewater infrastructure tax in Clark County.

Estimated Impact
Jobs Wages & Salaries Economic Activity
3,077 $180,721,002 $417,177,103

Along these same lines, there may be instances where changing legislatively imposed requirements relating to bonding may benefit from increased flexibility. For instance, bonds for capital projects are generally limited to terms of less than 30 years. However, in a limited number of cases, such as projects which generate user fees or for which the useful life of the asset extends beyond 30 years, there may be instances where longer financing terms may be useful to accelerating the timeline of a needed capital project.

Lifting the statutory restriction in favor of a case-by-case assessment of the most appropriate term for each project may free up additional capacity in the near term. The interest tradeoff may be material, but the increased flexibility may prove useful and could have a material impact on job creation and/or preserving existing jobs. In assessing the potential for longer-term financing, the benefits of additional leverage should be carefully analyzed against any additional interest cost which may be incurred; and, use of such mechanisms as capital appreciation bonds or refunding of existing bonds should be undertaken only if justified by economic and fiscal benefits. Notably, amending NRS 408.273 to permit bond maturities up to 30 years for state highway bonds (not contingent on Nevada receiving federal highway funds) may be a meaningful first step. Currently, maturities are limited to 20 years.