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• top 5 strategies
  • 1. Create the Nevada Job Bonds Support Fund
  • 2. Require State and Local Governments to Dedicate Annual Appropriations / Authorizations to Capital Programs
  • 3. Eliminate Tax Rate Sunsets Dedicated to Capital Projects
  • 4. Provide a Streamlined Permitting Process and Permit and Planning Fee Abatements
  • 5. Index the Motor Vehicle Fuel Tax
• all strategies
  • 1. Create the Nevada Job Bonds Support Fund
  • 2. Require State and Local Governments to Dedicate Annual Appropriations / Authorizations to Capital Programs
  • 3. Eliminate Tax Rate Sunsets Dedicated to Capital Projects
  • 4. Provide a Streamlined Permitting Process and Permit and Planning Fee Abatements
  • 5. Index the Motor Vehicle Fuel Tax
  • Create a User-based Funding Mechanism to Support the Construction of Transmission Lines
  • Create Industrial Hubs with Development and Transmission of Clean Energy, Transportation, and Communication Capabilities
  • Require the State of Nevada to Produce and Publish a Rolling Five-Year Capital Improvement Plan
  • Require A “Yellow Pages” Test for All State and Local Government Development, Design and Construction Projects
  • Require Local Governments to Include a Schedule in Their Annual Capital Improvement Programs that Shows the Funding Status
  • Prohibit the Use of any Dedicated Capital Dollars for the On-Going Operations of State and Local Governments
  • Dedicate a Set Percentage of State General Fund Reversions to Economic Development Programs
  • Restructure State Economic Incentives to Favor Employee Training Programs
  • Create an Economic Incentive Program for Businesses that Work to Attract Their Suppliers to Nevada
  • Research-to-Results Program: Make 20 Percent of University System Funding Competitive Based on Economic Development Outcomes
  • Create a Job Corps for People Receiving Unemployment Insurance Benefits Longer than 20 Weeks
  • Modify The Millennium Scholarship Program to Offset Tuition Costs For Students Concentrating In Science, Technology, Engineering And Mathematics
  • Consider The Creation Of A Private Equity Program, Which Invests The State’s Severance Tax Permanent Fund In Qualifying Private Equity And Venture Capital Firms
  • Create an iHub System, Leveraging Assets Such As Research Parks, Technology Incubators, Universities, And Federal Laboratories
  • Create Aggressive Tax Credits For Start-Up Companies In Research And Development (Similar To Utah’s Centers Of Excellence Program)
  • Create A Nevada Modified Business Tax Credit Of Up To 10 Percent of Total Liability
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Building Jobs Coalition of Nevada

In Washoe County, voters approved and the Legislature authorized per-gallon fuel taxes collected be indexed for inflation. The current index is the lesser of 7.8 percent or the Producer Price Index for Highway Construction. As a result, the Washoe County Regional Transportation Commissions benefits from an additional 9.08 cents per gallon to maintain and enhance roads.

To illustrate the impacts of this strategy, if an additional 9 cents per gallon were available to the Regional Transportation of Southern Nevada for road construction today, roughly $400 million in additional bonding capacity could be created for critical transportation infrastructure enhancements during the next three years and upwards of $1.8 billion through 2020. Significantly higher yields are generated when diesel and other fuels indexed and added to the equation.

The mechanism has proven beneficial in Washoe County and should be considered for the balance of the state. This strategy could be effectuated by amending NRS 373.066 to include all counties, and would be expected to have immediate effects on local employment levels.