May 31, 2018

Reno News and Review: Tax Hike?

media mention

According to the Institute on Taxation and Economic Policy, the poorest 20 percent of Nevada families pay 6.1 percent of their income in sales tax. The wealthiest one percent of Nevada families pays six-tenths of one percent. That fund has generated from nine to six million dollars annually. With 20 years of sales tax payments for flood control behind them, if the property tax were raised to pay for flood control, would the sales tax for flood control be repealed?

Apparently not. No provision has been made for that change.

Reno City Council member Jenny Brekhus told This Is Reno that the ballot measure is a mistake because it does not address “vulnerability to irrigation ditch breeches or North Valleys flooding. … The money proposed for this vote will not be eligible to help this area or others like it.” Read more