Updates

Nevada taxpayers get rolled—again!

Fellow Nevadans,  Once again, the Nevada taxpayer has been lured into a dark alley. And the prospects of his (or her) emerging intact don’t look good. A recent news article reports that, contrary to what Nevadans have been led to believe, the stadium’s total costs are merely an estimate, not including costs overruns; and, not including the project’s impact on the $1 billion state infrastructure budget. Moreover, Stadium Authority Board Chairman and GOED Director Steve Hill, admits,...

Putting Money in the State’s—and Your—Pocket!

Fellow Nevadans, I am pleased to offer several programs like ABLE and Unclaimed Property to put extra money in your pocket. The Treasurer’s Office also facilitates college scholarships, tax free college savings plans, and more than doubled payments to state agencies by successfully investing the General Fund. We have multiplied returns on the Local Government Investment Pool (LGIP) over 10 times to better serve your county. I want to ensure the financial well-being of the State...

Nevada’s Own SNL skit

Fellow Nevadans, Recent newspaper stories reporting that Faraday Future is “seeking to raise $1 billion” to fund its proposed electric automobile plant suggests a Saturday Night Live skit:for a company whose financing comes from highly questionable fund raising sources in China; is way behind in paying its bills (if it ever does); and has done little but move sand around on its North Las Vegas site for the past 18 months, Nevadans would do well to ask themselves...

The Supreme Sacrifice

And round that early-laurelled head Will flock to gaze the strengthless dead, And find unwithered on its curls The garland briefer than a girl's. (From An Athlete Dying Young, in A.E. Housman's A Shropshire Lad.) Fellow Nevadans, As we reflect on this Memorial Day, the words of this poem elegizing a young athlete, serve to remind us that those who were killed in modern wars were young. I remember sitting in the synagogue a few years back as the names of those...

We could build a FABULOUS stadium for half

Fellow Nevadans, I couldn’t be more excited that Nevada will finally have their own football team. But, I am outraged at the cost and the amount Nevadans are contributing. I know many of you feel the same way. The Las Vegas Raiders Stadium is estimated to cost $1.9 billion (before cost overruns), with taxpayers kicking in $750 million for construction. We’ll also be fast-tracking infrastructure improvements at a cost of nearly $1 billion. Do the math. Nevada is...

Home Means Nevada, Home Means Lands We Don’t Even Own!

Fellow Nevadans, Our great state is ranked 7th largest in square mileage, coming in at roughly 110,560 square miles. With that ranking comes another “achievement” albeit one we probably shouldn’t boast about. We have the largest percentage of federally owned land in the country. The federal government is in charge of 87% of Nevada’s land. They have ultimate control over these lands and even though your taxes fund their programs, you have very little say in their...

Welcome to the “Silver”, er “Sucker State”

Fellow Nevadans, I recently requested a performance audit of the Governor’s Office for Economic Development (GOED). I’m looking for specific information behind the tax incentives offered to Tesla and Faraday Futures. That’s why information revealed in a recent Pew Charitable Trust study is not surprising. Nevada’s rating reflected our failure to track tax incentives through a regular evaluation plan. GOED has awarded billions of dollars in tax incentives since the committee’s creation in 2011. No one knows how they...

SHOW ME THE MONEY!

Fellow Nevadans, Drive out to the Apex Industrial Park in North Las Vegas and you’ll find smooth piles of sand where a factory churning out electric cars was supposed to be operating. Faraday Future halted construction in November 2016, after just 6 months of work. Faraday predicted construction for “Phase 2” would start again in January then in February 2017. Now the start date has been set for “sometime in 2018.” The simple fact is the Governor’s Office...

2018 Elections

Fellow Nevadans, With all the talk about who’s running for what in 2018, I want to reassure you that my focus is on this legislative session and doing the job you elected me to do. That includes increasing returns on the State’s money, fighting for ESAs, protecting Nevada taxpayers against pie-in-the-sky projects; strengthening college savings, and improving the unclaimed property process. All too many politicians have set their sights on fundraising for their next campaign rather than...

Simple. Effective. Government.

    Fellow Nevadans, Last Friday (April 14) was the first major deadline of the Legislative Session. Bills either had to make it out of their first committee or be given an exemption to move forward. I’m happy that my office was able to effectively work with both parties to push Senate Bill 10 and Senate Bill 76 past this deadline. As you know, the Treasurer’s Office has been successful in dramatically increasing the return on the State’s investments. These...

Trouble in Carson City— we’re not talking about the pool hall

Fellow Nevadans, Last November, Nevada voted to legalize recreational marijuana in the state. But, the Governor and the Legislature left as many questions unanswered as they decided. The Federal government has refused to legitimize recreational marijuana in spite of several states that have passed laws legalizing it. How will dispensaries bank the proceeds from their sales and where will all that cash end up?  We still haven’t decided whether recreational marijuana is simply a pleasant experience...

PMS: Provision Mandating Sales Tax

Fellow Nevadans, I am not pro-tax— no secret to anyone. All too many taxes create unnecessary costs for Nevadans and should not be on the books. The “pink tax” is one such tax that places an unfair burden on Nevada women. Senate Bill 415 will repeal this tax.  Unlike food and medication, clearly necessity items, feminine hygiene products still are subject to a sales tax. I have two daughters and a wife who would convincingly suggest that feminine...