Updates

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...

Two out, bases empty, and in the bottom of the ninth

Fellow Nevadans, In yet another political ploy, Nevada Senate Democrats announced they would not give Senator Hammond’s revised ESA bill (S.B. 359) a hearing. That gives Governor Brian Sandoval one last chance as he steps up to the plate with his ESA bill (S.B. 506) introduced earlier this week. Nearly two years ago, the Nevada Legislature created the Education Savings Account (ESA) program and placed it within the responsibilities of the Nevada Treasurer’s Office. I willingly accepted the challenge because...

Building Tomorrow’s Nevada for Our Children

Fellow Nevadans, I know that Nevada’s children are the future. They are the next generation of doctors, visionaries and leaders. It is our responsibility to make sure they have the opportunities and resources they need to become successful adults. Building tomorrow’s Nevada includes creating an education-focused culture in our state. I want each child to know they can have a successful future, whether they decide to attend a four-year university, or receive vocational or technical training. Started in...

Government should work for you!

Dear Fellow Nevadans, Creating a simple and effective government is a goal that I have pursued in the Treasurer’s Office since the election. I believe this type of government works for the people and serves their best interests. I’ve recently requested an Executive Branch Audit Committee (EBAC) audit of the Governor’s Office of Economic Development (GOED) to take a closer look at the projects they’ve substantially funded with state assistance and tax credits, projects like Faraday Future...

I’ve got your back

Fellow Nevadans, I’m your Nevada State Treasurer, Dan Schwartz and I’m writing this email so that we can get to know each other during the 79th Legislative Session. I’ve brought over 35 years of business and financial experience to the Nevada State Treasurer’s Office, where we have been able to streamline several policies and programs that benefit your families, such as College Savings and Unclaimed Property. Before you elected me as your Treasurer, I worked in investment banking...