What To Expect In Coming Months
By: Doug Busselman, Executive Vice President
As the Legislative Commission's Budget Subcommittee wraps up their preliminary work on the budget proposal offered by Nevada Governor Jim Gibbons the attention starting February 2nd will turn to the grind of money subcommittees digging into the details for further processing. Although there have been some who are urging for critics of the Governor’s proposal to step forward with alternative plans, it is unlikely that anyone is going to step forward with their brilliant idea any time soon.
First, the reality is that righteous indignation for the foreseeable future is necessary in order to bring us all to understand just how big of a failure the proposed plan is. Additional agony and woe is necessary in order to gain full public acceptance of the degree of how bad things are.
Bringing possibly unwilling participants into the extraction process (also known as taxpayers, paying up) can best be accomplished, with the least long-term negative consequences (it would be best to not have to deal with voters in the next election being upset about significant tax increases). Far better to write the resulting history by locking in the mindset of Nevada’s citizens of how difficult choices were made, under trying circumstances and how leaders bore this weight and charted the course that included unavoidable revenue enhancement.
You can expect the next couple of months to feature more of what we’ve been seeing, teachers, K-12 administrators, college professors, students and others of the educational community will be paraded into the public limelight to decry the unacceptable state of affairs. State employees and others paid from state revenues will continue to share their personal examples of what it will mean to not get salary increases and how inappropriate it is to even imagine asking for a six percent reduction in salaries.
When the time is right, probably shortly after the Economic Commission shares their final projections for the coming biennium, the financial data will show the amount required to pay the tab for the shortcomings in the Governor’s proposal. From here, the next step will be finding the taxing mechanism to bring in the amounts of revenue required to meet the “needs”.
Just prior to the end of the session, as the budgets close, the final touches will be applied to the tax increase proposals (probably increases in existing taxes as well as new opportunities for others to pay).
Having documented this projection for how the session will unfold, we will watch as the 75th session plays out and after the dust clears we will see how close to form this set of predictions will match.
As the Legislative Commission's Budget Subcommittee wraps up their preliminary work on the budget proposal offered by Nevada Governor Jim Gibbons the attention starting February 2nd will turn to the grind of money subcommittees digging into the details for further processing. Although there have been some who are urging for critics of the Governor’s proposal to step forward with alternative plans, it is unlikely that anyone is going to step forward with their brilliant idea any time soon.
First, the reality is that righteous indignation for the foreseeable future is necessary in order to bring us all to understand just how big of a failure the proposed plan is. Additional agony and woe is necessary in order to gain full public acceptance of the degree of how bad things are.
Bringing possibly unwilling participants into the extraction process (also known as taxpayers, paying up) can best be accomplished, with the least long-term negative consequences (it would be best to not have to deal with voters in the next election being upset about significant tax increases). Far better to write the resulting history by locking in the mindset of Nevada’s citizens of how difficult choices were made, under trying circumstances and how leaders bore this weight and charted the course that included unavoidable revenue enhancement.
You can expect the next couple of months to feature more of what we’ve been seeing, teachers, K-12 administrators, college professors, students and others of the educational community will be paraded into the public limelight to decry the unacceptable state of affairs. State employees and others paid from state revenues will continue to share their personal examples of what it will mean to not get salary increases and how inappropriate it is to even imagine asking for a six percent reduction in salaries.
When the time is right, probably shortly after the Economic Commission shares their final projections for the coming biennium, the financial data will show the amount required to pay the tab for the shortcomings in the Governor’s proposal. From here, the next step will be finding the taxing mechanism to bring in the amounts of revenue required to meet the “needs”.
Just prior to the end of the session, as the budgets close, the final touches will be applied to the tax increase proposals (probably increases in existing taxes as well as new opportunities for others to pay).
Having documented this projection for how the session will unfold, we will watch as the 75th session plays out and after the dust clears we will see how close to form this set of predictions will match.
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