Nevada's Proposed Budget Includes $100M for Scholarships

Kelemen, Jasmina
January 2005
Bond Buyer;1/26/2005, Vol. 351 Issue 32057, p36
Trade Publication
This article reports that Nevada Governor Kenny Guinn's $5.7 billion budget proposal for 2005-2007 included $100 million in state bonds to shore up a scholarship program for college-bound students. Flush with a $320 million surplus and tax revenues that are expected to reach $5.7 billion over the next biennium, Guinn proposed nearly $2 billion in new spending for educational programs, $1 billion for highway improvement projects and rebating $300 million of the tax surplus to residents. In addition to the sales and gaming taxes injected into the state's coffers, revenues from new or higher levies that were enacted two years ago as part of a controversial $833 million tax increase have also outpaced projections.


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