Sparks faces tax hike or service cuts
Friday, May 1, 1998 | 10:39 a.m.
The culprit is sales tax receipts, which are running almost 6 percent behind what the city was counting on. That translates to a $1.7 million shortfall, the City Council was told during a budget hearing on Thursday.
It would take a 5 percent reduction in the budget or a 10-cent hike in property taxes to offset that. Increasing taxes 10 cents per each $100 worth of assessed valuation would cost somebody with a $100,000 home $35 dollars a year.
Any tax hike would have to be approved by voters. City Manager Terry Reynolds said that since employees account for $29 million of the city's $35 million budget, the only way to offset the deficit would be layoffs or a hiring freeze.
archive
- Most Read
- Discussed
- Most E-mailed
- CityCenter unveils Crystals high-end retail district
- Sarah Palin wasn’t a disaster, but Obama is
- Freeze warning issued for LV
- Fontainebleau lenders sue construction companies over liens
- CityCenter’s Mandarin Oriental makes Vegas debut
- Limo drivers’ suit over wages gets class action status
- AG says any Station Casinos trustee must be licensed by regulators
- Kruger may soon seek more disciplined shot selection
- Kimbo Slice not enjoying cutting weight for first time
- As national jobless rate improves, LV sees signs of trouble
Blogs
Politics: Ralston's Flash
Superintendents want state to immediately seek Race to Top funds
Top Chef: Las Vegas
The great Jennifer debate (1 Comment)
The Kats Report
From Eva Longoria Parker to a cluster of execs, crowd takes a shine to Crystals (2 Comments)
Elsewhere
Harry Reid's recipe for getting health-care deal done (8 Comments)
UNLV in at No. 11 in SI's college hoops power rankings (3 Comments)
Top Chef: Las Vegas
Top Chef Episode 13: A few good chefs
Gray Matter
Fight weekend in Las Vegas and Thanksgiving (3 Comments)
Calendar »
- 5 Sat
- 6 Sun
- 7 Mon
- 8 Tue
- 9 Wed
-
The Ultimate Fighter 10 Finale at the Pearl
The Pearl at the Palms | 4 p.m. to 10 p.m.
-
Willie Nelson at Planet Hollywood Theatre for the Performing Arts
Planet Hollywood Resort and Casino | 9 p.m. to 11:59 p.m.
-
Cash'd Out at Aliante Station
Aliante Station Casino and Hotel | 9 p.m. to 11:59 p.m.
-
Brooks & Dunn at the Hilton
Las Vegas Hilton
-
Ron White performs at the Mirage
Terry Fator Theatre
The Sun
Locally owned and independent for more than 50 years.
Technorati











