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05-Mar-2019 09:34

The expiration of this provision will provide an additional million a year to the Highway Fund beginning in July 2013.

DMV spokesman Kevin Malone said today the agency will be seeking the lower level of administrative costs in the next budget.

He acknowledged that Nevada has to get moving for a successful Olympics bid.

“This funding infusion comes at a crucial time for Nevada, since the current ending fund balance in the State Highway Fund is now depleted to record low levels not seen in more than two decades.” The additional tax money is set to flow to NDOT as the result of two separate measures already approved by the Legislature.

But Nevada’s general fund demands, from funding for public education to an expanding Medicaid population, could potentially put these funding streams for road projects at risk.

Sandoval said in March he will extend the “temporary” tax package into the next two-year budget to avoid cuts to education, including a 0.35 percent sales tax increase and a higher tax rate for large businesses under the payroll tax.

“The presentation I heard said they might quadruple the air traffic out of Vegas where people are staying in Vegas, flying up here for the Olympics.

They are going to get on Interstate 580 and head straight to the Spaghetti Bowl and probably wait 30 minutes to get through it.” Sandoval, who has directed the state Department of Transportation to look at the infrastructure implications of an Olympic bid, said Nevada is doing all it can to ensure it gets every road dollar available.

“This funding infusion comes at a crucial time for Nevada, since the current ending fund balance in the State Highway Fund is now depleted to record low levels not seen in more than two decades.” The additional tax money is set to flow to NDOT as the result of two separate measures already approved by the Legislature.

But Nevada’s general fund demands, from funding for public education to an expanding Medicaid population, could potentially put these funding streams for road projects at risk.

Sandoval said in March he will extend the “temporary” tax package into the next two-year budget to avoid cuts to education, including a 0.35 percent sales tax increase and a higher tax rate for large businesses under the payroll tax.

“The presentation I heard said they might quadruple the air traffic out of Vegas where people are staying in Vegas, flying up here for the Olympics.

They are going to get on Interstate 580 and head straight to the Spaghetti Bowl and probably wait 30 minutes to get through it.” Sandoval, who has directed the state Department of Transportation to look at the infrastructure implications of an Olympic bid, said Nevada is doing all it can to ensure it gets every road dollar available.

“So I think the construction community should be very pleased about that,” he said.