Nevada Lands bill passage to bring jobs, economic development to Lyon County, Yerington
The City of Yerington and Lyon County are pleased to announce that Friday, the U.S. Senate passed the Congressional legislation to transfer 10,400 acres of land from the federal government to the City of Yerington.
The same bill passed the House of Representatives on Dec. 2014. Section 3009, the “Land Conveyance to Yerington, Nevada” was included in the National Defense Authorization Act and will now go to President Obama for signing before year-end.
Yerington, Lyon County and Nevada Copper, Inc. have worked for over five years to develop and implement this proposal. Though it has been characterized as a “land bill”, we all still assert that this is a jobs and economic development bill. It not only expedites development of the Nevada Copper Pumpkin Hollow Mine, but enables the City to collaborate with the company to integrate infrastructure for current and future economic development.
It also allows Yerington to get a share of property and net proceeds of minerals taxes. At the same time the State of Nevada, the County and other County level tax entities, including the Lyon County School District, South Lyon Hospital District and Mason Valley Fire Protection District will continue to receive a share of those taxes. It will also result in significant sales and use tax revenues for the purchases of equipment, material and supplies during construction and operation of the mine.
These will help all of the local government entities to begin a substantial recovery from almost of more than five (5) years of economic strife created by the recession. Lyon County and Yerington have suffered more and longer from high unemployment, migration of residents out of the County and home foreclosures, from which we have just barely begun to recover.
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