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This story from RGJ.com discusses how the City of Reno is having problems paying off bonds for their railroad trench, due to a decline in sales taxes. Something to think about when considering financing projects based on volatile income streams like sales taxes.

By Andrew Doughman / Nevada News Bureau
CARSON CITY – Gov. Brian Sandoval’s staff today clarified that the proposed five percent salary reductions announced yesterday includes teachers and higher-education employees.

CARSON CITY – Nevada’s Colorado River Commission is one of the state agencies cited in a recent legislative audit as paying some of the highest salaries to former state employees working as contractors, the Nevada News Bureau has learned.
Information obtained as a result of a public records request shows two former state employees, James Davenport and Sara Price, both attorneys, have collectively earned over half a million dollars in salaries as contractors for the agency over the past three and a half years.

Here is another example of why paying companies to do business in your city is problematic. Now that Carson City handed out more generous incentives to retailers in Southgate Center than it had to others in the past, it's now faced with other businesses who want their incentives, too.

CARSON CITY – Senate Majority Leader Steven Horsford has sent an email to supporters and constituents suggesting the next two-year state budget is facing an attack from “extreme right-wing” interests who will use the current economic crisis to “dismantle our state.”

Plans to phase out the use of sales tax reimbursement incentive agreements in Carson City will go before the Redevelopment Authority Citizens Committee on Monday.

The meeting begins at 5:30 p.m. in the Sierra Room of the Carson City Community Center, 851 East William Street.

The Redevelopment Authority is considering phasing out the sales tax incentive program and wants the input of the citizens committee.

By Sean Whaley / Nevada News Bureau
CARSON CITY – There will be no fee increases of any kind in Gov.-elect Brian Sandoval’s budget when it is presented to lawmakers next year, Chief of Staff Heidi Gansert has confirmed.

Geothermal Development Associates of Reno received the U.S. Department of Commerce’s Export Achievement Certificate today.

The award recognizes businesses that have achieved significant success in the global marketplace and have also benefited from the programs and assistance of the International Trade Administration’s U.S. Commercial Service. Chuck Alvey, president/CEO for the Economic Development Authority of Western Nevada made the presentation.

By Nevada News Bureau
CARSON CITY – State Treasurer Kate Marshall announced today that despite the current volatile treasury market, her office has successfully completed the sale of five series of general obligation bonds totaling $161.3 million at an average interest cost of 3.6 percent, one of the lowest interest rates the state has ever received.

By Jim Shirk

Some civic leaders tend to invest our city funds into one business proposal in the community then move to another and then another. This tax will become the next great example of that strategy.

By Nevada News Bureau staff
CARSON CITY – Nevada State Treasurer Kate Marshall announced today that the state has maintained its high credit rating after discussions last month with each of the three major rating agencies.

By Sean Whaley / Nevada News Bureau
CARSON CITY – A panel of private sector fiscal experts today projected the Nevada state general fund will have about $5.3 billion in tax revenues to spend on government services for the next two years.
The Nevada Economic Forum spent the day making projections for gaming, sales, business and other major tax revenues for use by Gov.-elect Brian Sandoval and the Legislature in crafting a balanced budget for the two years beginning July 1, 2011.

A leading financial analysis firm told the Nevada Economic Forum that Nevada will have job growth in five major categories in 2011. Click here to read the Reno Gazette-Journal story. Click here for additional updates, including sales tax revenue projections.

Be a part of it this year at the Carson City Library Foundation’s New Year’s Eve party, December 31 from 6 to 9 p.m. at the Nevada State Library and Archives in Carson City. Tickets are $50 each, or a table of eight for $350, and include dinner buffet, entertainment, champagne toast, silent auction, and a ball drop at midnight, East Coast time.

Be a part of it this year at the Carson City Library Foundation’s New Year’s Eve party, December 31 from 6 to 9 p.m. at the Nevada State Library and Archives in Carson City. Tickets are $50 each, or a table of eight for $350, and include dinner buffet, entertainment, champagne toast, silent auction, and a ball drop at midnight, East Coast time.

When I was at the Nugget Advisory Committee meeting last week, a PR person working for P3 Development and the Carson Nugget handed me a list of Frequently Asked Questions about the project.

One thing a complex project like this could really use is an FAQ list. Of course, this list came from those developing the project, so a little spin was to be expected. But I was surprised at how much spin there was.

The Carson Nugget Development Advisory Committee voted Monday night to forward the still-changing plans for the Carson City Center/Nugget Project to the Board of Supervisors.

The committee heard a presentation from P3 Development about the feasibility plan they said showed that the project was viable.

Celtic Lawn and Landscape recently showed its holiday goodwill by giving back to the town of Dayton, Nev. When the owner and employees of Celtic heard that the Dayton Toy Drive had already received 60 applications from families in need of gifts for their children, they came up with a creative way to help.

One man has been arrested and around two pounds of methamphetamine was seized on Thursday in Stateline on the south shore of Lake Tahoe, Douglas County Sheriff's Office officials report.

A multi-agency drug trafficking investigation culminated in the arrest of 45-year old Francisco Sandoval-Estrada, after a drug sting operation.

Investigators from the Douglas County Sheriff’s Office Street Enforcement Team (DCSET), Western El Dorado Narcotic Enforcement Team (WENET) and the All Threats/All Crimes Unit (ATAC) from Reno conducted the investigation.

One point I think you could get all sides of the debate over the Carson City Center/Nugget Project to agree on is that it's a very complicated deal.

But after spending a good deal of time looking at the newly released feasibility study for this project, it struck me that it's really not that complicated. If you strip away all the extraneous issues about the land leases and who is paying who, it comes down to a simple trade.

It boils down to this: the Carson Nugget is giving the city a piece of land to build a new library and public plaza. In return, the city is building the Nugget a new parking garage for its casino and future hotel/conference center.

I have been been going over the Nugget Project feasibility report this morning, tying to digest the details.

Overall, it really isn't much different than what was presented to the citizens committee back in September. The one exception is that P3 Development seems to think that building a hotel is more feasible now, following another study showing that it is.

By Nevada News Bureau staff
CARSON CIY — Average wait times at the Department of Motor Vehicles’ busiest offices have dropped to under 60 minutes due to upgrades to the agency’s computer system using federal grant money.

Christmas tree cutting permits in select areas of Northern Nevada public lands will be available beginning Monday, Nov. 8, the Bureau of Land Management Carson City District Office announced Thursday.

The agency allows Christmas tree sales to thin small trees in overstocked areas. Organizations and individuals are permitted to harvest trees for resale.

The Dayton Food Pantry is truly a community-owned project. So many Dayton area individuals and groups from every part of the town contribute to keep the Dayton Food Pantry going. Among those pitching in to help is the local theatre group, The Misfits.

Misfits Theatre Performance Raises Over $800 for Pantry

Read the full story at aroundcarson.com.

By Guy W. Farmer

After Carson Nugget President Steve Neighbors accused me of basing my opposition to the Nugget Bailout Project (aka the City Center Project) on “conjecture and false innuendo” in last Tuesday’s Appeal, I asked former mayors Ray Masayko and Marv Teixeira for their opinions on this dubious project. Both Masayko and Teixeira, who were political rivals in recent years, raised serious questions about the $80 million project, which would put nearly $40 million tax dollars at risk during an economic recession and
impose an additional one-eighth-cent sales tax.

Super-cold temperatures have allowed Heavenly Mountain Resort to begin making snow at nights this week.

Signaling that the Lake Tahoe snowsports season is just days away if temperatures continue to cooperate, the West Coast’s largest snowmaking system gives Heavenly’s guests confidence that they will be skiing and snowboarding on Heavenly’s opening day, scheduled for Friday, Nov. 19, weather and conditions permitting.

Northstar-at-Tahoe can now be added to the Vail Resorts ownership roster.

Company officials announced today that a $63 million deal was struck between the Colorado-based ski giant Vail Resorts and Booth Creek Resorts, owners of Northstar-at-Tahoe.

At the Carson City Board of Supervisor meeting going on right now, Office of Business Development Director Joe McCarthy announced that a new Olive Garden restaurant will be going into the Southgate Center on South Carson Street.

Olive Garden has agreed to a land lease, conditioned upon the developer of the shopping center filling the other empty stores. On that point, the new Big Lots store will open next month, and Big 5 Sports will be moving into the other space from their current, smaller location on North Carson Street.