Investments

Good news for Carson City NV Energy customers. The Public Utilities Commission of Nevada has approved an overall decrease in electric rates for NV Energy’s Northern Nevada electric customers effective Saturday, Jan. 1.

For the typical residential customer using 745 kilowatt hours of electricity per month, it means a decrease of approximately 1.8 percent or $1.57 per month from $87.97 to $86.40.

By Sean Whaley / Nevada News Bureau
CARSON CITY – The chairman of a panel created by the Legislature to assess Nevada’s long-term future had some bleak words today for lawmakers unless action is taken to develop a skilled workforce and improve public education.

By Sean Whaley / Nevada News Bureau
CARSON CITY – The panel that oversees Nevada’s public employee retirement system was told today it would cost about $1.2 billion over the next two years to change from the current defined benefit plan to a defined contribution plan for new state and local government workers.

By Nevada News Bureau staff
CARSON CITY – Nevada Republican Gov.-elect Brian Sandoval announced today his selection of 29 Nevadans to serve on his transition advisory team, including Bill Bible, former president of the Nevada Resort Association, and state Sen. Dean Rhoads, who backed Sen. Harry Reid’s re-election bid.
The diverse group of community leaders from across Nevada will provide input and feedback to Sandoval on a wide range of issues.

Squaw Valley USA will have a new owner after a Denver-based equity firm bought virtually all of its shares.

KSL Capital Partners LLC of Denver, which owns stakes in resort-related businesses, announced Tuesday that it hopes to complete the sale by the end of the year and that it will put $50 million into the exclusive Lake Tahoe area resort, home of the 1960 Olympic Winter Games.

Squaw was opened in 1949 by the late Alexander Cushing. It has about 4,000 acres and 2,850 vertical feet that spans over six peaks.

Nineteen South Lake Tahoe area non-profit organizations got an early holiday surprise Thursday when more than $100,000 was delivered by LIVESTRONG and the American Century Championship.

The Lake Tahoe Visitors Authority board of directors announced the distribution of $102,377 in contributions on Thursday, Nov. 11.

By Sean Whaley / Nevada News Bureau
CARSON CITY – Nevada’s public employee retirement system will require increased contributions from the state and local governments next year to maintain the long-term financial health of the defined benefit plan, the board overseeing the program was told today.

Republican Steve Martin, whose neck-and-neck race with incumbent state Treasurer Kate Marshall will be decided Tuesday, recently answered some questions about his candidacy in an e-interview with the Nevada News Bureau.

By Sean Whaley / Nevada News Bureau
A much-anticipated face-to-face debate between U.S. Sen. Harry Reid and his GOP opponent Sharron Angle on Thursday displayed stark contrasts between the two candidates but provoked little in the way of controversy.

Nevada News Bureau staff
CARSON CITY – Nevada parents along with their counterparts across the country will soon have a new option to save for their children’s college education.

By Sean Whaley / Nevada News Bureau
CARSON CITY – Nevada’s public employee pension system earned a rate of return above its 8 percent target last fiscal year, but the long-term unfunded liability is still expected to see an increase when an analysis is presented this fall.

By Sean Whaley / Nevada News Bureau
CARSON CITY – State governments across the country are facing budget deficits and a tough economy right now, but failure to get a handle on long-term liabilities, from unfunded pensions to subsidized health care for retired workers, could jeopardize any recovery, a fiscal expert said today.

CARSON CITY – A firm hired by the Nevada Legislature to produce a report on the state’s revenue structure has been sent a notice of default for failing to turn in the document by a July 1 deadline.
Lorne Malkiewich, director of the Legislative Counsel Bureau, said the notice was sent Wednesday to Moody’s Analytics, the contractor hired to perform the study. The company has 10 days to respond by producing the final report or the contract will be terminated, he said.

LAKE TAHOE — The American Century Championship, the celebrity golf tournament at Lake Tahoe celebrates its 21 birthday, July 13-18. Michael Jordan, Charles Barkley, Tony Romo, Bode Miller, Troy Aikman, Jerry Rice, Don Cheadle, Mario Lemieux, Taylor Hicks are among the 80 sports and entertainment stars and Hall of Famers competing in the 54-hole, $600,000 tournament on NBC Sports.
 

CARSON CITY – Both Democrat and Republican lawmakers agree the 2011 legislative session will likely see a debate about the future of Nevada’s public employee pension program, but differences remain over whether radical change is needed to protect the state from a multi-billion long-term unfunded liability.

CARSON CITY – A member of the citizen’s panel appointed by lawmakers to chart Nevada’s future for the next 20 years expressed concern today about whether the process to be followed to complete the effort conforms to meet the requirements of the state Open Meeting Law.

The former Silver Dollar Club, now Jackpot Crossing, is open on Fairview, one block south of Highway 50 East.

The casino was purchased by Northern Nevada Comstock Investments last year, who shut the business down in August for a complete remodel. The company also owns Cactus Jack's, The Senator Club and the Comstock Casino in Carson City, as well as casinos in Fernley and Fallon.

We will have more details tomorrow.

CARSON CITY – If the idea that a $9.1 billion long-term unfunded liability in Nevada’s public employee pension plan is cause for concern, then a recent analysis by the American Enterprise Institute for Public Policy Research should really get the attention of state policy makers.

Nevada State Treasurer Kate Marshall and the Upromise College Fund 529 Plan’s Program Manager, Upromise Investments, announced Tuesday the launch of the Silver State Matching Grant Program.

Carson River Community Bank, located on Highway 395 next to Home Depot and Target, was declared a failed institution Friday by Nevada state banking regulators and the Federal Depositors Insurance C

A successful public information campaign to spread the word about Carson's City's historic Virginia and Truckee Railroad grand opening were recognized and honored recently.

By Sean Whaley | 3:38 pm February 19th, 2010

CARSON CITY – Gov.

As a long time observer of Home Companion services I absolutely assure you that $7,500 won’t go very far. Insurance, transportation, incidental expenses.

http://www.youtube.com/watch?v=CJFB8Cg45tU

Clearly stated.

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