Monday, Dec. 8, 2008 | 12:31 p.m.
The Las Vegas Sun has obtained a copy of the plan to cut $341.75 million from the budget.
It cobbles together cuts and financial gimmicks, including a $160 million loan and - perhaps surprisingly - a few million in "revenue enhancements."
Are those tax increases?
Now, legislators have to pass them.
The solutions include taking $76.7 million from non-general fund accounts to put toward the general fund.
Of that money:
- $14 million to general fund that currently goes to highway projects.
- $1 million of unused pollution control funds.
- $2.5 million reduce higher education maintenance projects.
- $25 million from account used to reimburse hospitals for coverage of
- $12 million would take mining tax money that would otherwise go to rural
$160 million loan from local government account.
Budget reductions of $72.8 million including:
- $1 million from Economic Development and Diversification.
- $1.3 million from Commission on Economic Development.
- $2.83 million from Tourism Commission.
- $4 million from Higher Education fund.
- $851,000 Tobacco Fund
- $6.8 million Medicaid
- $1.5 million revert Medicaid drug payments from state to counties.
- $2.2 million cuts to personal care attendants.
- $900,000 from a senior prescription plan.
- $3.95 million contingency funds from Temporary Assistance to Needy
- $11.4 million from reduced medication costs for the adult mentally ill.
- $30 million from Highway Projects, and allow the fund to bond the same amount.
And then there are $32.2 million in "revenue enhancements." Are those tax or fee increases? We'll see.
Those increases include:
- Reducing amount business are allowed to keep for administering the sales, liquor, and cigarette accounts from 0.5 percent to 0.25 percent from now to June 30. That would raise $2.5 million.
- $1.8 million from taking 1 percent of the rental car tax that currently goes to car rental companies.
- $28 million. Advance payment of next year's net proceeds of minerals tax.