Las Vegas Sun

December 22, 2014

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NLV staves off financial calamity, still faces challenges

CARSON CITY — North Las Vegas has averted financial calamity for the next fiscal year but still faces money troubles in the future, a state oversight committee said.

The city today submitted its tentative budget for the next fiscal year to the state Committee on Local Government Finance.

“You’ve kept the wolves away from the door for another year,” Committee Chairman Marvin Leavitt said. But, he added, the city still has “future financial problems lurking on the horizon.”

At one point there was speculation the state might have to take over operation of the city’s finances.

Darren Adair, the city’s acting finance director, said North Las Vegas will have enough money in the coming fiscal year to pay its debts and honor its contracts.

City staffing will remain stable without any layoffs, but 42 vacant positions will go unfilled, he said.

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