by Geoff Dornan

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February 16, 2010
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Gibbons calls for special session

Gov. Jim Gibbons issued a proclamation Tuesday officially calling a special session of the Nevada Legislature Feb. 23.

The list of budget cuts included in the proclamation and backup documentation projects $12.4 million in savings and 136 layoffs by shutting down Nevada State Prison in Carson City.

But the list also includes several revenue raising proposals - the largest of which is elimination of numerous exemptions now allowed mining companies as offsets to the Net Proceeds of Minerals Tax. Those changes would generate an estimated $50 million this budget cycle - $25 million a year.

In addition, he called for …

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The Nevada Appeal Updated Feb 16, 2010 07:16PM Published Feb 16, 2010 05:51PM Copyright 2010 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.