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Tax increase foisted on Nevada.(Insider Report)
On July 21st, the Nevada state legislature approved "a record $836 million tax increase that hits businesses, casinos and others to fund schools and the state's biannual budget" reported the AP. Each house of the state legislature passed the mammoth tax increase by a two-thirds vote, thereby supposedly averting a constitutional crisis.
Earlier in the month, the Nevada state supreme court--ruling on a suit against the legislature brought by Nevada's liberal Republican governor Kenny Guinn--nullified a provision of the state constitution requiring that all tax increases be approved by a two-thirds supermajority in both houses of the legislature. The court's 6-1 ruling held that this provision conflicted with the legislature's constitutional mandate to "provide for a uniform system of common schools...." Republican legislators obtained a temporary restraining order and prepared an appeal to the U.S. Supreme Court. The supermajority provision, insisted the Nevada high court, was merely a "procedural requirement that is general in nature."
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- Magazine article from: The Bond Buyer Goldsmith, Steve May 5, 1998 700+ words
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Source: HighBeam Research, Tax increase foisted on Nevada.(Insider Report)