Assembly Taxation Committee Passes WCSD Capital Projects Bill - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Assembly Taxation Committee Passes WCSD Capital Projects Bill

Posted: Updated:

From the Washoe County School District:

The Assembly Taxation Committee today voted to pass Assembly Bill 46, the capital projects funding bill sponsored by the Washoe County School District (WCSD). The committee's action was the first of several required votes to enact the legislation.

The Assembly Taxation Committee voted on AB 46 as it was originally introduced. The proposal asks the legislature to impose a ¼ percent increase in sales tax in Washoe County and a 5-cent increase in property tax in Washoe County. For passage, this proposed legislation requires a two-thirds vote in both the Senate and Assembly as well as the governor's signature.

An amendment that was proposed in February that would have allowed the WCSD Board of Trustees to impose the taxes was not included in the bill passed by the Assembly Taxation Committee today.

"I'd like to thank our state legislators on the Assembly Taxation Committee who today voted to send Assembly Bill 46 to the Assembly floor," said WCSD Superintendent Pedro Martinez. "The committee's decision is an important step forward for this critical piece of legislation—legislation that will help ensure Washoe County's schools and buildings are properly funded and kept in safe, working order."

Sixty percent of WCSD schools are more than 30 years old, and 25 percent of WCSD schools are more than 50 years old. Altogether, the District maintains more than seven million square feet of building space, and officials say a number of roofs, boilers, HVAC systems, electrical and plumbing equipment, flooring, and pavement is in need of maintenance work or replacement.

WCSD's only major source of funding, the 2002 rollover bond, expired in November 2012, leaving the District with no way to generate capital funding to maintain its buildings. Unlike other school districts in Nevada that have access to other funding sources for capital projects, the 2002 rollover bond was WCSD's major source of funding.

AB 46 would provide a sustainable funding source for capital projects and would be used to continue to ensure that school buildings are operational. The funding would be used for projects that would repair and replace failing equipment, such as heating and ventilation systems, plumbing and roofing. This legislation, if passed, would generate approximately $20 million each year for WCSD to continue to maintain its schools and tend to the highest-priority repair projects. The cost for the average family is an estimated $8 per month.

AB 46 now moves on to the Assembly floor for further action.

"I look forward to our bill's continued momentum as it reaches the next steps of the legislative process,"said Martinez. "This is a positive development for our students, our staff, and our community."

More information about capital funding in WCSD and AB 46 is available at

http://washoecountyschools.org/community/legislative-session/capital_funding

From Washoe County School District

 

 

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.