Governor Sandoval Discusses Unemployment Insurance Trust Fund, T - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Governor Sandoval Discusses Unemployment Insurance Trust Fund, Tax Rate

Posted: Updated:

Governor Brian Sandoval discussed Nevada’s economy, unemployment insurance trust fund and tax rate in Las Vegas on Tuesday. 

During a press conference at the Las Vegas Metro Chamber of Commerce, he said that unemployment insurance taxes will be reduced for the first time in eight years from 2.58% to 1.95%, adding that the tax cut will provide $180 million in 2018 in economic stimulus. 

Sandoval added that Nevada has more than $1 billion in its unemployment insurance trust fund balance.

Sandoval said that in 2010, Nevada owed the federal government more than $800 million for funds borrowed to pay unemployment insurance benefits. 

Sandoval said that the state was paying 140,000 unemployment insurance claims totaling approximately $45 million per week. As of December 1st, Nevada’s business community has paid down the $800 million debt and restored the health of the trust fund.

(Governor Sandoval’s Office contributed to this report.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Man Arrested after Pointing Gun at Firefighters

    Man Arrested after Pointing Gun at Firefighters

    Saturday, December 16 2017 7:06 PM EST2017-12-17 00:06:34 GMT

    Reno Police have arrested a man for pointing a gun at Reno firefighters early Saturday afternoon. Around 11:45 a.m. Saturday, RPD responded to 6004 Plumas St #G to assist Reno Fire. The Reno Fire Department originally responded on a report of a possible gas leak coming from inside of the apartment. Reno Fire approached the front of the apartment and the single occupant opened door and pointed a gun at two of the firefighters. The occupant immediately closed at the door and the firef...

    More >>

    Reno Police have arrested a man for pointing a gun at Reno firefighters early Saturday afternoon. 

    More >>
  • Power Outage Affects More Than 4,000 in Douglas County

    Power Outage Affects More Than 4,000 in Douglas County

    Sunday, December 17 2017 1:39 AM EST2017-12-17 06:39:57 GMT

    NV Energy says more than 4,300 customers are without power in Douglas County Saturday night. 

    More >>

    NV Energy says more than 4,300 customers are without power in Douglas County Saturday night. 

    More >>
  • Missing Woman Found Safe

    Missing Woman Found Safe

    Saturday, December 16 2017 10:01 PM EST2017-12-17 03:01:34 GMT

    Sparks Police have located a 54-year-old woman reported missing Saturday afternoon.

    More >>

    Sparks Police have located a 54-year-old woman reported missing Saturday afternoon.

    More >>
Powered by Frankly
All content © Copyright 2000 - 2017 Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.