After several impassioned speeches from the floor, AB5, the film tax credits have failed to garner enough support. The bill is dead, but could come back up for reconsideration. Lawmakers also left the door open to discussing it again in the '27 regular. #nvleg
The film tax credits bill has passed the Assembly floor. This bill is a $1.8 billion handout to out-of-state corporate movie studios. Thank you to the Assemblymembers who voted NO on the #HollywoodHandouts#AB5#NVLeg
“If we pass this bill, we are either going to have to raise taxes or we are going to have to cut services. And I cannot stand and watch our children suffer as we cut our school budget. I cannot watch union members suffer as we cut their jobs, their pay or their benefits.”
“If we pass this bill, we are either going to have to raise taxes or we are going to have to cut services. And I cannot stand and watch our children suffer as we cut our school budget. I cannot watch union members suffer as we cut their jobs, their pay or their benefits.”
…state employees in union jobs will once again bear the brunt of 'reducing expenditures,' as legislative fiscal analysts stated will need to happen in upcoming budgets.
Over the last 25 years, “reducing expenditures” has meant furloughs and wage freezes for state employee and cuts in public services for Nevadans.
Our communities can’t afford more cuts to public services, now or in 2030/2031.
Legislative staff has released its estimates on the impact on state budget balance for FY 2030, 2031.
- In FY2030, the end balance would be ~$102M below target.
In FY2031, the end balance would be ~$351M below target.
Means expenditures would have to be cut by those amounts.