The Nevada System of Higher Education Board of Regents voted Tuesday to pay the 3 percent raises even though it will cause a $6.4 million budget shortfall.
Education
The Nevada System of Higher Education says it won’t be able to fully fund a 3 percent cost of living adjustment for its workers after an error left its budget $6.4 million short.
The first major overhaul of Nevada’s education funding formula in more than five decades is itself getting a re-write in the Assembly Ways & Means Committee on the session’s final day.
After Nevada lawmakers used marijuana excise tax money to boost per-pupil funding in schools, they were at pains to find money to fund school safety and the popular Millennium Scholarship.
Gov. Steve Sisolak and legislative Democrats are advancing a two-pronged plan to add money to schools: First, use a 10 percent excise tax on recreational marijuana sales, and second, authorize county governments to raise the local sales tax.
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