Democratic leaders announced a plan Tuesday to use so-called excess school bond reserves to construct and repair schools. Assembly Ways and Means Chairman Debbie Smith said the plan would free up $80 million for Washoe County schools. It would not immediately free up any money for school construction in Clark County because of declining property values, she said.
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UNLV President Neal Smatresk told the Faculty Senate on Wednesday he believes the state’s higher education system will have to declare financial exigency, a declaration similar to bankruptcy, to deal with cuts proposed in Gov. Brian Sandoval’s budget.