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Nevada lawmakers voted early Monday to approve a bill they say could create thousands of jobs directly and indirectly through road construction.
Because of declining tax revenue caused by the deepening recession, Nevada’s government faced an $887 million budget shortfall, requiring a 20 percent overall cut in spending over the next 16 months.
Lawmakers overwhelmingly approved a balanced budget deal with Gov. Jim Gibbons early Monday by imposing a range of fees on industries such as mining and banking and by striking a compromise in which all sides gave up something.
Gov. Jim Gibbons said Saturday that he and lawmakers were nearing a deal and were only $10 million to $30 million apart on how to raise enough revenue to close a $887 million budget gap.
School board members say the Clark County School District will suffer if legislators take away funds used to make small capital improvements throughout the district.