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.
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.