Flood of rental assistance, eviction bans not enough to resolve some Nevada housing conundrums
Lawmakers approve doubling size of state pension plan’s investment team to two
May 6th, 2021 - 9:30am
Members of a joint budget committee on Monday approved closing the state employee pension system’s budget with the addition of a new investment officer alongside Edmundson to help manage PERS’s $54 billion in assets. The new position comes with a base annual salary of $189,222 along with benefits, paid for by PERS administration fees.
Check out our comprehensive, wall-to-wall coverage of the 2021 Legislature
As Las Vegas' rebound picks up steam, hospitality workers still waiting for callbacks push for "Right to Return" bill
May 5th, 2021 - 2:00am
Mario Sandoval was a waiter at Binion's Gambling Hall and Hotel’s steakhouse in downtown Las Vegas for 36 years but has not worked since mid-March of 2020 — when casinos were closed because of the pandemic — along with thousands of Nevadans in the tourism and hotel industry.
Nevada Recovery Dashboard
As the state’s economy continues its recovery, The Nevada Independent will track the most important economic indicators across the state on this page, including unemployment numbers, gaming revenue and housing prices.
With faster-than-expected recovery, Nevada projected to have $586 million more to spend in next two years
May 4th, 2021 - 4:29pm
The revised forecast is a marked improvement from the Economic Forum’s last revenue forecast from December, when the five-member panel of appointed economists and analysts projected general fund revenues of $8.5 billion over the next two years — down about half a billion dollars from the prior budget cycle. This time, the Forum projected $4.4 billion in the fiscal year that starts in July, and $4.7 billion for the following fiscal year, for a total of $9.1 billion in the next biennium — a $586 million upward revision.
As customer demand increases, businesses struggle to find enough workers
May 4th, 2021 - 2:00am
It’s another bump along the way for businesses during the pandemic, which brought layoffs, closures, capacity-restricted reopenings, reimagined operating models and, lately, pent-up customer demand as COVID-19 vaccines multiply and people clamor for a return to some semblance of normal.
After arguments, decision likely coming soon on long-simmering payroll tax, DMV fee lawsuit filed by GOP senators
May 3rd, 2021 - 4:27pm
Justices made no ruling on Monday, but beyond the constitutional questions, a decision to uphold the district court’s ruling last September in favor of Senate Republicans could have major implications for lawmakers crafting the state budget this session. The extended payroll tax rate being challenged in the lawsuit brings in tens of millions of dollars in state tax revenue — meaning legislators could soon be facing a large budget hole with just weeks left in the session.
Additional cuts coming to taxicab authority, amid ride decline blamed on pandemic, ride-sharing apps
May 3rd, 2021 - 10:00am
Steep declines in taxicab rides — annual double digit decreases over the last six years, culminating with a 62 percent revenue drop in the 2021 fiscal year — spells bad news for the state’s largely fee-funded Taxicab Authority, which oversees and regulates the industry in Clark County (taxi operations in other counties are overseen by the Nevada Transportation Authority).
Democrats rejecting GOP bill to modernize unemployment system, say project should wait for federal funds
Nevada brothels reopen after long hiatus, sex workers look forward to return to work
April 30th, 2021 - 3:00am
Clients will once again be able to solicit the company of legal sex workers at Nevada’s brothels as owners open the doors to their establishments this weekend after being shuttered for more than a year — longer than virtually all other businesses — because of the pandemic.
Indy Q&A: What does DETR’s reinstated work search requirement mean for Nevada unemployment claimants?
To diversify Nevada’s economy, lawmakers push for study on developing hemp industry
April 26th, 2021 - 9:30am
The study proposes examining the available funding sources for research on the plant and reviewing current trends in the hemp industry along with researching innovative methods and legislation to spur industry growth. It would also focus on programs designed to promote economic development in coordination with hemp cultivation businesses and the production and sale of hemp products.
Governor stepping away from plan for autonomous ‘Innovation Zones,’ a concept backed by Blockchains
Demolition of 70-year-old church adds to a history of vacant lots in the Historic Westside
April 25th, 2021 - 2:00am
From the infamous waves of demolitions of the Moulin Rouge Hotel and Casino, the first racially integrated casino in Las Vegas, to the quiet removal of less flashy community landmarks, seeing buildings that hold historic and emotional value to residents get reduced to dust have left many with feelings of resentment and skepticism toward the city.
Casinos, other gaming establishments to follow new county rules on occupancy, social distancing on May 1
April 23rd, 2021 - 6:00pm
The Nevada Gaming Control Board announced on Friday that it will allow gaming establishments to follow capacity limits and social distancing requirements set by their counties when the state turns pandemic health and safety decision-making over to local governments on May 1.
DETR: Legal challenges over denied unemployment claims could last years; COVID relief bills almost fully implemented
April 23rd, 2021 - 4:16pm
The agency, which has never had more than 300 cases in a year, expects it might have 10,000 such petitions stemming from denied Pandemic Unemployment Assistance (PUA) claimants alone. Right now, the agency has one senior attorney and two contracted attorneys working on the petitions.
As state retools its pandemic-battered workforce, governor proposes relocating workforce agency
April 22nd, 2021 - 9:00am
As Nevada struggles to shake the economic side effects of being overly dependent on tourism and hospitality, there’s an increasing focus on how to help the more than 1 in 5 Nevada workers who are still claiming unemployment benefits each week transition back into the workforce before many of the programs supporting them are expected to go away in September.
The Callback: Musicians and festivals find ways back to the stage after months of no live performances
April 20th, 2021 - 2:00am
While the arts industry has collectively faced financial devastation over the course of the pandemic and the state’s most prominent performing arts centers have been plagued with uncertainty about their future, Nevada’s artists have been at the center of all the changes, constantly searching for new ways to adapt.
Blame for death of affordable housing bills falls on special interest groups, lack of legislative prioritization
April 20th, 2021 - 2:00am
Though a majority of the bills surrounding tenants’ rights and evictions survived the first legislative deadline in early April, a cluster of affordable housing measures that supporters emphasized would give local governments more tools to address the housing crisis ended up on the cutting room floor.
The Callback: Closed venues face long road to recovery
April 19th, 2021 - 2:00am
The months-long shutdown severely hampered the state’s hospitality and entertainment industries, as closed venues were unable to attract travelers, resulting in tens of millions fewer visitors to Las Vegas in 2020 than the year before. The loss of tourism, as well as local crowds spending on entertainment, led to thousands of lost jobs and millions in lost revenue.