(Las Vegas, NV) — The ability to generate over $5 billion may be headed to the voters in November.
The Clark County School District is in need of the revenue to help repair hundreds of schools as well as build new ones.
At Wednesday’s Las Vegas City Council meeting, the members voted unanimously to support a ballot proposal which would raise property taxes as high as $74 a year on a $100,000 home.
Bonds are not an option according to Chief Financial Advisor Jeff Weiler. “It is a ‘pay as you go’ system, in other words as the money comes in we spend it.”
If the proposal is rejected by voters, the district may revert to year-round schools. The proposal may generate as much as $669 million dollars.