76°F
weather icon Clear

Nye edges towards state financial monitoring

CARSON CITY — A state oversight board Tuesday recommended Nye County be placed under state monitoring because of its struggling financial situation.

The recommendation by the Committee on Local Government Finance to put the county on a “fiscal watch” is a preliminary step that could allow the county to seek technical assistance from the state to try to turn its tide of red ink.

Deonne Contine, director of the state Department of Taxation, will have final say on whether to officially place the county on the watch list.

“They have several problems,” Marvin Leavitt, chairman of the committee, said of Nye County’s finances.

Those problems were outlined in a memo from the state taxation agency, which said the county was in violation of statutes, including overspending from appropriated amounts and inappropriate use of restricted funds.

Nye County, the memo said, has “serious internal control problems.”

A presentation from county officials showed plummeting property tax revenues since the recession are a big factor in the county’s finances.

Assessed valuation has fallen by $588 million since its peak of $1.9 billion in 2010 to the present. Likewise, revenue from property taxes has dropped $4.4 million during that time. At a 3 percent growth rate, officials project the county won’t reach the 2010 property tax revenue level until 2026.

Nye County’s $31.6 million general fund revenue for fiscal year 2015 marked a $3.8 million drop from six years earlier.

Since the recession, the county has eliminated 82 positions, implemented a hiring freeze and stopped other services such as the animal shelter, senior nutrition programs and closing some health clinics for a savings of $2.2 million, the presentation said.

Still, projections suggest the county faces an ending fund operating shortfall of $2.2 million, roughly 7 percent, in 2017.

Contact Sandra Chereb at schereb@reviewjournal.com. Find her on Twitter: @SandraChereb.

 

Don't miss the big stories. Like us on Facebook.
THE LATEST
150 Afghan refugees headed for Nevada

California and Texas will host the most refugees from Afghanistan, as the Biden administration works to settle about 65,000 people from the war-torn country.

 
Mount Charleston Lodge ‘lost’ to early morning fire

The A-frame building that has long been a favored escape from the heat for Las Vegas locals replaced the previous lodge, which was destroyed by fire in 1961.

20th Anniversary of Sept. 11 attacks marked in Pahrump

It was an emotional morning at the First Responders Reflection Area in Pahrump when members of the Rotary Club of the Pahrump Valley and the local community gathered together in remembrance of one of the most tragic moments in American history, the terrorist attacks that had the entire country frozen with horror on Sept. 11, 2001.

Nevada Recovers Listening Tour coming to Pahrump

Early last month, the Nevada governor’s office and Nevada treasurer’s office kicked off the Nevada Recovers Listening Tour, a 75-day calendar of trips to communities all across the Silver State geared toward gathering public input on how the state can best use the billions of dollars that are pouring into its coffers as a result of the passage of the American Rescue Plan Act, better known as the ARPA.

VA encouraging veterans to get an annual flu shot

As the autumn season arrives next week, officials at the VA Southern Nevada Healthcare System are encouraging all veterans to get their vaccination for the influenza virus.

Crash shuts down the main thoroughfare

One person was transported to Desert View Hospital on Tuesday, Sept. 14, following a two-vehicle crash at the intersection of Pahrump Valley Boulevard and Bourbon Street.

AG Ford rejects Texas abortion ban

The state of Nevada has joined more than 20 other states in opposing Texas’ law banning abortions after six weeks.

County opens applications for financial analysts to work on ARPA grants

Last week, the Nye County Commission gave the green light to the Nye County Finance Department to hire two new staff members who will focus on assisting with the administration of the $9 million the county is receiving in American Rescue Plan Act funding and the application process for those hoping to fill one of those positions was officially opened on Friday, Sept. 10.