53°F
weather icon Partly Cloudy

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
A heartwarming Winter Bed Build

The Nye County Chapter of Sleep in Heavenly Peace hosted its very first Winter Community Bed Build last month and group members were not disappointed by the results.

GridLiance proposes transmission line upgrades

GridLiance is planning some major upgrades for its local transmission system and while these could certainly help support solar expansion, company officials stressed that the two proposed projects are in no way dependent upon such development.

NCSO: Two-vehicle collision claims life of Pahrump child

A Pahrump family is mourning the death of a child killed in a two-vehicle collision early Friday evening, Feb. 23. The crash occurred at the intersection of Highway 160 and Homestead Road just after 8 p.m.

Valley aquifer could reach “critical management” levels by 2055

After many months of painstaking research and calculations, a date has been placed on when the Pahrump Valley’s sole-source aquifer could reach critical management, with officials pegging the timeline at somewhere between the year 2055 and 2060. However, it was emphasized that this is an estimation and with so many variables at play, there is a possibility it could change.

How an injured and abandoned dog in Pahrump overcame the odds

A stray dog that was homeless, hospitalized and facing euthanasia earlier this month is now on the mend thanks to several in the community who helped raise thousands for its life-saving care.

Kellogg Park set for $70k expansion — here are the plans

The town of Pahrump is poised to purchase a parcel adjoining the lands dedicated to Kellogg Park, with a $70,000 offer for the 4.39 acre lot at 3781 E. Santovito St.

Guns, drugs, cash recovered in search could be part of crime ring, sheriff says

Officials from the U.S. Homeland Security Investigations Unit are assisting the Nye County Sheriff’s Office in the arrest and investigation of a man allegedly found possessing a hoard of guns, drugs and cash, according to Sheriff Joe McGill.

No same-day registration for Nye’s next live tax sale

Nye County is coming up on its next delinquent property tax sale and there is going to be a big change to the process — for the first time, there will be no same-day registration available.