Nevada Priority of Proposed Operations
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How to fill out Priority Of Proposed Operations?
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FAQ
The legislation included a COLA for eligible classified staff of 12% in FY 2024 (which begins July 1) and 4% in FY 2025. For academic and administrative faculty, the measure stipulates that COLA increases are not to exceed 12% in FY 2024 and 4% in FY 2025.
Nevada Constitution, Article IX, Section 2 ? Requires the State of Nevada to have a balanced budget. Revenues must equal Expenditures.
The bill goes beyond Lombardo's proposed 8% raise with another 4% raise next year. Democratic lawmakers built on that plan by increasing it to 12% in the 2023-2024 fiscal year ? a 50% increase over Lombardo's proposal.
The Sales Tax makes up the largest source of revenue in the General Fund and is the largest major fund source, at approximately $2.4 billion over the biennium, for 29 percent of the total. It is followed by the Gaming Percentage Fee Tax (18 percent; approximately $1.5 billion).
