Bond idea for schools could backfire

Jim Fitzpatrick, Las VegasSaturday, June 4, 2011 | at 2: 03

Two letters to the editor last month proposed Nevada should issue a "Hope Farm" to provide extra money for education.

Although it would provide money for today, the State would have to borrow more in future to pay interest on the bonds that repay the principal of the bonds at maturity. This idea would just put State deeper in debt.

Moreover, what would prevent our politicians to reduce current levels of education expenditure corresponding to the financing from Hope bonds? The answer is nothing. This is exactly what Colorado did in the 1980s with lottery money for training and other specified uses.

If we want to help education, should we give our time and money directly to local schools. We should keep the hands of politicians and bureaucrats as much as possible.

The Senate takes steps to allow the incorporation of Laughlin

By Cy Ryan (contact) Friday June 3, 2011 | 18.00: 52

CARSON CITY — The Senate completed action Friday on a draft law that makes it possible to decide on Laughlin should become a city.

The Senate adopted an amendment of the composition SB 262.

No vote to incorporate, it would not, however, contain Casino corridor in the community about 100 miles south of Las Vegas.

Before any action, will the Committee on local government finance conduct a study to determine whether it is economically feasible to incorporate Laughlin.

It would then be up to the Clark County Commission, or the Legislative Commission to approve a special election for 7 000 to 8 000 inhabitants in the community to vote.

If residents approve incorporation, would a city manager form of Government is created. The city had a mayor and four Council members.