Date Set For Casinos Challenge Against Teacher Union in Nevada

Nevada casinos raise millions and millions of dollars for various causes in the state. Revenue money that is generated is spread out among different organizations. several of those organizations are calling for more money.

The Nevada State Education Association is backing an initiative to raise taxes for state casinos. The high end casinos are the ones the union is targeting.

Currently, casinos that are making more than $1 million a month are paying a 6.75 percent tax rate. The initiative is calling for that number to be raised by three percent, to 9.75.

Former Nevada Supreme Court Justice Miriam Shearing has set a date and will hear the Nevada casinos challenge to the initiative. The initiative would raise $250 million a year for public schools.

Another group besides the teachers union is also seeking an initiative to raise taxes on casinos. Kermitt Waters, a Las Vegas lawyer is leading the charge on two initiatives. His goal is to raise casino taxes to twenty percent.

58,628 signatures are required by May 20th to get on the ballot. Then, they would have to be approved in the 2008 and 2010 elections.

January 2, 2008
Posted By Larry Rutherford
Staff Editor, CasinoGamblingWeb.com
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