Teachers In Nevada Want More Taxes On Casinos For Education

The education system in Nevada is largely reliant on the action of gamblers as they receive millions and millions of dollars from casinos in the state.

Now a group of teachers are preparing to ask the state to impose higher taxes for casinos in the state.

The Nevada State Education Association initiative is being pushed by teachers to get it on the ballot for a vote. the concept of the initiative is that a 3% tax would be added on gambling revenues from the states biggest casinos.

By big casinos, they are speaking of those casinos that gross more than $1 million a month. the current rate of tax is 6.75, which would mean the tax would rise for these select casinos to 9.75, and would create over $200 million a year for education.

The casino industry takes care of one third of the total cost of public education in the state, which means that an increase would further advance their contribution to the education cause.

The initiative would have to pass both the 2008 and 2010 election before going into place.

October 9, 2007
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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