AB 508
Revises various provisions relating to state financial administration. (BDR 31-930)
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Bill overview
This bill revises how Nevada’s state finances are managed, primarily focusing on funding for public education. It requires the Economic Forum to project revenue for both general state uses and deposits to the State Education Fund. The bill also adjusts how the Governor allocates money from the State General Fund to the State Education Fund, considering projected revenue increases and decreases, and simplifies the calculation for base per-pupil funding. Finally, it modifies the payment schedule for gifted pupils’ apportionment and adjusts the use of cannabis excise tax revenue.
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Primary sponsor
Assembly Committee on Ways and Means
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