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Old Yesterday, 08:09 AM
 
Location: Henderson, NV
893 posts, read 588,779 times
Reputation: 2353

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I was curious about all the budget and education strife in CCSD. I found this article as a good basic rundown on where the mj money is going:

https://lasvegassun.com/news/2019/ju...ing-in-nevada/

An interesting excerpt from the article:

"Money in the DSA gets distributed to districts across the state on a per pupil basis, but allocations will change under Nevada’s new education funding formula. The new formula will no longer be “circular,” meaning new money from outside sources added to the DSA – including money from marijuana excise wholesale and retail taxes – is offset by an equivalent reduction in state funds."

Maybe I am misinterpreting the quoted passage, but creating MORE funding for education was the premise of new tax revenue--not an "offset". Pardon my skepticism, nothing as simple as collecting a tax and increasing education funding--gotta git in there and legislate the money through a legal maze so a dollar goes in and a penny comes out. What am I missing?
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Old Yesterday, 08:34 AM
Status: "Put the Wet Stuff on the Red stuff" (set 18 hours ago)
 
Location: USA
1,199 posts, read 392,086 times
Reputation: 994
Government: Its like Lucy pulling the ball away from Charlie Brown
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Old Yesterday, 09:17 AM
 
478 posts, read 542,228 times
Reputation: 412
the formula WAS circular.... going forward... that won't be the case. The formula that was in place (for distribution of money to individual school districts) was from the 1960s.... a revamp of the formula/system was long overdue.

The State imposes a 15% tax on cannabis at the wholesale price and then a 10% excise tax at retail. in 2017, State GOP voted against the 10% tax unless they got approval for private school reimbursement vouchers... that didn't pass, so the 10% tax went to the state's rainy day fund. the state provided the education fund with the equivalent amount of the 10% tax, nonetheless.

The 15% wholesale tax goes to the education fund (minus the administrative cost and a 5M cut to local governments)

At the local government level, they're using the licensing fees , assessments for various programs, including homelessness.

Relying on cannabis as a major funding source for education is risky because excise taxes are not as stable as property and business taxes. If you rely too much on this revenue stream, you will have a deficit when consumer usage goes down.

All in all, Nevada still only spends about $10k per kid , which may not be enough considering how many kids are in bad situations because of issues at home, bad parents, non-native speakers, parents that don't care etc... then you have issues with teacher retention/vacancies which can be costly.
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Old Yesterday, 09:28 AM
 
511 posts, read 130,040 times
Reputation: 232
Let's hire a few hundred Philippinos who can't speak English to teach the kids.
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Old Yesterday, 09:45 AM
 
Location: Henderson, NV, U.S.A.
10,302 posts, read 6,241,642 times
Reputation: 18083
Quote:
Originally Posted by Commander666 View Post
Let's hire a few hundred Philippinos who can't speak English to teach the kids.
oh, you mean Filipinos. Who are from the Filippines lol.
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Old Yesterday, 10:04 AM
 
511 posts, read 130,040 times
Reputation: 232
I guess.
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Old Yesterday, 10:06 AM
 
511 posts, read 130,040 times
Reputation: 232
https://www.ktnv.com/news/57-special...csd-classrooms
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Old Yesterday, 10:09 AM
 
511 posts, read 130,040 times
Reputation: 232
Sure, why not, we have no official language or borders anyway.
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Old Today, 09:30 AM
 
Location: Henderson, NV
893 posts, read 588,779 times
Reputation: 2353
Quote:
Originally Posted by FML157 View Post
Relying on cannabis as a major funding source for education is risky because excise taxes are not as stable as property and business taxes. If you rely too much on this revenue stream, you will have a deficit when consumer usage goes down.
I appreciate your comments. I still believe pulling a programmed state dollar for every weed dollar added is a wash for education. The process does not abandon budgeted amounts or fiscal responsibility, but it is still political smoke and mirrors.

As for the county pledging $$ to homelessness projects out of licensing revenue--it will be interesting to see if anything changes over the next 2-3 years.
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Old Today, 10:42 AM
 
2,250 posts, read 564,764 times
Reputation: 3956
Quote:
Originally Posted by WVREDLEG View Post

As for the county pledging $$ to homelessness projects out of licensing revenue--it will be interesting to see if anything changes over the next 2-3 years.
I expect there will be many consultants hired who in turn will create many PowerPoint slide decks.
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