SB 201, which would implement the RTC-5 ballot initiative, passed the Senate today by a vote of 20-1! The only no vote was Senator Barbara Cegavske, who expressed concerns about the lack of a sunset clause and the timing of a tax increase in this economy.
The problem with a sunset is that the revenue received from this bill has to be bonded out over several years. In order to bond those revenues, you have to have a steady revenue stream. There is a mechanism in place to allow the Washoe County Commission to review the increased rates every year.
The bill is supposed to receive a hearing in the Assembly Transportation Committee next week.