Report Shows School Districts Lost Millions Because Corporate Tax Incentives
The Nevada Controller’s office says public schools lost more than $108 million in funding over the past two years as a result of the tax breaks used to attract Tesla, Apple and other corporations to the state.
The Reno Gazette-Journal reviewed state financial documents as far back as July 2016.
The reports reveal losses totaling $69.9 million for the Storey County School District, $16.5 million for Washoe County and $19.1 million for Clark County.
Tesla has pledged education grants to area schools in coming years, but the total anticipated amount of those grants represents just a little over half of Storey County’s two-year losses.
Governor-elect Steve Sisolak ran for office on a platform advocating for smaller class sizes and higher pay for teachers.
A spokesman told the Gazette-Journal Sisolak is "consistent in his commitment to scrutinize any incentive package to ensure that any deal benefits communities and Nevadans alike.”