Gibbons: State Should Get Bigger Tax Share

Gov. Jim Gibbons says some taxpayer dollars that go to local governments could be used better by the state, and he hopes the 2009 Legislature will examine the issue.

Gibbons said he has been talking to state Senate Majority Leader Bill Raggio about tinkering with the formulas that make property taxes the primary base for local government, while the state relies more on sales taxes.

Gibbons returned several times to the idea during an interview with the Las Vegas Review-Journal's editorial board, saying that giving the state control of a bigger share of tax revenues could mitigate seemingly constant shortfalls.

Since Gibbons presented a budget to the 2007 Legislature, revenue projections have gone down by more than half a billion dollars because of lagging sales tax receipts and other collections.

(Copyright 2008 by The Associated Press. All Rights Reserved.)