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Board Votes To Keep Nevada Jobless Tax The Same

The state projects jobless benefits will cost $427 million in 2014.

The bond idea was passed by the 2013 Nevada Legislature as a way to wipe out the debt to the federal government that began accruing in 2009 when the state's unemployment trust fund, once considered healthy with $800 million, ran dry, victimized by record joblessness and an economy that imploded.

The state Board of Finance and Legislative Commission each are scheduled to consider the bond proposal Thursday. If authorized, Olson said she would consider the status and direction of the bond market before proceeding with a sale.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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