Cash Committees overview mining tax invoice that can pump $300-plus million into Ok-12 training over subsequent two years

Assembly members during the within-legislature session on Tuesday, March 9, 2021 in Carson City. Photo: David Calvert / The Nevada Independent

Monday, May 31, 2021

The Legislative Money Committees on Sunday examined a bill that will pump more than $ 300 million into K-12 formation over the coming biennium.

Bill 495 is a consensus bill that has been approved not only by lawmakers and the governor, but also by mining and education stakeholders.

It does this by diverting the expected $ 140 million from the existing net proceeds from the mines’ tax revenues into the K-12 budget.

Additionally, the bill includes an excise tax on gross proceeds from gold and silver mines in Nevada. This tax would hit mines with gross revenues of $ 20 million to $ 150 million per year and a levy of 0.75 percent. It would hit mining operations that generate more than $ 150 million a year with a 1.1 percent levy on gross and generate up to $ 170 million more for the biennium, increasing the overall infusion into the K- 12 education amounts to more than $ 300 million.

The hearing of the bill by Assembly Speaker Jason Frierson, D-Las Vegas, was held jointly between the Senate Finance and Assembly Routes committees to expedite processing as Monday is the last day of the 120-day 2021 legislature .

Additionally, the bill would redirect approximately $ 200 million in American Rescue Plan Act funds to K-12 education.

Frierson said the bill was the culmination of months of work between all parties to reach an agreement on a plan that will get the miners to pay more and use the money to educate students in Nevada.

The two committees took no action against AB495 on Sunday evening.

Inventory picks to climate excessive gasoline pump costs

Gas prices rose over $ 3 per gallonThis was the highest level since the end of 2014, when the shutdown of the Colonial Pipeline depressed supplies.

The price hike precedes what is expected to be a busy summer cruising season, with reopenings and pent-up demand fueling consumer travel.

However, Mark Tepper, president of Strategic Wealth Partners, doesn’t expect this to fail summer road trips.

“If you think about it, a family of four has received over $ 10,000 from the government over the past year. On July 1, they are paid $ 300 per month per child, so you know an additional $ 100 per child for a month or so that they pay at the pump is really nothing in the grand scheme of things, considering what’s going on right now, “Tepper told CNBC.”Trading nation” On Wednesday.

Tepper added that rising airline prices could also force consumers to take road trips via flying to vacation destinations.

“The company I like here is Six flags. I like it when the regional amusement park plays over the target parks Disney and Water world. I think they’re easier to get to, you can go there, you can go on a day trip, you can go for a weekend, “said Tepper.

Shares in Six Flags, a park operator valued at $ 3.5 billion, are up 21% in 2021, more than double the earnings for the broader market. Tepper said the stock has room to grow.

“Six Flags is trading at a discount, and I really think expectations and earnings revisions for these people will keep rising over the next few quarters, so I think it’s a buy here,” he said.

According to FactSet, the company is projected to post a loss of 82 cents per share in fiscal 2021, which is less than the pandemic loss of nearly $ 5 per share in 2020. In 2022, earnings are projected to be $ 1.92 per share.

Gina Sanchez, CEO of Chantico Global and chief market strategist at Lido Advisors, likes Six Flags in the short term but says that another game at the amusement park is a better choice in the long term.

“Disney has a few other legs to offer besides the park game as they also have Disney Plus and many other elements in their business,” Sanchez said in the same interview. “We think it’s still attractive because the prospects for these destination parks are still pretty bleak. … Disney was the hottest park in the world before Covid. I think it will still be the hottest park after Covid.”

Disney will report the win after the bell on Thursday. Analysts expect a profit of 26 cents per share compared to 60 cents per share in the previous year. The parks and experiences segment accounts for 23% of total sales.

Disclosure: Lido holds Disney.

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How to save cash on the pump

NORTH PLATTE, Neb. (KNOP) – On Friday, drivers had the option of paying less at the pump. May is renewable fuel month, and the Nebraska Corn Board has taught drivers their car’s ethanol capabilities.

A local Kwik Stop hosted an event in honor of Renewable Fuels Month. The event allowed drivers to fill their cars with ethanol-based products at a very affordable cost.

Ethanol experts have taught drivers which ethanol is best for them. Curtis Harms, director of communications for the Nebraska Corn Board, stated that ethanol products aren’t just for flex-fuel vehicles.

Types of ethanol on the pump:

  1. E-10 and E-15: These can be used in any car that is 2001 or newer
  2. E-30 and E-85: These can ONLY be used in flex-fuel vehicles

Most people right now are probably using an E-10, which is a 10% ethanol blend, and they don’t even know it. E-10 is blended with over 95% fuel in the US.

Harms stated that by using ethanol-based fuels, drivers cut greenhouse gases by 43%. The next time you’re at the pump, try using an ethanol-based fuel to save money and help the environment.

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