Nevada

A Nevada panel recommended raising Nevada's unemployment tax rate to help repay money the state borrowed from the federal government to pay benefits.

Moody's Investors Service lowered Washoe County School District, Nev.'s outlook to negative, but affirmed the Aa2 rating.

The Internal Revenue Service has closed an audit without changing the tax-exempt status of $65 million of general obligation limited tax water and sewer bonds that were issued by Washoe County, Nev. in December 2005.

The Nevada Public Works Board recommended a $100 million capital construction plan Tuesday to Gov. Brian Sandoval.

A property tax settlement between Reno, Washoe County and Washoe County School District means the Reno RDA can make bond payments through 2018.

Clark County School District, Nev., received a one-notch downgrade on $3.8 billion in debt from Fitch Ratings on Tuesday.

Reno, Nev. redevelopment officials are trying to come to a compromise with Washoe County over tax revenue in order to make debt service requirements.

Moody's Investors Service downgraded North Las Vegas, Nev. to Baa2 from A3 due to the city's ongoing financial problems.

Clark County, Nev.'s McCarran International Airport on Wednesday night received a downgrade from Moody’s Investors Service to A1 from Aa3 on about $3 billion of its $4.5 billion of debt just as it prepares to market $365 million in three series on May 30.

Clark County, Nev., on Monday received an Aa1 rating affirmation and a stable outlook from Moody’s Investors Service as it plans to refund $75.9 million of general obligation limited-tax bonds on May 30.

In a letter to a small Colorado daily newspaper, the developer of a Sparks, Nev., shopping center in technical default on its bonds tried to explain financial issues surrounding the Nevada project while pitching Eagle, Colo., residents on a retail project he is planning there.

The Nevada Treasurer’s Office completed a $70 million highway revenue refunding bond sale that will result in savings of about $6 million in its existing debt service payments, deputy chief debt manager Lori Chatwood said in a news release.

North Las Vegas city manager Timothy Hacker warned Monday of massive layoffs after the city’s public safety employee unions walked away from negotiations, according to the Las Vegas Review-Journal.

LOS ANGELES — A bankruptcy judge has approved the Las Vegas Monorail Co.'s reorganization plan, allowing it to exit Chapter 11 bankruptcy while nearly wiping out the investment made by bondholders.

If a judge approves a fifth amended reorganization plan, the Las Vegas Monorail Co. could exit bankruptcy soon.

Fitch Ratings revised its outlook for Las Vegas to negative on Monday, affecting $500 million of outstanding bonds and a $19.9 million limited-tax general obligation sale planned for April 20.

Moody’s Investors Service Wednesday revised the outlook on Renown Health to stable from negative, and affirmed its A3 revenue bond rating on $556 million of debt.

The Las Vegas Convention and Visitors Authority board on Tuesday approved the agency’s request for up to $25 million of Clark County bonds for land purchases, according to published reports.

LOS ANGELES — Nevada Gov. Brian Sandoval on Tuesday proposed extending into the next budget a package of taxes now set to expire in June 2012, to avoid further cuts to education.

An end may be in sight for the two-year old bankruptcy of the Las Vegas Monorail Co., albeit at a steep price for bondholders.