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Monday, June 15, 2009

Washoe among eight Nevada counties in line for in economic recovery bonds



Copyright 2010 North Lake Tahoe Bonanza. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. North Lake Tahoe Bonanza June, 15 2009 8:01 am

Washoe among eight Nevada counties in line for in economic recovery bonds



CARSON CITY, Nev. — Eight northern and rural counties are eligible for a total of $225 million in economic recovery bonds.

Sen. Harry Reid, D-Nev., said there are two types of bonds in the package.

One kind is intended to help local governments obtain financing for economic development projects that will create jobs and revive the economy.

The other are tax-exempt bonds that can be used by private businesses in those recovery zones to finance capital projects.

He said local governments are being forced to put economic development and infrastructure projects on hold.

“This funding will go a long way toward helping these counties turn things around,” Reid said.

The lion's share of the money will go to Washoe County and the city of Reno. But seven other counties including Carson City are also eligible for part of the money.

County Government bonds Business bonds

Carson City $243,000 $365,000

Douglas $1,572,000 $2,358,000

Esmeralda $324,000 $486,000

Humboldt $1,167,000 $1,750,000

Nye $2,301,000 $3,452,000

Reno $43,736,000 $65,604,000

Storey $891,000 $1,337,000

Washoe $39,766,000 $59,648,000


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