Tesla’s expansion of its Nevada factory appears poised to trigger an entirely new package of tax abatements worth hundreds of millions of dollars, all of it authorized by the original sweetheart deal Legislators approved in 2014.
The advantages Democrats gave themselves through political redistricting may come head to head with an expected “red wave” of Republican support fueled by voter frustrations over economic issues, particularly inflation.
April Corbin Girnus, Author at Alaska Beacon alaskabeacon.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from alaskabeacon.com Daily Mail and Mail on Sunday newspapers.
About $400 million of the surplus revenue will automatically wind up in Nevada’s Rainy Day Fund. State law requires that 40% of any ending fund balance over 7% be transferred there.