Facade of the Nevada Legislative Building under construction. January 2023.
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Hashtag
#GovRec
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#GovRec funds medical, prescription drug, and dental inflation for #PEBP at 3.55% in FY26 and an additional 3.50% in FY27. These are again lower than trends projected by PEBP's actuary, putting pressure on benefits despite the increase in per-employee funding (to restore depleted reserves). #nvleg
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As previously reported, retirement contributions are increasing from 17.5%/17.5% employee/employer to 19.25%/19.25% on 7/1/2025, for #NvPERS Regular and #NSHE Retirement Plan Alternative. #GovRec #NvLeg Funding is embedded in base budgets.
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The assessment on salaries to fund retiree health benefits is decreasing from 3.19% to 2.59%, while the assessment for workers' compensation is increasing from 2.65% to 3.80%. #NvLeg #GovRec
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Funding rate for the Public Employees' Benefit Program per employee increasing from $759/month in FY2025 to $991 in FY2026 and $943 in FY2027. (A portion of that will be required to restore mandatory reserves that have been depleted, rather than funding current benefits.) #NvLeg #GovRec #PEBP
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NO Capital Improvement Projects for #NSHE, except the standard and wholly inadequate $15 million HECC/SHECC funding for deferred maintenance. #NvLeg #GovRec
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No mention found in Governor's budget for cost-of-living adjustments for state employees in 2025-2027. #NvLeg #GovRec #NSHE
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(These last two items appear to work in concert to fund the cost-of-living adjustments from FY2024 and FY2025, but I'm uncertain of the details.) #NvLeg #GovRec #NSHE
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Adjusting the weighted student credit hours used for the caseload adjustments from $173.29 to $208.99 to incorporate the cost-of-living adjustments and police salary increases approved in 2023. #NvLeg #GovRec
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Enhancement budget request to fund the 12% and 11% cost-of-living adjustments from the 2023-2025 biennium at 80%. (In the budget, but as a separate enhancement item not in the base budget.) #NSHE #NvLeg #GovRec
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No funding and no carve-outs for the 20% Performance Pool from the the old #NSHE funding formula. #NvLeg #GovRec
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"Cost-of-Living Adjustment - The Governor's Executive Budget includes funding the 12% and 11% cost-of-living adjustments from the 2023-2025 biennium at 80%." #NvLeg #GovRec #NSHE
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One-shot appropriation of $11 million for campus security (vers $38 million #NSHE request). #NvLeg #GovRec #NSHE
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NSHE general fund appropriation for 2023-2025 biennium of $1,529,665,879 to increase to $1,952,048,256 for 2025-2027, a 27.6% nominal increase, offset by a decrease from $921,167,021 to $903,753,025 in non-state authorizations (including student fees and tuition). #NvLeg #GovRec #NSHE
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$13 million to phase-in the new funding formula for Nevada System of Higher Education (NSHE) while holding
harmless the state's two research universities" (But the price tag for that is $21 million/year. "Phase-in" may be the keyword.) #NvLeg #GovRec
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