Develop A Smart Economy

Pardon Our Dust

The Team Is working on this particular plank to our Policy.

Feel Free To watch this work in progress and, by all means, feel free to comment or contribute to the discussion.  

 That Includes:

  • The Proliferation of Cleaner, Greener, more energy efficient and Technologically advanced manufacturing plants;
    •  net-zero carbon footprint buildings within an interconnected industrial grouping, featuring automated movement of products and materials, automated multi-functional designs, renewable energy sources, photovoltaic supertrees, and other shared innovative resources and processes.
  • Public-Private-Not For Profit Initiatives to ensure Clean Water, Clean Air, Clean Energy;
  • Wind, Solar, GeoThermal, Hydroelectric, Biomass, Hydrogen Fuel Cells, and Nuclear Energy;
  • Greater Sustainability through environmentally friendly processes;
  • Innovation Incubators and Technology Hubs
  • More effective communication and Cooperation between Start-ups, Investors, Financiers, Educational and Government Institutions willing to combine resources, share insight, and lend their strengths to empower one another;
  • Innovative Products, Goods, Services, Resources, Processes and tools that reduce negative ecological impact;
  • Less Waste and More Recycling;
  • Floating Farms to increase water reclamation and bring the production of Fresh Produce, Vegetables, Dairy and Meat closer to the Las Vegas end user;
  • Comprehensive Tax Reforms to stimulate the economy and foster full employment;
    • Review Authorized and Proposed Future Consolidated Tax Bonds;
    • Expedite repayment of the City's $70 million in general obligation bonds for construction of a Civic Center Building and Plaza;
    • Greater scrutiny of the City's practice of issuing bonds or other securities as the first financing option;
    • Look beyond mere satisfaction of the legal requirements for issuance and include a budgetary impact evaluation;
      • Revenue Anticipation Notes (RANs) which are a form of short-term debt a government issuer usually repays from a named revenue source within a period of one year.
        • A stadium is one example of a project a government may finance through a RAN issue. Gate revenue would then be used to repay the note.
        • Like other municipal bonds, the interest income that RANs generate is typically tax-exempt at the federal level.
  • Strategic Businesses growth to increase production; 
  • Enable more businesses to introduce their products goods and services into the national and global stream of commerce;
  • Concentrated spending on education, rehabilitation and skill development and Less spending on incarceration; 
  • Inclusion of persons who have been chronically unemployed;
  • Certification of a ready and capable workforce.
  • Transition Las Vegas from a Debt To Fund Services Revenue and Expenditure System Into A Pay As You Go Revenue and Expenditure System;
    • There are three ways that most governments choose to finance capital projects: pay-as-you-go, debt issuance, or public-private partnerships (P3s)
    • Maximize use of Municipal Liquidity Facility Vehicles

Because of coronavirus-related shutdowns, state and local tax revenue plummeted. Sales taxes fell because people purchased fewer goods. Income taxes dropped amid rising unemployment. To help make up the shortfall, the Fed’s program purchased municipal notes, allowing state and local governments to continue functioning through the crisis.

  • A Series of Public-Private Partnerships funded by strategic FED liquidity vehicles;
    •
      • Projects built in Consultation and Cooperation with the local community;
      • On April 9, 2020, the Federal Reserve announced the establishment of the Municipal Liquidity Facility (MLF), to help state and local governments better manage the cash flow pressures they were facing as a result of the increase in state and local government expenditures related to the COVID-19 pandemic and the delay and decrease of certain tax and other revenues, in order to continue to serve households and businesses in their communities.
    • The MLF, which was authorized under Section 13(3) of the Federal Reserve Act, supports lending to U.S. states (including the District of Columbia), U.S. counties with a population of more than 500,000 residents, U.S. cities with a population of more than 250,000 residents, and Multi-State Entities. Under the MLF, the Federal Reserve Bank of New York will commit to lend to a special purpose vehicle (SPV) on a recourse basis. The SPV will purchase eligible notes directly from Eligible Issuers at the time of issuance. The New York Fed will be secured by all the assets of the SPV. The Department of the Treasury, using funds appropriated to the Exchange Stabilization Fund under section 4027 of the Coronavirus Aid, Relief, and Economic Security Act, will make an initial equity investment of $35 billion in the SPV in connection with the Facility. The SPV will have the ability to purchase up to $500 billion of Eligible Notes. The Federal Reserve will continue to closely monitor conditions in the primary and secondary markets for municipal securities and will evaluate whether additional measures are needed to support the flow of credit and liquidity to state and local governments.
    • Liquidity is important because it shows how flexible a company is in meeting its financial obligations and unexpected costs. It also applies to the average individual as well. The greater their liquid assets (cash savings and investment portfolio) compared to their debts, the better their financial situation.
    • Revenue Anticipation Notes (RANs) are a form of short-term debt a government issuer usually repays from a named revenue source within a period of one year.
      • A stadium is one example of a project a government may finance through a RAN issue. Gate revenue would then be used to repay the note.
      • Like other municipal bonds, the interest income that RANs generate is typically tax-exempt at the federal level.
    • A tax anticipation note (TAN) is a short-term debt security issued by a government.
      • The notes are typically issued with maturity dates of less than a year and usually expire around or shortly after yearly taxes are due to be paid.
      • TANs are usually offered at a discount to the buyer. When the note matures, the buyer earns interest.