Nevada

Last required budget bill heads to Nevada governor’s desk

Published

9 months ago

June 3, 2025

Last required budget bill heads to Nevada governor’s desk

CARSON CITY — With less than half an hour until the end of the legislative session, lawmakers voted to send a budget funding capital improvement projects to Gov. Joe Lombardo’s desk — the last budget bill the Legislature is constitutionally required to pass.

Senate Bill 502 would pay for about $1.56 billion worth of projects, $1.1 billion financed through bonds.

It faced hurdles Monday after the Senate did not concur on an amendment that would have provided up to $50 million of general obligation bonds for attainable housing projects. The Assembly had first approved the amendment Sunday in a 38-4 vote, but it receded the amendment around 11:40 p.m., or else it would have faced going into a special session.

Before the housing amendment was removed, Assemblymembers Sandra Jauregui and Daniele Monroe-Moreno urged their colleagues to support the amended bill late Sunday night. It would have created the Nevada Attainable Housing Infrastructure Account for housing development projects. Up to $50 million of general obligation bonds would have been deposited in the account in the 2025-2027 biennium to be used for loans.

“With this amendment, we are keeping our promise to focus on affordable, attainable housing this legislative session,” Jauregui, D-Las Vegas, said Sunday night. “With the amendment, we are making sure that we are going to fund those projects that will help the affordability of housing in our state, and I want to thank the housing division and the executive branch for the hours that we have worked together to make this possible.”

Republican Assemblymembers Heidi Kasama, Danielle Gallant, Ken Gray and Jill Dickman voted in opposition Sunday.

In a statement, Kasama said she was concerned with structural deficits that were not resolved when the vote took place.

This is a developing story. Check back for updates.

Contact Jessica Hill at jehill@reviewjournal.com. Follow @jess_hillyeah on X.

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Nevada

Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for $46 Million

Published

3 hours ago

February 27, 2026

Press Room

Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for Million

A waterfront mansion on the Nevada side of Lake Tahoe just sold for $46 million, less than three weeks after hitting the market.

The speedy deal marks a departure from the typical U.S. market.

Nationwide, homes took a median 78 days to land a buyer in January, five more than the same time last year and the 22nd straight month of homes taking longer to sell on a year-over-year basis, according to data from Realtor.com.

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The lavish log cabin-like residence, in Incline Village, listed on Jan. 24 for $47.5 million. It sold 20 days later, on Feb. 13, listing records show.

The more than 7,000-square-foot residence was built in 2014, and has double-height living spaces, walls of windows, beamed ceilings, fireplaces, and plenty of rustic exposed stone and wood, listing images show.

There’s also a gym, a wet bar, a spa, a wine room, an office, two separate game rooms, seven bedrooms and dramatic Lake Tahoe views. Outside, there’s a private sandy beach, multiple decks, a heated driveway and two exterior fireplaces, according to listing information.

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The seller and the buyer are both limited liability companies, according to property records. Both parties were represented by Jeff Brown of Tahoe Mountain Realty, who declined to comment on the deal.

The median home price in Incline Village was $1.595 million as of December, a fall of 3.3% from a year earlier, according to data from Realtor.com. Listings, meanwhile, spent an average of 130 days on the market.

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