The Nevada Economic Development Coalition (NEDCO) is made up of Southern Nevada business and community leaders dedicated to improving Clark County’s economic future by way of implementing an index on existing motor vehicle fuel taxes.
NEDCO was formed to propose a change to the Nevada Revised Statute to allow Clark County to implement fuel tax indexing. Indexing fuel taxes would make adjustments to fuel tax rates annually based upon increases in the Producer Price Index (PPI) to offset only the amount of purchasing power lost due to inflation. It will give fuel taxes an important protection against the rising cost of labor & construction materials during periods of inflation. Washoe County successfully enacted a similar change for their community in 2009.
As the communities of Clark County grow, there will be additional traffic congestion, decreasing air quality, and the need for more road repair and maintenance. Since 1995, Clark County’s option fuel tax has stayed the same while both the Consumer Price Index (CPI) and Producer Price Index (PPI) have risen significantly. Federal and state fuel taxes have not been adjusted for more than 15 years and have lost 30% of their purchasing power since 2003 due to inflation. This disconnect has led to a transportation-funding shortfall in Clark County that can be remedied by indexing the fuel tax.
The Steering Committee for NEDCO’s efforts in Nevada is comprised of members of the Nevada Economic Development Political Action Committee (NEDPAC):
Larry Carroll, President of NEDPAC
Managing Principal, Western Region
Poggemeyer Design Group
James Caviola, Vice President of NEDPAC
Gene Krametbauer, Secretary of NEDPAC
Russell Rowe, Treasurer of NEDPAC
Attorney, Rowe Law Group, Ltd.
Lobbyist, American Council of Engineering Co. (ACEC)
Bill Wellman, Officer of NEDPAC
Las Vegas Paving
James A. Barrett, Jr., President
The JABarrett Company
Patrick Smith, Executive Director of NEDPAC/NEDCO
Patrick Smith, LLC Public Affairs
Please email any of the above officers if you have any questions regarding NEDCO’s efforts.