Local Government Finance

The Taxpayer Information Packet

The Local Government Finance Section provides oversight of the financial administration of approximately 260 Nevada local governments. Statutory authority for this function is found in NRS Chapters 350 – Municipal Obligations, and 354 – Local Financial Administration.

The major areas of responsibility of the section are contained within the provisions of the Local Government & Finance Act (NRS 354.470 to 354.626, inclusive)

The local government finance staff reviews and approves the budgets of all local governments within the state and monitors budgetary and financial information throughout the fiscal year.

In addition to these duties, the section provides ad Valorem (property) tax revenue rate regulation, provides oversight of local government debt management and evaluates financing proposals submitted by local governments.

When the Nevada Tax Commission (NTC) declares a local entity in severe financial difficulty, the Local Government Finance Section also provides management oversight and, in extreme cases, provides financial administration.