NORTH LAS VEGAS, Nev. - North Las Vegas officials have to present a tentative budget plan to the state Tuesday in an effort to avoid a potential state government takeover.
A spokesperson for the City of North Las Vegas says city officials are working non-stop to finalize a tentative budget by Tuesday's deadline.
This economic plan is expected to get the city out of the red for the next fiscal year. The city faces a budget deficit of nearly $18 million. If the city can't submit a balanced budget, the state could take over the city's finances, which would lead to large tax increases.
City leaders and four unions that represent different entities negotiated for days before coming to an agreement that will help balance the city's budget.
Guy Hobbs, a co-founder of Hobbs, Ong and Associates and former Clark County Finance Director, says collective bargaining is a step toward getting the city back on track.