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LAS VEGAS (AP) — North Las Vegas administrators say they've submitted a balanced tentative budget to the Nevada Department of Taxation after facing down the prospect of a state takeover.
Mayor John Lee said Wednesday that the $441 million proposal will preserve services for residents and helps put the city on a more solid financial footing. A City Council ratification vote is set May 21.
The city reached tentative agreements last week with key employee unions to overcome a projected budget deficit of nearly $18 million.
Its financial prospects had been so bleak that it faced state receivership, which could lead to large tax increases.
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