Nancy Dallas reports on Lyon County budget shortfalls and quotes Interim County Manager Bob Hadfield, who says, despite the entrance of Lowes and Walmart into the equation, the decline of the housing market spells trouble:
“Within the housing market, it does not look like we will be receiving a growth boom in the near future. Based on that, we can’t expect the sales tax revenue to increase. A large portion of that in the past was driven by the housing boom.”And:
“This is a beautiful area. It will still be attractive. We have some very nice developments on the drawing board. We are still building some houses in some areas. But we have got to get some jobs in this county to support this workforce because we cannot survive on houses alone. It will not work. We cannot be just a housing area for the rest of the region.”Yep. That just about says it all.