Gibbons gets 'B' grade from think tank

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(AP) - Outgoing Nevada Gov. Jim Gibbons received a "B" grade from a libertarian think tank for his performance in office.

The Las Vegas Review-Journal reported Friday that Gibbons was one of 15 governors nationwide given "B" grades in the Cato Institute report. He tied with several others as eighth-best. Four governors were given "A" grades.

The ranking released Thursday gave the one-term Republican good marks for efforts to cut spending and prevent tax increases.

It noted the Democrat-dominated Legislature overrode Gibbons' veto last year of sales and payroll tax increases. The veto was one of a record 48 by a Nevada governor during a legislative session.