Nevada: The Little Budget That Could
The state’s general fund is on the upswing. KXNT’s Robert Rytina takes a look at this taxing issue:
Most major state revenue sources are projected up, except for one – can you name it? Click MORE to see if you got it right!
The positive change in tax revenues from projections made in January by the Economic Forum are being seen in most major state revenues. Gaming revenues are an exception so far.
Frank Streshley, an analyst with the Nevada Gaming Control Board, reported last week that the final gaming numbers for fiscal year 2010, which ended June 30, were about $8.5 million below the forum projections.
Taxable sales for April, released earlier this month, were up 2 percent, the first increase in 20 months. The general fund portion of the sales and use taxes is 3.2 percent, or $19.3 million, above the Economic Forum’s forecast for the 10 months of fiscal year 2010.