Economist Shares Economic Insight
An independent economist told state lawmakers the hard truth about Nevada’s economy — its ability to rely on the hospitality industry to fund government and services is over. Jeremy Aguero of Applied Analysis dissected Nevada’s economy during a joint meeting Thursday of the Senate Reno and Assembly Taxation committees. Unsurprisingly, Aguero showed that a falloff in tourism helped sink the state’s financial outlook, because the loss in visitors meant less money flowed from outside the state in the form of sales and gaming taxes. When paired with Nevada’s growing population, he said the problem was clear: the state was distributing less money across a larger population and coming up short.