Nevada Revenue Stream To Remain Flat

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(photo courtesy: State of Nevada)

(photo courtesy: State of Nevada)

(Las Vegas, NV) — State revenues aren’t expected to improve dramatically from a forecast made six months ago by an independent panel of business experts.

The Economic Forum on Wednesday weighed trends in casino gambling, unemployment and pondered the unknown consequences of federal health care reform in trying to predict how much money will be available to fund state government.

The forum in November projected $5.8 billion in tax revenues. Updated projections by state agencies, budget division and legislative staff on sales, casino and other tax streams vary little from that mark.

Gov. Brian Sandoval has included extending some taxes that would otherwise expire in June to balance his $6.5 billion general fund spending plan.

Democrats are awaiting the forum’s final forecast before introducing their plan to bring in more money.

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