Economic Forum weighs Nevada revenues

Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Updated: 11/30/2012 3:51 pm

CARSON CITY, Nev. (AP) — The uncertainty in Congress over the "fiscal cliff" weighed on members of Nevada's Economic Forum as they tried to project the state's six major revenue sources to determine how much money will be available to fund state government for the next two years.

Forum projections on sales, casino and other taxes must be used by the governor and state lawmakers in setting a state budget for the two-year spending cycle that begins July 1.

Moderate growth is anticipated in sales and casino taxes, which combined account for nearly half of the state general fund.

Forum Chairman Ken Wiles and other members cautioned during the meeting that the political discourse in Washington, D.C., over automatic spending cuts and tax hikes set to take effect in January could seriously affect Nevada's economy.


©2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!

Featured Segments/Shows

All content © Copyright 2015 Intermountain West Communications, LLC. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.
You may also view our Sitemap

Inergize Digital This site is hosted and managed by Inergize Digital.
Mobile advertising for this site is available on Local Ad Buy.