Nevada panel to get update on state revenues

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Updated: 6/03/2014 6:11 am

CARSON CITY, Nev. (AP) — An independent panel that projects Nevada tax revenues will get an update from state agencies.

But the Economic Forum will not make any new forecasts Tuesday on how much money the state will have in its coffers for the upcoming two-year budget cycle. That meeting comes later this year in advance of the 2015 Legislature.

Most state revenues like casino and sales taxes are at or near projections made when the 2013 Legislature passed a $6.6 billion general fund budget.

A big exception is net proceeds taxes on mining. The forum in May 2013 anticipated mining taxes would bring in $93 million for state coffers. But so far actual collections are $73 million short because of slumping gold prices.

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