CARSON CITY – Gov. Jim Gibbons will give one of the most watched speeches of his political career in just a few hours as he outlines Nevada’s economic crisis and talks about a state budget deficit that could lead to layoffs, critical program cuts and higher fees for college students.
Gibbons will deliver his State of [...]
CARSON CITY – Nevada’s Transportation Department, which came in for some criticism last year for what was described as a slow start to spending its share of federal stimulus money, announced this week that all of its funds have now been obligated a month ahead of schedule.
The commitment of the $201 million in American Recovery [...]
CARSON CITY – Higher education Chancellor Dan Klaich said today that proposals made by Regent Mark Alden to shift teacher and nursing courses from the state’s universities to lower cost colleges should be part of the discussion on how to absorb impending funding cuts.
Klaich said reexamining the way the universities, state college and community colleges [...]
CARSON CITY – Nevada Senate Majority Leader Steven Horsford said today that dozens of cuts proposed by Gov. Jim Gibbons to help erase an $881 million budget shortfall are ideas only, at least for now.
“There is no plan in place at this point,” said Horsford, D-Las Vegas. “We’ve been given a list of ideas from [...]
CARSON CITY – In the face of potential college campus closures, hundreds of state employee layoffs and a state budget crisis of unprecedented proportions, there was a tiny bit of good news delivered to state lawmakers today.
The state shortfall that must be made up in the current two-year budget is no longer $1 billion, but $881 [...]
CARSON CITY – The official Nevada Recovery site uploaded new data this weekend in response to a report of $830 million in ARRA stimulus funds awarded to Nevada State Agencies in the fourth quarter of 2009.
The new data covers the funding awarded to programs that are subject to reporting under the requirements of section 1512 [...]
RENO – Those charged with overseeing Nevada’s system of higher education heard several scenarios today if the current state budget crisis requires cuts of 22 percent, from closing campuses to huge student fee increases to massive layoffs.
The theoretical scenarios, presented to the Board of Regents by Chancellor Dan Klaich, were intended to demonstrate the severity [...]
CARSON CITY – An annual financial report released today by state Controller Kim Wallin examining the 2009 fiscal year that ended June 30 details just how difficult the national recession has been on the Nevada budget and how much worse it’s going to get.
Called the Comprehensive Annual Financial Report (CAFR), it describes government revenues and [...]
CARSON CITY – Gov. Jim Gibbons said today he will not seek to use local government funds to make up a state budget shortfall that ranges between $900 million and $1 billion.
Gibbons did propose a measure taking some local property tax revenue, four cents per $100 of assessed value, to help balance the state budget [...]
(Updated at 2:50 p.m. on Jan. 27, 2010)
CARSON CITY – When budget cuts come to higher education and the public school system to help balance a state spending plan that is $1 billion out of balance, those decisions should be made by the Board of Regents and local school officials, two members of Gov. Jim [...]
CARSON CITY – Nevada’s taxable sales fell by 10.9 percent in November 2009 over the same month in 2008, making it the 13th month of double-digit declines in economic activity in the state. The $3 billion in goods sold in Nevada in November brought the fiscal year to date taxable sales decline to 18.1 percent.
In [...]
(updated at 1:36 p.m. on Jan. 25, 2010)
CARSON CITY – Gov. Jim Gibbons said today he will deliver a special State of the State address to Nevadans on Feb. 8 at 6 p.m. to discuss Nevada’s budget crisis. He will also announce his intention to call the Legislature into special session to deal with a [...]
CARSON CITY – When the dust settled from the Economic Forum meeting late yesterday, the message was clear: Governor Jim Gibbons and the Nevada Legislature have an enormous challenge to rebalance the state budget – a $580 million challenge that could still get worse.
The five-member forum of private sector financial experts, called together by Gibbons [...]
CARSON CITY – Nevada’s unemployment rate rose to 13 percent this December, according to a press release from the Nevada Department of Employment, Training and Rehabilitation. This marks a rise of almost 5 percentage points from December 2008’s unemployment rate of 8.4 percent, and a rise of 0.7 percentage points from last November, when the [...]
CARSON CITY – Like it or not, the 2010 campaign season is likely to dominate the airwaves more than ever nationally and in Nevada following a decision today by the U.S. Supreme Court repealing a limitation on political spending by corporations.
In what is being hailed by supporters as a major First Amendment free speech ruling, [...]