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 [...]
Tuesday: February 9, 2010
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Gibbons Prepares for Major Speech to Nevadans on the State Budget Crisis, Ways to Fill $881 Million GapNevada Transportation Department Obligates All Road Project Stimulus FundsCARSON 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. Reorganizing Course Offerings May Be One Way to Solve Budget Shortfall, Higher Education Chancellor SaysCARSON 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. Gov. Gibbons Recommends 10 Percent Cuts to State Agencies and Education – Lawmakers Say No Deal Done YetCARSON 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. Nevada Lawmakers Search for Funds to Reduce Depth of Impending State Budget CutsCARSON 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. Nevada Updates Stimulus Recovery WebsiteCARSON 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. Regents Hear Scenarios if Steep Budget Cuts are Mandated by Governor, LegislatureRENO – 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. Annual Controller Report on Finances Reveals Dismal State of AffairsCARSON 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. Gibbons Reassures City and County Officials He Won’t Make Up State Budget Shortfall with Local FundsCARSON 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. Every Option Under Discussion as Governor, Lawmakers Seek Solutions to Massive Budget Shortfall(Updated at 2:50 p.m. on Jan. 27, 2010) Nevada November Taxable Sales Down Double Digits But Improve Over Prior MonthsCARSON 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. Gibbons to Address Nevadans, Call Legislature into Special Session in Response to $1 Billion State Budget Crisis(updated at 1:36 p.m. on Jan. 25, 2010) Economic Forum Presents Grim Picture, State Budget Director Says Some Agencies and Programs Will Be Hit Harder Than OthersCARSON 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. Unemployment Rose to 13 Percent in DecemberCARSON 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 [...] U.S. Supreme Court Opens Up 2010 Elections in Major Free Speech RulingCARSON 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. |
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