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January 17, 2013
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$6.5 billion state budget relies on extending taxes

Nevada Gov. Brian Sandoval on Wednesday unveiled a record $6.5 billion General Fund budget for the next two fiscal years that is balanced by extending most of the tax increases and revenue diversions put in place two years ago.The spending plan proposed by the first-term Republican governor is $342 million, or about 5 percent, more than the current budget. Nearly all of the increased spending would go to K-12 education and Health and Human Services programs — primarily for a huge increase in Medicaid spending. The plan assumes a gradually improving economy, with “light at the end of the tunnel,” …

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The Record Courier Updated Jan 17, 2013 07:02PM Published Jan 17, 2013 10:27AM Copyright 2013 The Record Courier. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.