Revenue projection leaves Sandoval with work to do
By Sean Whaley, Las Vegas Review-Journal
CARSON CITY – The size of the next state budget became clearer Tuesday when financial experts projected Nevada will collect $541 million more in tax revenue over the next two years than it did during the last budget cycle.
The Economic Forum projects the state will collect $7.9 billion in general fund tax revenue in fiscal 2017-18, a 7 percent increase over the current $7.3 billion budget approved in 2015. The projection will be used to pass a balanced budget, as required by state law.
While the projected revenue is greater, it is still $300 million to $600 million less than the total budget requests state departments submitted to Gov. Brian Sandoval in October.
