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NEVADA

Nevada

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    • Budget timeframe: Biennial

      Fiscal Year begins: July 1 

      The current state budget can be found here.

      Find the legislative session calendar here.

      Find the current legislative leaders here.

       

      NV Gov Sandoval

      Gov. Brian Sandoval
      State Capitol
      101 North Carson Street
      Carson City, NV 89701
      Phone: (775) 684-5670
      Fax: (775) 684-5683
      http://gov.state.nv.us/

       

       

       

      Jeff Mohlenkamp , Director
      Department of Administration - Budget Division
      Blasdel Building, Room 200
      209 East Musser Street
      Carson City, NV 89701-4298
      Phone (775) 684-0222
      Fax (775) 684-0260
      www.budget.state.nv.us

      budget@budget.state.nv.us

       

       

      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report (CAFR) compiled by the state government, and click here for information on the state's pension liabilities

       

       

      Nevada is required to pass a "balanced budget."  Section 353.205 of the State law requires the budget document to start with a general summary of the proposed budget setting forth the "aggregate figures of that budget to show the balanced relations between the total proposed expenditures and the total anticipated revenues, together with the other means of financing the proposed budget for the next 2 fiscal years, contrasted with the corresponding figures for the last completed fiscal year and the fiscal year in progress."  Even though this provision exists the State reported budget deficits (negative net transactions) on its Budgetary Comparison Schedules for each of the three years examined.  Nevada law forbids the carrying over of a deficit from one year to the next.

       

      Nevada also caps the total appropriations to the total appropriations from 1974, adjusted for inflation and population growth.  This is commonly referred to as budgeting for fiscal discipline.

       

      The State reports the following major governmental funds: the General Fund, the State Highway Fund, the Municipal Bond Bank Fund, the Consolidated Bond Interest and Redemption Fund, and the Stabilize the Operations of State Government Fund.  Nevada budgets four of the five major funds and several (around 14 each year) non-major governmental funds.  Although "total" columns do accompany the numerous non-major funds, budgetary information is presented inefficiently because it is located in two places within the CAFR.  By placing funds in this arrangement, readers may not realize that they are seeing the same information twice, once in the "Required Supplementary Information" section and again in the "Other Required Supplementary Information" section.  Also, budgetary information for major funds is presented differently than non-major information, which can make it more difficult to collect the necessary data.  [from the Institute for Truth in Accounting]

       

      Find the state's bond ratings here.

       

      Nevada Policy Institute

    • K-12 Education :

    • HEADLINES

      Lawmakers Jockey Over Budget Surpluses

      Stateline | by Elaine S. Povich | April 22, 2014

      According to NASBO, Kentucky and many other states have put the emphasis on restoring funding to education this year. A still incomplete survey of states showed that the vast majority are increasing elementary and secondary education funding, along with transportation and infrastructure.

    • HEADLINES

      Common-Core Tensions Cause Union Heartburn

      Education Week | by Andrew Ujifusa and Stephen Sawchuk | February 20, 2014

      From the early days of the Common Core State Standards, the two national teachers' unions have been among the initiative's biggest boosters, helping to make the case to the nation's 3.5 million teachers for the tougher expectations and putting significant money into the development of aligned curricula and tools.

      But in some union quarters, that support is starting to waver—the product of flawed implementation in states, concerns about the fast timeline for new testing tied to the standards, and, in at least one instance, fallout from internal state-union politics.

    • View All Nevada articles
    • Medicaid :

    • HEADLINES

      Little-Known Health Act Fact: Prison Inmates Are Signing Up

      New York Times | by Erica Goode | March 11, 2014

      In a little-noticed outcome of President Obama’s Affordable Care Act, jails and prisons around the country are beginning to sign up inmates for health insurance under the law, taking advantage of the expansion of Medicaid that allows states to extend coverage to single and childless adults — a major part of the prison population.

    • HEADLINES

      State spending on prison health care is exploding. Here's why.

      Washington Post | by Niraj Chokshi | November 1, 2013

      Health care and prisons are two of the biggest drivers of state spending. So, when you throw them together you get… a whole lot of state spending.

    • View All Nevada articles
    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions

      The Case for Reform: Prisons

      Right on Crime | August 1, 2012

      Prisons are supremely important, but they are also a supremely expensive government program, and thus prison systems must be held to the highest standards of accountability.