According to Yahoo! Finance, Nevada is behind only California, Arizona, and Florida in terms of total state budget shortfall.
Nevada’s budget gap is 16% of the total state budget or $1.2 billion.
Nevada has the worst foreclosure rate in the nation, and falling tourism and gambling revenues has slowed the economy dramatically.
A special legislative session in June resulted in budget caps and cuts, but it’s quite likely another special session will have to be called – after the elections in November.
Tags: 2008, Budget, Economy, foreclosure, gambling, gap, legislative, Nevada, ranking, rate, revenue, shortfall, Special Session, tourism
This Eric O’Keefe blog/op-ed is for my Michigan readers (of whom there are a few). It’s also worthy of note for anyone concerned with combatting massive tax hikes, the freedom of citizens in recall processes/petitions, and blatant media bias.
The Free Press’s position is passing strange considering it’s been 25 years since the last legislative recall in Michigan. And I agree with O’Keefe’s closing:
The Free Press is good at covering the Tigers and Red Wings. It should stick to covering sports, the weather, and the continuing decline of Michigan’s over-taxed economy.
Tags: Detroit, editorial, Free Press, hikes, increases, legislative, Media Bias, Michigan, op-ed, opinion, petition, process, recall, tax, Taxes
