Nevada 2014: Budget and Economic Improvement

Abstract

Author(s): Morin, Robert P | Abstract: The Nevada economy has been slowly improving and the Nevada budget is resting on a solid foundation in terms of satisfying revenue projections contained in the 2013-2015 biennial budget (Nevada Department of Employment, Training and Rehabilitation, 2013). Nevada successfully faced and responded to a state economic environment that has been characterized for the past few years by recession, a budget crisis and political budget fights. The budget in Nevada is currently stable and Nevada has experienced slow economic improvement during fiscal year 2013 – 2014. Nevada’s economic improvement, compared to many other areas of the United States, has been slow and it will probably take a considerable amount of time before Nevada experiences significant recovery from the recession. The Nevada Legislature meets once every two years during odd numbered years and 2014 was an off year. The off legislative year consists of monitoring economic indicators, preliminary construction of the new biennial budget and previewing the fall general election.