Nevada panel expected to set revenue forecast for budget
CARSON CITY, Nev. (AP) — A Nevada panel is expected to forecast revenue for a portion of the state’s biennial budget and set how much state lawmakers can spend.
The Economic Forum began its meeting in Carson City on Wednesday.
The panel was created during the 1993 Legislature and provides forecasts of Nevada’s General Fund revenues. The Kenny Guinn Center for Policy Priorities says the General Fund makes up about 30 percent of the 2019-2021 biennium budget.
Economic Forum Chair Linda Rosenthal says the panel may make adjustments to a preliminary forecast they decided on in December. She says their finalized General Fund revenue forecast will dictate how much money Nevada lawmakers will be able to spend this session.