Nevada’s General Fund revenues are ahead of projections by a hair over $1 billion so far this biennium.
Analysts presented the numbers during Thursday’s Economic Forum meeting. The meeting was designed as an update as the five-member forum prepares to make its projections for the coming biennium in December.
By law, the governor and Legislature must use the forum’s projections to build the state budget for the coming two years unless they approve a tax generating more money. The forum consists of five private industry experts in finance and economics, independent of the government.
Legislative analyst Michael Nakamoto told the panel actual collections so far were $5.44 billion in FY 2022. That is just over $1 billion more than the $4.42 billion projected by the forum at the end of the 2021 Legislature.
