Governor: $330M In Budget Cuts Needed
Gibbons Blames Shortfall On Medicare, Schools
POSTED: 2:40 pm PDT April 1,
2008
UPDATED: 10:59 pm PDT April 1,
2008
CARSON CITY, Nev. -- Nevada Gov. Jim Gibbons said the Silver State could be in a $900 million budget deficit by 2009.Gibbons said Nevada's economy is struggling because of a slump in tax revenue statewide, a higher than expected Medicare caseload and rising school funding costs."It goes to show you … even the best laid plans can often go wrong,” Gibbons said.In January, Gibbons announced a 4.5 percent statewide budget cut.Now, Gibbons said additional cuts totaling $330 million must happen.There has been no word yet on where those cuts will come from.
Previous Stories:
- March 31, 2008: Gibbons: 'Rainy Day' Funds May Be Used
- March 24, 2008: Agencies Fear Cuts As Shortfall Grows
- January 7, 2008: Regents Discuss Mandated Budget Cuts
- December 21, 2007: Officials: Education Quality Suffers With Cuts
- December 20, 2007: Gibbons Holds School Budget Meeting
- December 20, 2007: Parents Protest Big Budget Cuts
- December 18, 2007: Medical Officials Rally Against Budget Cuts
- December 6, 2007: Students Protest Tuition Hike
- December 6, 2007: State Colleges Don't Submit Budget Cut Plan
- December 4, 2007: Chancellor: Budget Cuts Would Cripple Universities
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