Is a budget deal close? Update: Deal reached, hold onto your wallets

Victor Joecks

Update: Both Gov. Brian Sandoval and Sen. Majority Leader Steven Horsford have tweeted that a deal has been reached. Announcement coming at 2 pm. Head over to to follow the real time conversation and be sure to follow NPRI on Twitter at @NevadaPolicyRI.

So reports KSNV:

Sources in Carson City tell News 3 the deal was made Wednesday morning and is expected to go public sometime after 1 p.m.

Stay tuned or follow us on Twitter @NevadaPolicyRI for updates.

As Gov. Brian Sandoval has reversed his promise not to raise taxes, the budget deal will likely contain several hundred million dollars of tax increases and, according to the Review-Journal, spend around $6.5 billion to $6.8 billion, which would be an increase from the current biennium’s $6.4 billion in general fund spending.