The most current fiscal projections indicate Nevada’s financial health is in serious jeopardy. With projections indicating Fiscal Year 2021 is roughly $1.2 billion shy of what the legislatively-approved budget requires, it is clear that government finances are in desperate need of cuts, innovation and clear policy guidance moving forward. And… Read More
Possible changes made to the U.S. Mining Act of 1872 -- a statue that has encouraged prospecting, development and extraction of minerals in the public domain for more than 120 years -- would introduce an 8% gross proceeds royalty on hard-rook minerals extracted from Federal land. The Clinton budget proposes a 12.5% royalty.
A $2.2 billion unfunded liability currently exists in the State Industrial Insurance System, according to the insurance commissioner's recent audit.Over the last five years medical expenditures have risen an astounding 300-450 percent.Since by statue, private insurance carriers are not allowed to write coverage in Nevada, SIIS can rightly be termed a government monopoly.
Nevada's current budgetary crisis consists of $170 Million in revenue shortfall.Nevada lacks a unified budgeting and accounting system which would allow its citizens to take a comprehensive look at the state's finances. It is difficult for experts, let alone the typical voter, to figure out how much money we really have and where it goes.