Why Nevada and most other states have budget problems

Victor Joecks

I’ve been sharing a lot of charts recently, but sometimes a picture really does say it all. This one shows why states such as Nevada, California and New York are facing budget deficits.

It’s the spending, stupid.

It’s also timely, given that Rory Reid released his budget plan this morning. To his credit, Reid does not call for tax increases and suggests several worthy reforms. A more detailed analysis from NPRI, highlighting both the meritorious and worrisome, is coming shortly.