Difference between revisions of "Nevada state budget"

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{{budget infobox2|
{{budget infobox|
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| state = Nevada  
state = Nevada |
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| image = Flag of Nevada.png|
image = Flag of Nevada.png|
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| budgetcal =Biennial
budgetcal = Biennial |
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| fiscalyear =2014-2015
fiscalyear = 2014-2015 |
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| credit=AA (as of May 2012)
datelaw=  |
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| percentchangedr =   
lasteraltered = |
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| expenses =$3.2 billion
revenue = |
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| all funds expenses =$8.9 billion (FY 2013 estimate)
percentchangedr =  |
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| spending change =up
expenses = $6.6 billion<ref>[http://news.yahoo.com/legislature-approves-6-6b-nevada-152641165.html Legislature Approives 6.6b Nevada Budget. Accessed September 27, 2013]</ref> |
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| change =3.1%
all funds expenses = |
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| governor = Brian Sandoval
percentchanged = |
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| % federal = 25.48%
}}
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| state debt = $52,838,629,000
[[Nevada]] operates on a biennial budget cycle, with each fiscal year beginning on July 1.<ref>[http://www.ncsl.org/issues-research/budget/state-experiences-with-annual-and-biennial-budgeti.aspx National Conference of State Legislatures "State Experiences with Annual and Biennial Budgeting" April 2011]</ref>
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| per cap debt = $19,152
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}}{{tnr|limit=3}}This page contains information about '''budget processes and policy issues''' in [[Nevada]], including:
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* A summary of the budget drafting process
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* Trends in expenditures and revenues
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* Current and past fiscal year budget developments
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* Financial transparency measures
  
The $17.9 billion budget state budget for FY2012-13 was comprised of five different bills. In the budget, $6.2 billion in funds come from state general tax dollars and federal funds.<ref name=signs/> The enacted budget can be found online.<ref>[http://nevadabudget.org/images/stories/budget_2011_13/Final_Budget_V2.0.pdf FY2012-2013 Enacted Budget]</ref>
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Between fiscal year 2009 and fiscal year 2013, Nevada's total expenditures increased by approximately $600 million, from $8.3 billion in 2009 to $8.9 billion in 2013. This represents a 6.7 percent increase, below the cumulative rate of inflation during the same period (9.06 percent, calculated using the Consumer Price Indices for January 2009 and January 2013).<ref>[http://www.bls.gov/cpi/cpid1402.pdf ''Bureau of Labor Statistics'', "CPI Detailed Report Data for February 2014," accessed April 9, 2014]</ref><ref>[http://inflationdata.com/Inflation/Inflation_Calculators/Cumulative_Inflation_Calculator.aspx ''InflationData.com'', "Cumulative Inflation Calculator," February 28, 2014]</ref>
  
In FY 2012, Nevada had a total state debt of approximately $40,711,818,000 when calculated by adding the total of outstanding official debt, pension and other post-employment benefits (OPEB) liabilities, Unemployment Trust Fund loans, and the FY2013 state budget gap.<ref>[http://www.statebudgetsolutions.org/publications/detail/state-budget-solutions-third-annual-state-debt-report-shows-total-state-debt-over-4-trillion State Budget Solutions "State Budget Solutions' third annual State Debt Report shows total state debt over $4 trillion" Aug. 28, 2012]</ref>  The FY2013 state debt total was down from the FY2012 state debt total of $41,883,947,000.<Ref>[http://www.statebudgetsolutions.org/publications/detail/report-reveals-aggregate-state-debt-exceeds-4-trillion-2 State Budget Solutions “Report reveals aggregate state debt exceeds $4 trillion” Oct. 24, 2011]</ref> Nevada's total state debt per capita was $14,949.32.<ref>[http://www.statebudgetsolutions.org/publications/detail/state-debt-more-than-37000-per-private-worker-13000-per-capita State Budget Solutions "State debt more than $37,000 per private worker, $13,000 per capita" Oct. 2, 2012]</ref>
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==Budget process==
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{{Nevada budget process}}
  
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==Expenditures==
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===Definitions===
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{{Budget types background}}
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===2013 expenditures===
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[[File:Nevada total expenditures 2013.png|right|thumb|500px|Breakdown of expenditures in FY 2013.<small><br>'''Source:''' [http://www.nasbo.org/ National Association of State Budget Officers]</small>]]
 +
The table below breaks down expenditures for fiscal year 2013 (comparable figures from surrounding states are provided to give additional context).<ref name=expenditures2013>[http://www.nasbo.org/sites/default/files/State%20Expenditure%20Report.pdf ''National Association of State Budget Officers'', "State Expenditure Report, 2011-2013," accessed February 21, 2014]</ref> Figures for all columns except "Per capita expenditures" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). Figures in the column labeled "Per capita expenditures" have not been abbreviated.
  
==Federal Aid to State Budget==
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{| class="wikitable" style="text-align:center; width:55%;"
 
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! colspan="7" align="center" style="background-color:#008000; color: white;" | Total state expenditures, FY 2013 ($ in millions)<ref name=expenditures2013/>
The chart below represents how much of the state’s budget comes from the federal government. The number was the corresponding ranking in relation to the rest of the nation (if #1, the state receives the highest percentage of federal funding in the nation):
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{| class="wikitable sortable"
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| align="center" style="background:#f0f0f0;"|'''State'''
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| align="center" style="background:#f0f0f0;"|'''2008'''
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| align="center" style="background:#f0f0f0;"|'''2009'''
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| align="center" style="background:#f0f0f0;"|'''2010'''
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| align="center" style="background:#f0f0f0;"|'''2011'''
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|-
 
|-
| Nevada || 19.69% (#49) || 26.61% (#44) || 29.35% (#45) || 27.07% (#46)
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! valign="bottom" style="background-color:#444; color: white;" | State
 +
! valign="bottom" style="background-color:#444; color: white;" | General fund
 +
! valign="bottom" style="background-color:#444; color: white;" | Federal funds
 +
! valign="bottom" style="background-color:#444; color: white;" | Other funds
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! valign="bottom" style="background-color:#444; color: white;" | Bonds
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! valign="bottom" style="background-color:#444; color: white;" | Total
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! valign="bottom" style="background-color:#444; color: white;" | Per capita expenditures**
 +
|-
 +
|'''Nevada''' || '''$3,179''' || '''$2,918''' || '''$2,769''' || '''$27''' || '''$8,893''' || '''$3,187.30'''
 +
|-
 +
|[[California state budget|California]] || $95,665 || $81,299 || $38,656 || $12,261 || $227,881 || $5,944.85
 +
|-
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|[[Oregon state budget|Oregon]] || $5,960 || $7,452 || $12,262 || $132 || $25,806 || $6,566.30
 +
|-
 +
|[[Washington state budget|Washington]] || $15,633 || $7,744 || $7,809 || $2,016 || $33,202 || $4,762.60
 +
|-
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|align="left" colspan="8" | <small>**Per capita figures are calculated by taking the state's total expenditures and dividing by the number of state residents according to United States Census estimates.<ref name=2013census/><ref name=2009census>[https://www.census.gov/popest/data/historical/2000s/vintage_2009/index.html ''United States Census Bureau'', "Vintage 2009: Annual Population Estimates," accessed February 26, 2014]</ref><br>'''Source:''' [http://www.nasbo.org/ National Association of State Budget Officers]</small>
 
|}
 
|}
 
*Figures were calculated by dividing each state’s intergovernmental revenue into its general revenue.<ref>[http://www.census.gov/compendia/statab/cats/state_local_govt_finances_employment/federal_aid_to_state_and_local_governments.html '''US Census''' Federal Aid to State and Local Governments]</ref><ref>[http://taxfoundation.org/blog/monday-map-federal-aid-state-budgets ''Tax Foundation''' "Monday Map: Federal Aid to State Budgets. Accessed October 15, 2013]</ref>
 
  
==FY2012-13 State Budget==
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===Expenditures by function===
::''See also: [[Archived Nevada state budgets]]''
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[[File:Nevada expenditures by type 2012.png|right|thumb|500px|Breakdown of expenditures by function in FY 2012.<small><br>'''Source:''' [http://www.nasbo.org/ National Association of State Budget Officers]</small>]]
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State expenditures in Nevada can be further broken down by function (elementary and secondary education, public assistance, etc.). Fiscal year 2012 data is included in the table below (information from neighboring states is provided for additional context). Figures are rendered as percents, indicating the share of the total budget spent per category.
  
The Legislature passed five budget bills that fund state government and education for FY2012-13 on June 5, 2011, the next to the last day of the regular session.<ref>[http://www.lvrj.com/news/assembly-passes-funding-bills-123197293.html The Las Vegas Review-Journal "Legislature approves state funding bills, await Sandoval's signature" June 5, 2011]</ref>  Governor [[Brian Sandoval|Brian Sandoval]] signed the budget on June 14, 2011.<ref name=signs>[http://www.lasvegassun.com/news/2011/jun/14/sandoval-signs-budget-bills-fund-state-government/ The Las Vegas Sun "Sandoval signs budget bills to fund state government" June 14, 2011]</ref>  A summary of the budget as prepared by the state can be found online.<ref>[http://nevadabudget.org/images/stories/budget_2011_13/Final_Budget_V2.0.pdf FY2012-2013 Budget Summary]</ref>  Assembly Bill 579 provides funding for schools; Assembly Bill 580 contains appropriations for the general fund; Assembly Bill 503 authorizes expenditures; Assembly Bill 504 funds capital improvements; and Senate Bill 505 provides state funds to pay bills.<ref>[http://www.leg.state.nv.us/Session/76th2011/Bills/AB/AB579_EN.pdf Assembly Bill 579]</ref><ref>[http://www.leg.state.nv.us/Session/76th2011/Bills/AB/AB580.pdf Assembly Bill 580]</ref><ref>[http://www.leg.state.nv.us/Session/76th2011/Bills/SB/SB503.pdf Senate Bill 503]</ref><ref>[http://www.leg.state.nv.us/Session/76th2011/Bills/SB/SB504_EN.pdf Senate Bill 504]</ref><ref>[http://www.leg.state.nv.us/Session/76th2011/Bills/SB/SB505.pdf Senate Bill 505]</ref>
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{| class="wikitable" style="text-align:center; width:55%;"
 +
! colspan="8" align="center" style="background-color:#008000; color: white;" | Expenditures by function, FY 2012 (as percents)<ref name=expenditures2013/>
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|-
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! valign="bottom" style="background-color:#444; color: white;" | State
 +
! valign="bottom" style="background-color:#444; color: white;" | Elementary and secondary ed.
 +
! valign="bottom" style="background-color:#444; color: white;" | Higher ed.
 +
! valign="bottom" style="background-color:#444; color: white;" | Public assistance
 +
! valign="bottom" style="background-color:#444; color: white;" | Medicaid
 +
! valign="bottom" style="background-color:#444; color: white;" | Corrections
 +
! valign="bottom" style="background-color:#444; color: white;" | Transportation
 +
! valign="bottom" style="background-color:#444; color: white;" | Other
 +
|-
 +
|'''Nevada''' || '''23.6%''' || '''9.7%''' || '''3.2%''' || '''25.4%''' || '''3.8%''' || '''9.5%''' || '''24.9%'''
 +
|-
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|[[California state budget|California]] || 19.9% || 7.0% || 3.8% || 21.6% || 5.4% || 6.3% || 36.0%
 +
|-
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|[[Oregon state budget|Oregon]] || 14.0% || 2.5% || 0.7% || 18.2% || 3.9% || 6.7% || 54.1%
 +
|-
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|[[Washington state budget|Washington]] || 22.9% || 17.8% || 1.0% || 12.1% || 2.7% || 8.4% || 35.1%
 +
|-
 +
|align="left" colspan="8" | <small>'''Source:''' [http://www.nasbo.org/ National Association of State Budget Officers]</small>
 +
|}
  
'''Unemployment Insurance'''
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===Expenditure trends===
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From 2008 to 2012, expenditures on higher education, corrections and transportation decreased by less than two percent. During the same time period, expenditures on elementary and secondary education, public assistance and Medicaid increased by as much as 13.1 percent on Medicaid and as little as 2.6 percent on public assistance. The table below details changes in expenditures from 2008 to 2012.<ref name=expenditures2013/><ref name=expenditures2011>[http://www.nasbo.org/sites/default/files/2010%20State%20Expenditure%20Report_0.pdf ''National Association of State Budget Officers'', "State Expenditure Report, 2009-2011," accessed February 24, 2014]</ref><ref name=expenditures2012>[http://www.nasbo.org/sites/default/files/State%20Expenditure%20Report%20%28Fiscal%202010-2012%29.pdf ''National Association of State Budget Officers'', "State Expenditures Report, 2010-2012," accessed February 24, 2014]</ref><ref name=expenditures2009>[http://www.nasbo.org/sites/default/files/2009-State-Expenditure-Report.pdf ''National Association of State Budget Officers'', "State Expenditure Report, 2009," accessed February 24, 2014]</ref><ref name=expenditures2008>[http://www.nasbo.org/sites/default/files/FY08%20State%20Expenditure%20Report.pdf ''National Association of State Budget Officers'', "State Expenditure Report, 2008," accessed February 24, 2014]</ref> Figures are rendered as percents, indicating the share of the total budget spent per category.
  
In 2011, Nevada borrowed about $773 million from the federal government to pay jobless benefits. The interest payments on the loans would come from the state's general fund.<ref>[http://www.nevadanewsbureau.com/2011/10/04/nevada-fares-well-in-50-state-budget-comparison-but-still-faces-fiscal-challenges/ The Nevada News Bureau Oct. 4, 2011]</ref>
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{| class="wikitable" style="text-align:center; width:65%;"
 +
! colspan="8" align="center" style="background-color:#008000; color: white;" | Expenditures from 2008 to 2012 (as percents)
 +
|-
 +
! valign="bottom" style="background-color:#444; color: white;" | Year
 +
! valign="bottom" style="background-color:#444; color: white;" | Elementary and secondary ed.
 +
! valign="bottom" style="background-color:#444; color: white;" | Higher ed.
 +
! valign="bottom" style="background-color:#444; color: white;" | Public assistance
 +
! valign="bottom" style="background-color:#444; color: white;" | Medicaid
 +
! valign="bottom" style="background-color:#444; color: white;" | Corrections
 +
! valign="bottom" style="background-color:#444; color: white;" | Transportation
 +
! valign="bottom" style="background-color:#444; color: white;" | Other
 +
|-
 +
|2012 || 23.6% || 9.7% || 3.2% || 25.4% || 3.8% || 9.5% || 24.9%
 +
|-
 +
|2011 || 21.5% || 10.0% || 0.7% || 18.3% || 3.5% || 9.5% || 36.5%
 +
|-
 +
|2010 || 21.5% || 10.8% || 0.7% || 18.3% || 3.9% || 11.4% || 33.5%
 +
|-
 +
|2009 || 20.6% || 9.6% || 0.7% || 14.7% || 5.2% || 16.5% || 32.6%
 +
|-
 +
|2008 || 16.6% || 11.0% || 0.6% || 12.3% || 4.2% || 11.4% || 44.0%
 +
|-
 +
|style="background-color:black; color:white"|'''Change in %'''
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| style="background-color:black; color:white" align="center"|'''7.00%''' || align="center" style="background-color:black; color:white"|'''-1.30%'''|| align="center" style="background-color:black; color:white"| '''2.60%''' || align="center" style="background-color:black; color:white"|'''13.10%''' ||align="center" style="background-color:black; color:white"| '''-0.40%''' || align="center" style="background-color:black; color:white"|'''-1.90%''' || align="center" style="background-color:black; color:white"|'''-19.10%'''
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|-
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|align="left" colspan="8" | <small>'''Source:''' [http://www.nasbo.org/ National Association of State Budget Officers]</small>
 +
|}
  
'''Interim Funding'''
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==Revenues==
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===2013 revenues===
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[[File:Nevada GF revenues 2013.png|right|400px|thumb|Breakdown of general fund revenue sources in FY 2013.<small><br>'''Source:''' [http://www.nasbo.org/ National Association of State Budget Officers]</small>]]
 +
The table below breaks down general fund revenues by source in fiscal year 2013 (comparable figures from surrounding states are also provided to give additional context).<ref name=expenditures2013>[http://www.nasbo.org/sites/default/files/State%20Expenditure%20Report.pdf ''National Association of State Budget Officers'', "State Expenditure Report, 2011-2013," accessed February 21, 2014]</ref> Figures for all columns except "Per capita revenue" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). Figures in the column labeled "Per capita revenue" have not been abbreviated.
  
At the end of August 2011, the Interim Finance Committee, which functions within the Legislative Counsel Bureau between sessions and administers a contingency fund, met and approved more than 100 requests for funds from nearly every state agency. Interim Finance Committee members expressed concern that issues before the committee in August should had been previously resolved during the budgeting process.<ref>[http://www.nevadanewsbureau.com/2011/08/31/lawmakers-state-agencies-argue-over-budget-compliance/ Nevada News Bureau "Lawmakers, State Agencies Argue Over Budget Compliance" Aug. 31, 2011]</ref>
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{| class="wikitable" style="text-align:center; width:55%;"
 +
! colspan="8" align="center" style="background-color:#008000; color: white;" | Revenue sources in the general fund, FY 2013 ($ in millions)<ref name=expenditures2013/>
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|-
 +
! valign="bottom" style="background-color:#444; color: white;" | State
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! valign="bottom" style="background-color:#444; color: white;" | Sales tax
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! valign="bottom" style="background-color:#444; color: white;" | Personal income tax
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! valign="bottom" style="background-color:#444; color: white;" | Corporate income tax
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! valign="bottom" style="background-color:#444; color: white;" | Gaming tax
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! valign="bottom" style="background-color:#444; color: white;" | Other taxes and fees
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! valign="bottom" style="background-color:#444; color: white;" | Total
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! valign="bottom" style="background-color:#444; color: white;" | Per capita revenue**
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|-
 +
|'''Nevada''' || '''$919''' || '''$0''' || '''$0''' || '''$705''' || '''$1,463''' || '''$3,087''' || '''$1,106.40'''
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|-
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|[[California state budget|California]] || $20,240 || $63,901 || $7,509 || $1 || $6,544 || $98,195 || $2,561.66
 +
|-
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|[[Oregon state budget|Oregon]] || $0 || $6,300 || $500 || $0 || $496 || $7,296 || $1,856.46
 +
|-
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|[[Washington state budget|Washington]] || $7,656 || $0 || $0 || $0 || $8,116 || $15,772 || $2,262.38
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|-
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| align="left" colspan="8" | <small>**Per capita figures are calculated by taking the state's total revenues and dividing by the number of state residents according to United States Census estimates for 2013.<ref name=2013census>[http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?src=bkmk ''United States Census Bureau'', "Annual Estimates of the Resident Population: April 1, 2010 to July 1, 2013," accessed February 26, 2014]</ref><br>'''Source:''' [http://www.nasbo.org/ National Association of State Budget Officers]</small>
 +
|}
  
'''Revenue'''
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===Revenue trends===
 +
The table below details the change in revenue sources in the general fund from 2009 to 2013.<ref name=expenditures2013/><ref name=expenditures2011/> Figures for all columns except "Per capita revenue" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). Figures in the column labeled "Per capita revenue" have not been abbreviated.
  
In FY2012, the state transferred $97.4 million from the Unclaimed Property Division to the general fund, the largest such transfer from the Unclaimed Property Division in state history. Property that was unclaimed for three years was transferred to the general fund.<ref>[http://carsonnow.org/xfeed/08/08/2012/state-treasurer-announces-record-year-unclaimed-property-returns-owners CarsonNow.com "State Treasurer Announces Record Year For Unclaimed Property Returns To Owners" Aug. 8, 2012]</ref>
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{| class="wikitable" style="text-align:center; width:65%;"
 +
! colspan="8" align="center" style="background-color:#008000; color: white;" | Revenue sources in the general fund, Nevada ($ in millions)<ref name=expenditures2013/><ref name=expenditures2011>[http://www.nasbo.org/sites/default/files/2010%20State%20Expenditure%20Report_0.pdf ''National Association of State Budget Officers'', "State Expenditure Report, 2009-2011," accessed February 24, 2014]</ref>
 +
|-
 +
! valign="bottom" style="background-color:#444; color: white;" | Year
 +
! valign="bottom" style="background-color:#444; color: white;" | Sales tax
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! valign="bottom" style="background-color:#444; color: white;" | Personal income tax
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! valign="bottom" style="background-color:#444; color: white;" | Corporate income tax
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! valign="bottom" style="background-color:#444; color: white;" | Gaming tax
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! valign="bottom" style="background-color:#444; color: white;" | Other taxes and fees
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! valign="bottom" style="background-color:#444; color: white;" | Total
 +
! valign="bottom" style="background-color:#444; color: white;" | Per capita revenue**
 +
|-
 +
|2013 || $919 || $0 || $0 || $705 || $1,463 || $3,087 || $1,106.40
 +
|-
 +
|2012 || $876 || $0 || $0 || $686 || $1,520 || $3,082 || $1,118.96
 +
|-
 +
|2011 || $826 || $0 || $0 || $684 || $1,665 || $3,175 || $1,168.16
 +
|-
 +
|2010 || $784 || $0 || $0 || $668 || $1,555 || $3,007 || $1,112.37
 +
|-
 +
|2009 || $860 || $0 || $0 || $692 || $1,188 || $2,739 || $1,036.29
 +
|-
 +
|style="background-color:black; color:white"|'''Change in %'''
 +
| style="background-color:black; color:white" align="center"|'''6.86%''' || align="center" style="background-color:black; color:white"|'''N/A'''|| align="center" style="background-color:black; color:white"| '''N/A''' || align="center" style="background-color:black; color:white"|'''1.88%''' ||align="center" style="background-color:black; color:white"| '''23.15%''' || align="center" style="background-color:black; color:white"|'''12.71%''' || align="center" style="background-color:black; color:white"|'''6.77%'''
 +
|-
 +
|align="left" colspan="8" | <small>**Per capita figures are calculated by taking the state's total revenues and dividing by the number of state residents according to United States Census estimates.<ref name=2013census/><ref name=2009census>[https://www.census.gov/popest/data/historical/2000s/vintage_2009/index.html ''United States Census Bureau'', "Vintage 2009: Annual Population Estimates," accessed February 26, 2014]</ref><br>'''Source:''' [http://www.nasbo.org/ National Association of State Budget Officers]</small>
 +
|}
  
The state faces loss of revenue for a myriad of reasons, including:<ref name=grim/>
+
==State budgets by year==
*Tax revenues coming in far below the levels seen in prior boom years;
+
{{See budget bill|Link=[http://www.leg.state.nv.us/Division/fiscal/FISBU210/BASN210_2013-15/BASN210_2013-15_TABLE_OF_CONTENTS.pdf Legislatively Approved Budget 2013-2015]}}
*loss of one-time federal stimulus funds;
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===Biennium 2014-2015===
*The expiration on June 30, 2011, of approximately $1 billion in temporary tax increases approved by the 2009 Legislature;
+
{{Budget bill box
*End of employee furloughs and restoration of employee benefits that were cut in 2009 to balance the current budget, which together would cost about $500 million
+
|State = Nevada
 +
|Year = 2014
 +
|Link =http://openstates.org/nv/bills/77/SB475/ SB 475 (This is one of five major budget bills that comprise the 2014-2015 biennium budget)
 +
|Introduced =March 25, 2013
 +
|Days =  
 +
|State House =June 3, 2013
 +
|Vote lower house =35-6-1
 +
|State Senate =June 3, 2013
 +
|Vote upper house =17-3-1
 +
|Conference =
 +
|Conference upper house vote =
 +
|Conference lower house vote =
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|Governor = [[Brian Sandoval]]
 +
|Signed =June 12, 2013
 +
|Vetoed =
 +
}}
  
State Budget Director Andrew Clinger said that the state would be $1 billion short, but that figure did not include the $1.1 billion in lost stimulus funds or $200 million in additional Medicaid costs. The total requests from agencies — yes, they can be pared — put the shortfall before any cuts or furloughs at $3 billion.<Ref>[http://www.lasvegassun.com/news/2010/nov/17/numbers-tell-state-budgets-back-story/ The Las Vegas Sun "Numbers tell state budget’s back story" Nov. 17, 2010]</ref>
+
The [[Nevada State Legislature]] approved a $6.6 billion budget for the 2014-2015 biennium. The budget included most of the recommendations submitted by [[Governor of Nevada|Governor]] [[Brian Sandoval]], such as adding money for public schools and early development learning and restoring a 2.5 percent state employee pay cut. It was the first increase in funding for schools since the 2009 recession.<ref name=2014budget>[http://elkodaily.com/news/legislature-approves-b-nevada-budget/article_91812b44-cd8f-11e2-8b20-0019bb2963f4.html ''Elko Daily Free Press'', "Legislature approves $6.6B Nevada budget," June 5, 2013]</ref>
  
Gov. Sandoval said that his fiscal priorities were human services and education.<reF name=share>[http://www.bloomberg.com/news/2010-12-30/nevada-gov-elect-agencies-must-share-pain-of-cuts.html Bloomberg "Nevada gov-elect: Agencies must share pain of cuts" Dec. 30, 2010]</ref>  He said he would take a salary cut as part of the "shared sacrifice" necessitated by the state's fiscal condition.<ref name=share/>  In addition to cutting his own pay, he said that he wants state workers to give up 5% of their pay.<ref>[http://money.cnn.com/2011/01/27/news/economy/state_employee_layoffs/ CNNMoney.com "Governors put state jobs on the chopping block" Jan. 27, 2011]</ref>  The governor suffered a blow when a Nevada State Supreme Court ruling raised legal issues on some funding tactics totaling about $656 million, which threw the budget process into chaos.   The ruling opposed lifting the sunsets on the taxes, which the governor had relied on to avoid new taxes. The court found that it was unconstitutional for the state to sweep $62 million from a southern Nevada clean water fund in 2010 to help pad revenues and close an $805 million deficit. While the decision focused on that money grab, it called into question Sandoval's plan to take school bond reserve accounts and some property taxes from Clark and Washoe counties to help balance his budget.<ref name=forbes>[http://www.forbes.com/feeds/ap/2011/05/31/business-us-nevada-budget-nevada_8492107.html Forbes "Governor, lawmakers huddling over Nevada budget" May 31, 2011]</ref>
+
The approved budget was comprised of five major budget bills. Outside of education funding, the general appropriations bill laid out $4 billion for the General Fund for the biennium, with $1.98 billion for the first year and $2.02 billion for the second.<ref name=2014budget/>
  
'''Education'''
+
===Biennium 2012-2013===
 +
::''See also: [[Nevada state budget (2012-2013)]]
  
The governor proposes cutting education spending by $200 million, approximately 9%.  All of the Assembly's Republicans backed the governor's proposed $2.2 billion public school spending plan, while all Democrats oppose the plan.<Ref>[http://www.lvrj.com/news/party-line-vote-on-governor-s-school-budget-is-no-surprise-120261024.html The Las Vegas Review Journal "Parties deliberate proposed cuts to state's schools" April 19, 2011]</ref>
+
===Biennium 2010-2011===
 +
::''See also: [[Nevada state budget (2010-2011)]]
  
On May 16, 2011, the governor vetoed Assembly Bill 568, the bill funding K-12 education for 2011-13, because of the funding Democrats added back into those budgets.<Ref>[http://www.nevadaappeal.com/article/20110517/NEWS/110519681/1006&parentprofile=1058 The Nevada Appeal "Sandoval vetoes bill adding money to K-12 education" May 17, 2011]</ref>  The funding added by Democrats increases state spending by nearly $660 million above the amount proposed in the Executive Budget and the governor said that the state would not had the funds to pay for the bill and all other government sevices if he had signed it.  Democrats did not had the votes needed to override the governor's veto, sending the budget battle back to square one with three weeks left in the 2011 session that ends June 6.<ref>[http://www.ktvn.com/story/14655709/go KTVN.com "Governor Sandoval Vetoes K-12 Funding Bill" May 16, 2011]</ref><ref>[http://www.leg.state.nv.us/Session/76th2011/Reports/history.cfm?billname=AB568 Assembly Bill 568]</ref>
+
==Historical spending==
 +
State budget historical spending below was compiled by the [[National Association of State Budget Officers]]. Figures reflect the reported "Total Expenditures" in Table 1. Figures for all columns are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000).<ref name=expenditures2013/><ref name=expenditures2012/>
 +
{{State budget historical spending
 +
|State=Nevada
 +
|totalbudgets= 3
 +
|2011-2012genfund=3062
 +
|2011-2012otherfund=1978
 +
|2011-2012fedfund=2554
 +
|2011-2012bonds=29
 +
|2011-2012budgettotal=7623
 +
|2010-2011genfund=3175
 +
|2010-2011otherfund=2631
 +
|2010-2011fedfund=2642
 +
|2010-2011bonds=78
 +
|2010-2011budgettotal=8526
 +
|2009-2010genfund=3018
 +
|2009-2010otherfund=2365
 +
|2009-2010fedfund=2792
 +
|2009-2010bonds=109
 +
|2009-2010budgettotal=8284
 +
}}
  
===Agency budget requests===
+
==State debt==
State agencies submitted their budget requests for the coming biennium in October 2010 and they totalled $8.3 billion, almost $2 billion more than the general fund budget approved by the 2009 Legislature.<ref name=agencies>[http://www.nevadaappeal.com/article/20101016/NEWS/101019701/1001&parentprofile=1058 The Nevada Appeal "State agencies ask for $8.3B" Oct. 16, 2010]</ref>
+
According to a January 2014 report by the nonprofit organization [[State Budget Solutions]], Nevada had a state debt of over $52 billion. Its state debt per capita was $19,152. The report revealed that state governments faced a combined $5.1 trillion in debt, 33 percent of annual gross state product. The obligation amounts to $16,178 per capita in the nation. A bulk of the state debt -- 79 percent -- was linked to unfunded [[public pensions]].<ref>[http://www.statebudgetsolutions.org/publications/detail/state-budget-solutions-fourth-annual-state-debt-report ''State Budget Solutions'', "State Budget Solutions' Fourth Annual State Debt Report," January 8, 2014]</ref><ref>[http://washingtonexaminer.com/exography-unfunded-public-employee-pensions-are-driving-state-debts-skyward/article/2542548 ''Washington Examiner'', "EXography: Unfunded public employee pensions drive state debts skyward," January 21, 2014]</ref>
 +
{{State debt box
 +
|State = Nevada
 +
|totaldebt=$52,838,629,000
 +
|totaldebtrank=27
 +
|percapdebt=$19,152
 +
|percapdebtrank=13
 +
|expenditures =$5,040,000,000
 +
|expendituresrank =1
 +
}}
  
Public schools requested a 32% increase, upping their share of the total general fund from $2.5 billion this budget cycle to $3.3 billion, as the university system seeks a 25% increase from $954 million to $1.19 billion.  Health and Human Services requested that their budget increase from $1.8 billion to $2.4 billion, an increase of 32.75%.<ref name=agencies/>
+
===Public pensions===
 +
::''See also: [[Nevada public pensions]] and [[Nevada public employee salaries]]''
  
===Revenues===
+
A 2012 report from the Pew Center on the States noted that [[Nevada public pensions|Nevada's pension system]] was funded at 70 percent at the close of fiscal year 2010, below the 80 precent funding level experts recommend. Consequently, Pew designated the state's pension system as cause for "serious concern."<ref name=nevadapew/>
  
Any tax increase or continuation would require a two-thirds vote in each house of the Legislature.<ref name=grim/>
+
Taken together, the funding ratio for the state's pension systems decreased from 77.30 percent in fiscal year 2007 to 70.97 percent in fiscal year 2012, a 6.33 percent drop. Likewise, unfunded liabilities increased from approximately $6.3 billion in fiscal year 2007 to $11.2 billion in fiscal year 2012.  
  
General Fund revenue collections were $37.99 million ahead of the forecasts used to build the state budget, according to reports presented to the Economic Forum on Dec. 13, 2011.<ref>[http://www.nevadaappeal.com/article/20111214/NEWS/111219903/1006&parentprofile=1058 Nevada Appeal "Nevada was $38M in black" Dec. 14, 2011]</ref>
+
===Credit ratings===
 +
States sometimes sell general obligation bonds to investors in order to finance large-scale undertakings (e.g., road construction and other public works projects). Credit rating agencies, such as Standard and Poor's, assign grades to states, evaluating their ability to pay the principal and interest on such bonds. Standard and Poor's grades range from AAA, the highest available, to BBB, the lowest. Generally speaking, a higher credit ranking indicates lower risk for an investor, which in turn lowers costs for taxpayers.<ref name=credit>[http://www.pewstates.org/projects/stateline/headlines/infographic-sp-state-credit-ratings-20012012-85899404785 ''Stateline: The Daily News Service of The Pew Charitable Trusts'', "Infographic: S&P State Credit Ratings, 2001-2012," July 13, 2012]</ref>
  
===Board of Regents===
+
The table below lists the Standard and Poor's credit ranking for Nevada from 2001 to 2012 (grades from surrounding states are provided for additional context).<ref name=credit/>
The Nevada Board of Regents adopted its 2011-13 operating budget without the 10% budget cuts requested by the governor.  The Board did, however, promise to make the necessary cuts once lawmakers determine set amount to be cut.<ref>[http://www.rgj.com/article/20100827/NEWS/100827023/-1/CARSON/Nevada-regents-adopt-budget-without-governor-s-10-percent-cut-request The Reno Gazette Journal "Nevada regents adopt budget without governor's 10 percent cut request" Aug. 27, 2010]</ref>
+
  
===Collective Bargaining===
+
{| class="wikitable" style="text-align:center; width:55%;"
Gov. Sandoval said that he did not support a bill to eliminate collective bargaining in local government as proposed by his predecessor Gov. Jim Gibbons.<ref>[http://www.lasvegassun.com/news/2011/feb/04/sandoval-wont-push-collective-bargaining-proposal/ The Las Vegas Sun "Sandoval won’t push bill to eliminate collective bargaining" Feb. 4, 2011]</ref>
+
! colspan="6" align="center" style="background-color:#008000; color: white;" | S&P credit ratings from 2001 to 2012
 
+
|-
==Budget transparency==
+
! valign="bottom" style="background-color:#444; color: white;" |
Nevada Open Government was the website which hosts the state's searchable online database of financial data.  The site was created by Governor Jim Gibbons's [http://gov.state.nv.us/EO/2008/EO-2008-03-18_NevadaOpenGovernment.pdf executive order,] and became functional on January 15th, 2009.
+
! valign="bottom" style="background-color:#444; color: white;" | '''Nevada'''
 
+
! valign="bottom" style="background-color:#444; color: white;" | California
===Government tools===
+
! valign="bottom" style="background-color:#444; color: white;" | Oregon
'''Nevada Open Government''' was a Website where records of Nevada state spending were made available. The site provides line item expenditures navigable by fiscal year and agency. Budget documents were also available.
+
! valign="bottom" style="background-color:#444; color: white;" | Washington
 
+
|-
The following table is helpful in evaluating the level of transparency provided by a state spending database:
+
| 2012 || AA || A- || AA+ || AA+
 
+
|-
{|style="width:100%" class=wikitable
+
| 2011 || AA || A- || AA+ || AA+
|+ '''Criteria for evaluating spending databases'''
+
|-
!State Database!![[Criteria for evaluating databases|Searchability]]!![[Criteria for evaluating databases|Grants]]!![[Criteria for evaluating databases|Contracts]]!![[Criteria for evaluating databases|Line Item Expenditures]]!![[Criteria for evaluating databases|Dept/Agency Budgets]]!![[Criteria for evaluating databases|Public Employee Salary]]
+
| 2010 || AA+ || A- || AA || AA+
 +
|-
 +
| 2009 || AA+ || A || AA || AA+
 +
|-
 +
| 2008 || AA+ || A+ || AA || AA+
 +
|-
 +
| 2007 || AA+ || A+ || AA || AA+
 +
|-
 +
| 2006 || AA+ || A+ || AA- || AA
 +
|-
 +
| 2005 || AA || A || AA- || AA
 +
|-
 +
| 2004 || AA || A || AA- || AA
 +
|-
 +
| 2003 || AA || BBB || AA- || AA+
 +
|-
 +
| 2002 || AA || A || AA || AA+
 +
|-
 +
| 2001 || AA || A+ || AA || AA+
 
|-
 
|-
|align=center|[[Nevada state budget|Nevada Open Government]]||{{yes}}||{{No (Sunshine Review)}}||{{No (Sunshine Review)}}||{{Yes (Sunshine Review)}}||{{Yes (Sunshine Review)}}||{{No (Sunshine Review)}}
 
 
|}
 
|}
:: ''See also: [[Evaluation of Nevada state website]]''
 
====Limitations and Suggestions====
 
The site lacks information on grants, contracts, and state employee salaries.
 
 
===[[Independent transparency sites]]===
 
The [[Nevada Policy Research Institute]] developed its own transparency website, TransparentNevada.com.<ref>[http://www.npri.org/docLib/20080908_NPRI_Press_Release_090808.pdf ''New Transparency Website Launched'', Nevada Policy Research Institute, September 8, 2008]</ref>  This site would focus primarily on local transparency, complementing the state's site, which focuses primarily on state spending transparency.
 
===[[Public employee salary|Public employee salary information]]===
 
::See also: ''[[Nebraska state government salary]]''
 
 
  
===Multi-Measure Budget Transparency Profile===
+
==Federal aid to state budget==
 +
::''See also: [[Federal aid to budgets in the 50 states]]''
 +
The chart below notes how much of the state’s general revenues come from the federal government. Figures were calculated by dividing each state’s federal intergovernmental revenue into its general revenue. The number in the rightmost column indicates the state's ranking in relation to the rest of the nation (e.g., if "1," the state receives the highest percentage of federal funding in the nation). Figures from neighboring states are included to provide additional context.<ref name=federalaid>[http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?pid=COG_2012_FIN009&prodType=table ''United States Census Bureau'', "State Government Finances: 2012," accessed February 24, 2014]</ref>
  
The Institute of Government and Public Affairs at the University of Illinois created a multi-measure transparency profile for Nevada, which measured state transparency as of September 2011 using indicators from a range of organizations. These indicators measure both website transparency and other recognized facets of governmental transparency. In addition, IGPA presents four unique indicators of non-transparency based on the observation that transfers or reassignments between general and special funds can obscure the true fiscal condition of a state.<ref>[http://igpa.uillinois.edu/ Institute of Government and Public Affairs]</ref><ref> [http://igpa.uillinois.edu/system/files/Nevada_Profile_IGPA_093011.pdf University of Illinois Transparency Profile for Nevada]</ref>
+
State governments receive aid from the federal government to fund a variety of joint programs, such as Medicaid. Federal aid varies considerably from state to state. For example, [[Mississippi state budget#Federal aid to state budget|Mississippi]] received approximately $7.7 billion in federal aid in 2012, which accounted for more than 45 percent of the state's general revenues. By contrast, [[Alaska state budget#Federal aid to state budget|Alaska]] received roughly $2.9 billion in federal aid in 2012, just under 20 percent of the state's general revenues.<ref name=federalaid/>
  
In addition to the individual state profile, IGPA offers a 50-state comparison and profiles for other states.<ref>[ [http://igpa.uillinois.edu/system/files/50_States_Transparency_Profiles.pdf University of Illinois 50 State Transparency Comparison]</ref><ref>[http://igpa.uillinois.edu/content/state-transparency-profiles University of Illinois State Transparency Profiles]</ref>
+
{| class="wikitable" style="text-align:center; width:50%;"
===U.S. PIRG "Following the Money" report===
+
! colspan="4" align="center" style="background-color:#008000; color: white;" | Federal aid to state budgets in 2012
{{Following the Money 2014 Report by State|State=Nevada|Grade=D-|Score=52|Level=lagging}}
+
 
+
==Budget background==
+
[[Nevada_Constitution|Nevada’s Constitution]] requires that the state have a balanced budget and not deficit spend. Individual state agencies submit their budget requests along with past expenditures and revenue to the Governor who proceeds to issue a budget recommendation for the upcoming fiscal year to the [[Nevada_Legislature|Legislature]]. Both the [[Nevada_Assembly|State Assembly]] and the [[Nevada_Senate|Senate]] were required to make any necessary changes or adjustments to the budget until the bill was passed in both houses.<ref name="BudgetProcess">[http://budget.state.nv.us/Bud101Man/budget_101_manual_5th_ed_R4.pdf ''State of Nevada'',"Introduction to State Budgeting," October 2007]</ref>
+
 
+
Regular sessions of the Legislature begin the first Monday in February of odd-numbered years. Nevada was one of only six states that had true biennial sessions. From 1961 through 1997, the length of legislative sessions in Nevada depended upon the time required to process proposed legislation, review the spending proposals of state agencies, and adopt a biennial state budget. Some sessions lasted as long as 169 days. At the 1998 General Election, Nevada voters approved a constitutional amendment limiting future regular biennial sessions to 120 days. The amendment also requires the governor to submit the executive budget to the Legislature two weeks before the start of session.<ref>[http://www.leg.state.nv.us/General/General_Short.cfm ''Nevada State Legislature Web site'', retrieved October 31, 2009]</ref> Bills that had a tax or fee increase require a 2/3 majority vote (14 in the Senate and 28 in Assembly) to pass.<ref>[http://www.leg.state.nv.us/lcb/research/Publications/LegManual/2009/AppC.pdf ''Nevada Legislative Counsel Bureau Research Division'', "Nevada State 2009 Legislative Manual," February 13, 2009]</ref>
+
 
+
*The General Fund was a significant source of revenue for the state, accounting for 37 percent of total projected revenue. Federal funds account for almost one quarter, 21 percent, of the state’s projected revenues. Other revenue encompasses a variety of items from private gifts and donations to various fees, assessments, and taxes.<ref name="BudgetProcess"/>
+
 
+
====2009-11 Budget Expenditures====
+
Statewide Revenue Summary by Funding Source 2009-11<Ref>[http://open.nv.gov/OpenGov/ViewBudgetSummary.aep?amountView=Total&budgetPeriod=4&version=Leg&type=Rev&view=ObjectType Revenue Summary]</ref>
+
{|class=wikitable
+
!Funding Source
+
!Amount
+
!% of Total
+
 
|-
 
|-
|General Fund||$6,688,355,551||19.14%
+
! valign="bottom" style="background-color:#444; color: white;" | State
 +
! valign="bottom" style="background-color:#444; color: white;" | Federal aid as % of general revenue
 +
! valign="bottom" style="background-color:#444; color: white;" | Total federal aid
 +
! valign="bottom" style="background-color:#444; color: white;" | National rank
 
|-
 
|-
|Federal Fund||$6,643,352,995 ||19.01%
+
| '''Nevada''' || '''25.48%''' || '''$2,798,426,000''' || '''44'''
 
|-
 
|-
|Other Fund||$10,157,969,106||29.07%
+
| [[California state budget|California]] || 27.17% || $54,145,284,000 || 40
 
|-
 
|-
|Inter-Agency Transfer||$2,590,510,047||7.41%
+
| [[Oregon state budget|Oregon]] || 36.09% || $7,830,552,000 || 12
 
|-
 
|-
|Balance Forward||$7,970,215,361||22.81%
+
| [[Washington state budget|Washington]] || 28.59% || $9,743,127,000 || 37
 
|-
 
|-
|Highway Fund||$887,853,223||2.54%
+
|}
 +
 +
===Stimulus===
 +
Nevada received $2.35 billion in federal stimulus funding from the American Recovery and Reinvestment Act between February 2009 and June 2013.<ref>[http://www.recovery.gov/Pages/default.aspx ''Recovery'', "Stimulus Spending by State"]</ref>
 +
 
 +
==Budget transparency==
 +
{| class="wikitable" style="float:right; margin:1em 1em 1em 1em; text-align:center; width:15%;"
 +
! colspan="2" align="center" style="background-color:#008000; color: white;" | Transparency evaluation
 
|-
 
|-
|Reversions||$0||0.00%
+
! valign="bottom" style="background-color:#444; color: white;" |
 +
! valign="bottom" style="background-color:#444; color: white;" | Nevada Open Government
 
|-
 
|-
|Interim Finance||$7,602,608||0.02%
+
|[[Criteria for evaluating databases|Searchability]] || {{Yes (Sunshine Review)}}
 
|-
 
|-
|'''Total'''||'''$34,945,858,891''' ||'''100.00%'''
+
|[[Criteria for evaluating databases|Grants]] || {{No (Sunshine Review)}}
 +
|-
 +
|[[Criteria for evaluating databases|Contracts]] || {{No (Sunshine Review)}}
 +
|-
 +
|[[Criteria for evaluating databases|Line item expenditures]] || {{Yes (Sunshine Review)}}
 +
|-
 +
|[[Criteria for evaluating databases|Dept./agency budgets]] || {{Yes (Sunshine Review)}}
 +
|-
 +
|[[Criteria for evaluating databases|Public employee salaries]] || {{No (Sunshine Review)}}
 +
|-
 +
|colspan="2"|<small>Last evaluated in 2009.</small>
 
|}
 
|}
 +
::''See also: [[Evaluation of Nevada state website]] and [[Constitutional provisions regarding reading of bills]]''
 +
 +
Nevada Open Government hosts the state's searchable online database of financial data. The site was created by [[Governor of Nevada|Governor]] [[Jim Gibbons|Jim Gibbons's]] [http://gov.state.nv.us/EO/2008/EO-2008-03-18_NevadaOpenGovernment.pdf executive order] and became functional on January 15, 2009.
 +
 +
===Government tools===
 +
The Nevada Open Government website provides line item expenditures navigable by fiscal year and agency. Budget documents are also available.
 +
 +
The table to the right is helpful in evaluating the level of transparency provided by [http://open.nv.gov/ Nevada Open Government].
 +
 +
====Limitations and Suggestions====
 +
The site lacks information on grants, contracts, and state employee salaries.
 +
 +
===Independent transparency sites===
 +
The [[Nevada Policy Research Institute]] developed its own [[Independent transparency sites|transparency website]], [http://transparentnevada.com/ TransparentNevada.com].<ref>[http://www.npri.org/docLib/20080908_NPRI_Press_Release_090808.pdf ''Nevada Policy Research Institute'', "New Transparency Website Launched," September 8, 2008]</ref> This site focused primarily on local transparency, complementing the state's site, which focuses primarily on state spending transparency.
 +
 +
===Multi-measure budget transparency profile===
 +
The Institute of Government and Public Affairs at the University of Nevada created a multi-measure transparency profile for Nevada, which measured state transparency as of September 2011 using indicators from a range of organizations.  These indicators measured both website transparency and other recognized facets of governmental transparency.  In addition, IGPA presented four unique indicators of non-transparency based on the observation that transfers or reassignments between general and special funds can obscure the true fiscal condition of a state.<ref>[http://igpa.uillinois.edu/ ''Institute of Government and Public Affairs at University of Nevada'', "Home page," accessed February 21, 2014]</ref><ref name=allstates>[http://igpa.uillinois.edu/system/files/50_States_Transparency_Profiles.pdf ''Institute of Government and Public Affairs at University of Nevada'', "Budget Transparency Profiles - All 50 States," September 2011]</ref>
 +
 +
IGPA devised a budget transparency index based on information available from the National Association of State Budget Officers. Nevada tied for 20th in the nation with 12 other states, earning five out of eight possible points.<ref name=allstates/>
  
Statewide Expenditure Summary by Function 2009-11<Ref>[http://open.nv.gov/OpenGov/ViewBudgetSummary.aep Nevada Open Government Spending Summary]</ref>
+
{| class="wikitable" style="text-align:center; width:55%;"
{|Class=wikitable
+
! colspan="2" align="center" style="background-color:#008000; color: white;" | Nevada - IGPA score for budget process, contents and disclosure
!Function Area
+
!Amount
+
!% of Total Budget
+
 
|-
 
|-
|Human Services||$6,414,342,878||18.36%
+
! valign="bottom" style="background-color:#444; color: white;" | Budget transparency indicator
 +
! valign="bottom" style="background-color:#444; color: white;" | Yes or no?
 
|-
 
|-
|Education||$5,952,617,984||17.02%
+
| Performance measures || {{Yes}}
 
|-
 
|-
|Infrastructure||$3,551,938,371||10.16%
+
| "Generally Accepted Accounting Principles" budget || {{no (Sunshine Review)}}
 
|-
 
|-
|Special Purpose Agencies||$1,478,944,640||4.23%
+
| Multi-year forecasting || {{Yes}}
 
|-
 
|-
|Public Safety||$1,548,060,504 ||4.43%
+
| Annual cycle || {{no (Sunshine Review)}}
 
|-
 
|-
|Elected Officials||$5,714,081,857 ||16.35%
+
| Binding revenue forecast || {{Yes}}
 
|-
 
|-
|Commerce & Industry||$7,964,932,549||22.79%
+
| Legislative revenue forecast || {{Yes}}
 
|-
 
|-
|Finance & Administration||$1,959,555,963||5.61%
+
| Non-partisan staff || {{Yes}}
 
|-
 
|-
|Judicial & Legislative||$361,384,145||1.03%
+
| Constitution or statutory tax/spend limitations || {{No (Sunshine Review)}}
 +
|-
 +
| '''TOTAL''' || '''5'''
 
|-
 
|-
|'''Total'''||'''34,945,858,891,'''||'''100.00%'''
 
 
|}
 
|}
 +
In addition to the individual state profile, IGPA offers a 50-state comparison and profiles for other states.<ref name=allstates/>
 +
 +
===U.S. PIRG "Following the Money" report===
 +
{{Following the Money 2014 Report by State|State=Nevada|Grade=D-|Score=52|Level=lagging}}
  
 
==Accounting principles==
 
==Accounting principles==
::''See also:[[Nevada government accounting principles]]''
+
::''See also: [[Nevada government accounting principles]]''
The [[Nevada Legislative Auditor]] audits Nevada's state agencies and publishes audit reports online. Paul Townsend was Legislative Auditor. The Legislative Auditor was a statutory officer appointed by the Director of the Legislative Counsel Bureau with the approval of the Legislative Commission for an indefinite term whose qualifications and duties were defined by law. The Legislative Auditor serves as staff to the Nevada Legislature and its various committees, and was the chief of the Audit Division.<ref>[http://www.leg.state.nv.us/lcb/audit/audit.cfm ''Nevada Legislative Audit Division Web site'', retrieved October 31, 2009]</ref><ref>[http://www.leg.state.nv.us/lcb/audit/Full/execfulllist.cfm audit reports]</ref>
+
 
 +
The [[Nevada Legislative Auditor]] audits Nevada's state agencies and publishes audit reports online. The Legislative Auditor is a statutory officer appointed by the Director of the Legislative Counsel Bureau with the approval of the Legislative Commission for an indefinite term whose qualifications and duties are defined by law. The Legislative Auditor serves as staff to the [[Nevada State Legislature]] and its various committees, and was the chief of the Audit Division.<ref>[http://www.leg.state.nv.us/lcb/audit/audit.cfm ''Nevada Legislative Audit Division Website'', accessed October 31, 2009]</ref>
  
The Institute for Truth in Accounting (IFTA) rated Nevada “Timely” in filing the state’s [[Comprehensive Annual Financial Report]] (CAFR) – The annual report of state and local governmental entities. IFTA rated 22 states timely, 22 states tardy, and 6 states as worst. IFTA did not consider Nevada's CAFRs, and those of the other states, to be accurate representations of the state’s financial condition because the Generally Accepted Accounting Principles (GAAP) basis did not include significant liabilities for the pension plans and for other post employment benefits, such as health care.<ref>[http://truthinaccounting.org/news/listing_article.asp?section=451&section2=451&CatID=3&ArticleSource=567 ''Institute for Truth in Accounting'', “The Truth About Balanced Budgets—A Fifty State Study,” Page 35]</ref> Nevada's CAFRs are prepared and published online by the [[Nevada Controller]]'s Office.<ref>[http://controller.nv.gov/CAFR_Download_Page.htm CAFRs]</ref>
+
The Institute for Truth in Accounting (IFTA) rated Nevada “timely” in filing the state’s [[Comprehensive Annual Financial Report]] (CAFR) – the annual report of state and local governmental entities. IFTA rated 22 states timely, 22 states tardy, and six states as worst. IFTA did not consider Nevada's CAFRs, and those of the other states, to be accurate representations of the state’s financial condition because the Generally Accepted Accounting Principles (GAAP) basis did not include significant liabilities for the pension plans and for other post employment benefits, such as health care.<ref>[http://truthinaccounting.org/news/listing_article.asp?section=451&section2=451&CatID=3&ArticleSource=567 ''Institute for Truth in Accounting'', “The Truth About Balanced Budgets—A Fifty State Study,” Page 35]</ref> Nevada's CAFRs are prepared and published online by the [[Nevada Controller]]'s Office. They can be found [http://controller.nv.gov/CAFR_Download_Page.htm here].
  
The Nevada State Controller is one of the six constitutional officers of the state and is elected to a term of four years. The Controller is the chief fiscal officer charged with administering the state accounting system and the state's debt collection program under the Nevada Constitution Article 5, Section 19.<ref>[http://controller.nv.gov/home.htm ''Nevada State Controller's Office Web site'', retrieved October 31, 2009]</ref>
+
The [[Nevada Controller]] is one of the six constitutional officers of the state and is elected to a term of four years. The Controller is the chief fiscal officer charged with administering the state accounting system and the state's debt collection program under the Nevada Constitution Article 5, Section 19.<ref>[http://controller.nv.gov/home.htm ''Nevada State Controller's Office Website'', accessed October 31, 2009]</ref>
 
===Credit Ratings===
 
===Credit Ratings===
 
{| {{table}}
 
{| {{table}}
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| align="center" style="background:#f0f0f0;"|'''S&P'''
 
| align="center" style="background:#f0f0f0;"|'''S&P'''
 
|-
 
|-
| Nevada<ref>[http://www.in.gov/ifa/files/StateCreditRatings.pdf ''State of Indiana'', “State Credit Ratings-as of June 24, 2009"]</ref>  ||AA+||Aa2||AA<ref>[http://www.pewstates.org/projects/stateline/headlines/infographic-sp-state-credit-ratings-20012012-85899404785 Pew Stateline Infographic on State Credit Ratings. Accessed September 27, 2013]</ref>
+
| Nevada<ref>[http://www.in.gov/ifa/files/StateCreditRatings.pdf ''State of Indiana'', “State Credit Ratings," June 24, 2009]</ref>  ||AA+||Aa2||AA<ref>[http://www.pewstates.org/projects/stateline/headlines/infographic-sp-state-credit-ratings-20012012-85899404785 ''Pew Stateline Infographic on State Credit Ratings'', accessed September 27, 2013]</ref>
 
|-
 
|-
 
|  
 
|  
 
|}
 
|}
Moody's downgraded the state from Aa1 to Aa2 in 2011, citing two-thirds supermajority required to raise taxes as a negative in Nevada.<ref>[http://www.nevadanewsbureau.com/2011/03/24/moodys-downgrades-nevadas-credit-rating/ Nevada News Bureau "Moody’s Downgrades Nevada’s Credit Rating" March 24, 2011]</ref>
+
Moody's downgraded the state from Aa1 to Aa2 in 2011, citing two-thirds supermajority required to raise taxes as a negative in Nevada.<ref>[http://www.nevadanewsbureau.com/2011/03/24/moodys-downgrades-nevadas-credit-rating/ ''Nevada News Bureau'', "Moody’s Downgrades Nevada’s Credit Rating," March 24, 2011]</ref>
 
+
==Stimulus==
+
Nevada received $2.35 billion in federal stimulus funding from the American Recovery and Reinvestment Act between February 2009 and June 2013.<ref>[http://www.recovery.gov/Pages/default.aspx ''Recovery'', "Stimulus Spending by State"]</ref> 
+
  
==Public Employees==
+
==Contact information==
::''See also: [[Nevada public employee salaries]] and [[Nevada public pensions]]''
+
Department of Administration Budget Division<br>
According to 2011 Census data, the state of Nevada employed a total of 131,356 people.<ref name=census>[http://www2.census.gov/govs/apes/11stlnv.txt 2011 Nevada Public Employment U.S. Census Data]</ref> Of those employees, 98,713 were full-time employees receiving a net pay of $499.4 million per month and 32,643 were part-time employees paid $44.4 million per month.<ref name=census/>  More than 52% of those employees, or 71,451 employees, were in education or higher education.<ref name=census/>
+
209 East Musser Street, Room 200<br>
 +
Carson City, Nevada 89701-4298<br>
 +
Phone: 775-684-0222<br>
 +
Fax: 775-684-0260
  
 
==See also==
 
==See also==
 
* [[Nevada government sector lobbying]]
 
* [[Nevada government sector lobbying]]
 
* [[Nevada public pensions]]
 
* [[Nevada public pensions]]
 +
* [[Governor of Nevada]]
 +
* [[Nevada State Legislature]]
 +
* [[Nevada State Senate]]
 +
* [[Nevada House of Representatives]]
 +
* [[Nevada Legislative Auditor]]
  
 
==External links==
 
==External links==
{{colbegin|3}}
 
 
*[http://www.statebudgetsolutions.org/state/detail/nevada State Budget Solutions, Nevada]
 
*[http://www.statebudgetsolutions.org/state/detail/nevada State Budget Solutions, Nevada]
 
*[http://www.npri.org/ Nevada Policy Research Institute]
 
*[http://www.npri.org/ Nevada Policy Research Institute]
 
*[http://www.transparentnevada.com/ TransparentNevada.com]
 
*[http://www.transparentnevada.com/ TransparentNevada.com]
 
*[http://www.nevadataxpayers.org/ Nevada Taxpayers Association]
 
*[http://www.nevadataxpayers.org/ Nevada Taxpayers Association]
*[http://www.nevadaopengovernment.com/ Nevada Open Government], official website
+
*[http://www.nevadaopengovernment.com/ Nevada Open Government]
*[http://budget.state.nv.us/ Nevada Division of Budget and Planning], Department of Administration
+
*[http://budget.state.nv.us/ Nevada Division of Budget and Planning]
*Model transparency legislation from the [[American Legislative Exchange Council]] was available [http://www.showmethespending.org/uploads/Taxpayer_Transparency_Act.pdf at this link.]
+
*[http://www.showmethespending.org/uploads/Taxpayer_Transparency_Act.pdf American Legislative Exchange Council]
{{colend (Sunshine Review)}}
+
  
==Additional reading==
+
===Additional reading===
* [http://gov.state.nv.us/PressReleases/2010/2010-02-16_SpecialSessionProcNewsConference.htm ''Gov. Jim Gibbons'',"Governor Presents Plan to Reduce Spending," February 16, 2001]
+
*[http://uspirg.org/reports/usp/following-money-2014 ''U.S. PIRG'', "Report: Transparent & Accountable Budgets," April 8, 2014]
*[http://budget.state.nv.us/general_fund/ ''State of Nevada'',"Major General Fund Revenues," April 7,2009]
+
*[http://www.nytimes.com/2014/02/03/us/battles-loom-in-many-states-over-what-to-do-with-budget-surpluses.html?hp&_r=0 ''The New York Times'', "Battles loom in many states over what to do with budget surpluses," February 3, 2014]
 +
*[http://www.cbpp.org/cms/index.cfm?fa=view&id=3067 ''Center on Budget and Policy Priorities'', "Policy Basics: The ABCs of State Budgets," February 7, 2013]
  
 
==References==
 
==References==
Line 229: Line 438:
 
{{Nevada}}
 
{{Nevada}}
  
[[Category:Nevada]][[Category:Budget information by state]]
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[[category:Nevada]]
 +
[[Category:Budget information by state]]

Revision as of 11:18, 24 April 2014

Nevada state budget

Flag of Nevada.png
Budget calendar:  Biennial
Current fiscal year:  2014-2015
State credit rating:  AA (as of May 2012)
Current governor:  Brian Sandoval
Financial figures
GF expenses[1]:  $3.2 billion
All funds expenses:  $8.9 billion (FY 2013 estimate)
Spending % change:  up[2]
% from federal funding:  25.48%
State debt:  $52,838,629,000
Per capita state debt:  $19,152
Other state budgets
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Policypedia Budget Policy-logo-no background.png
This page contains information about budget processes and policy issues in Nevada, including:
  • A summary of the budget drafting process
  • Trends in expenditures and revenues
  • Current and past fiscal year budget developments
  • Financial transparency measures

Between fiscal year 2009 and fiscal year 2013, Nevada's total expenditures increased by approximately $600 million, from $8.3 billion in 2009 to $8.9 billion in 2013. This represents a 6.7 percent increase, below the cumulative rate of inflation during the same period (9.06 percent, calculated using the Consumer Price Indices for January 2009 and January 2013).[3][4]

Budget process

The state operates on an biennial budget cycle that starts July 1 of each biennium. The sequence of key events in the budget process is as follows:[5][6]

  1. Budget instruction guidelines are sent to state agencies in January.
  2. Agencies submit their requests to the governor in August.
  3. Agency hearings are held in September and December.
  4. The governor submits the budget to the Nevada State Legislature in January.
  5. The legislature passes a budget in May or June. A simply majority is needed to pass a budget.

In Nevada, the governor has no veto authority over the budget.[6]

The governor is required by statute to submit a balanced budget. In turn, the legislature is constitutionally required to pass a balanced budget.[6]

Expenditures

Definitions

Although each state executes its budget process differently, the National Association of State Budget Officers (NASBO) breaks down state expenditures into four general categories. This allows for comparisons among the 50 states. NASBO's categories are as follows:[7]

  • General fund: "The predominant fund for financing a state’s operations. Revenues are received from broad-based state taxes. However, there are differences in how specific functions are financed from state to state."[7]
  • Other funds: "Expenditures from revenue sources that are restricted by law for particular governmental functions or activities. For example, a gasoline tax dedicated to a highway trust fund would appear in the “Other funds” column. For Medicaid, other state funds include provider taxes, fees, donations, assessments, and local funds."[7]
  • Federal funds: "Funds received directly from the federal government."[7]
  • Bonds: "Expenditures from the sale of bonds, generally for capital projects."[7]

2013 expenditures

Breakdown of expenditures in FY 2013.
Source: National Association of State Budget Officers

The table below breaks down expenditures for fiscal year 2013 (comparable figures from surrounding states are provided to give additional context).[7] Figures for all columns except "Per capita expenditures" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). Figures in the column labeled "Per capita expenditures" have not been abbreviated.

Total state expenditures, FY 2013 ($ in millions)[7]
State General fund Federal funds Other funds Bonds Total Per capita expenditures**
Nevada $3,179 $2,918 $2,769 $27 $8,893 $3,187.30
California $95,665 $81,299 $38,656 $12,261 $227,881 $5,944.85
Oregon $5,960 $7,452 $12,262 $132 $25,806 $6,566.30
Washington $15,633 $7,744 $7,809 $2,016 $33,202 $4,762.60
**Per capita figures are calculated by taking the state's total expenditures and dividing by the number of state residents according to United States Census estimates.[8][9]
Source: National Association of State Budget Officers

Expenditures by function

Breakdown of expenditures by function in FY 2012.
Source: National Association of State Budget Officers

State expenditures in Nevada can be further broken down by function (elementary and secondary education, public assistance, etc.). Fiscal year 2012 data is included in the table below (information from neighboring states is provided for additional context). Figures are rendered as percents, indicating the share of the total budget spent per category.

Expenditures by function, FY 2012 (as percents)[7]
State Elementary and secondary ed. Higher ed. Public assistance Medicaid Corrections Transportation Other
Nevada 23.6% 9.7% 3.2% 25.4% 3.8% 9.5% 24.9%
California 19.9% 7.0% 3.8% 21.6% 5.4% 6.3% 36.0%
Oregon 14.0% 2.5% 0.7% 18.2% 3.9% 6.7% 54.1%
Washington 22.9% 17.8% 1.0% 12.1% 2.7% 8.4% 35.1%
Source: National Association of State Budget Officers

Expenditure trends

From 2008 to 2012, expenditures on higher education, corrections and transportation decreased by less than two percent. During the same time period, expenditures on elementary and secondary education, public assistance and Medicaid increased by as much as 13.1 percent on Medicaid and as little as 2.6 percent on public assistance. The table below details changes in expenditures from 2008 to 2012.[7][10][11][12][13] Figures are rendered as percents, indicating the share of the total budget spent per category.

Expenditures from 2008 to 2012 (as percents)
Year Elementary and secondary ed. Higher ed. Public assistance Medicaid Corrections Transportation Other
2012 23.6% 9.7% 3.2% 25.4% 3.8% 9.5% 24.9%
2011 21.5% 10.0% 0.7% 18.3% 3.5% 9.5% 36.5%
2010 21.5% 10.8% 0.7% 18.3% 3.9% 11.4% 33.5%
2009 20.6% 9.6% 0.7% 14.7% 5.2% 16.5% 32.6%
2008 16.6% 11.0% 0.6% 12.3% 4.2% 11.4% 44.0%
Change in % 7.00% -1.30% 2.60% 13.10% -0.40% -1.90% -19.10%
Source: National Association of State Budget Officers

Revenues

2013 revenues

Breakdown of general fund revenue sources in FY 2013.
Source: National Association of State Budget Officers

The table below breaks down general fund revenues by source in fiscal year 2013 (comparable figures from surrounding states are also provided to give additional context).[7] Figures for all columns except "Per capita revenue" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). Figures in the column labeled "Per capita revenue" have not been abbreviated.

Revenue sources in the general fund, FY 2013 ($ in millions)[7]
State Sales tax Personal income tax Corporate income tax Gaming tax Other taxes and fees Total Per capita revenue**
Nevada $919 $0 $0 $705 $1,463 $3,087 $1,106.40
California $20,240 $63,901 $7,509 $1 $6,544 $98,195 $2,561.66
Oregon $0 $6,300 $500 $0 $496 $7,296 $1,856.46
Washington $7,656 $0 $0 $0 $8,116 $15,772 $2,262.38
**Per capita figures are calculated by taking the state's total revenues and dividing by the number of state residents according to United States Census estimates for 2013.[8]
Source: National Association of State Budget Officers

Revenue trends

The table below details the change in revenue sources in the general fund from 2009 to 2013.[7][10] Figures for all columns except "Per capita revenue" are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000). Figures in the column labeled "Per capita revenue" have not been abbreviated.

Revenue sources in the general fund, Nevada ($ in millions)[7][10]
Year Sales tax Personal income tax Corporate income tax Gaming tax Other taxes and fees Total Per capita revenue**
2013 $919 $0 $0 $705 $1,463 $3,087 $1,106.40
2012 $876 $0 $0 $686 $1,520 $3,082 $1,118.96
2011 $826 $0 $0 $684 $1,665 $3,175 $1,168.16
2010 $784 $0 $0 $668 $1,555 $3,007 $1,112.37
2009 $860 $0 $0 $692 $1,188 $2,739 $1,036.29
Change in % 6.86% N/A N/A 1.88% 23.15% 12.71% 6.77%
**Per capita figures are calculated by taking the state's total revenues and dividing by the number of state residents according to United States Census estimates.[8][9]
Source: National Association of State Budget Officers

State budgets by year

DocumentIcon.jpg See budget bill: Legislatively Approved Budget 2013-2015

Biennium 2014-2015

Nevada state budget -- 2014
Nevada State Legislature
Text:SB 475 (This is one of five major budget bills that comprise the 2014-2015 biennium budget)
Legislative history
Introduced:March 25, 2013
House:June 3, 2013
Vote (lower house):35-6-1
Senate:June 3, 2013
Vote (upper house):17-3-1
Governor:Brian Sandoval
Signed:June 12, 2013

The Nevada State Legislature approved a $6.6 billion budget for the 2014-2015 biennium. The budget included most of the recommendations submitted by Governor Brian Sandoval, such as adding money for public schools and early development learning and restoring a 2.5 percent state employee pay cut. It was the first increase in funding for schools since the 2009 recession.[14]

The approved budget was comprised of five major budget bills. Outside of education funding, the general appropriations bill laid out $4 billion for the General Fund for the biennium, with $1.98 billion for the first year and $2.02 billion for the second.[14]

Biennium 2012-2013

See also: Nevada state budget (2012-2013)

Biennium 2010-2011

See also: Nevada state budget (2010-2011)

Historical spending

State budget historical spending below was compiled by the National Association of State Budget Officers. Figures reflect the reported "Total Expenditures" in Table 1. Figures for all columns are rendered in millions of dollars (for example, $2,448 translates to $2,448,000,000).[7][11]

Historical state budget spending in Nevada ($ in millions)
Fiscal year General Fund Other funds Federal funds Bonds Budget totals
Total % of Budget Total % of Budget Total % of Budget Total % of Budget
2011-2012 $3,062 40.2% $1,978 25.9% $2,554 33.5% $29 0.4% $7,623
2010-2011 $3,175 37.2% $2,631 30.9% $2,642 31% $78 0.9% $8,526
2009-2010 $3,018 36.4% $2,365 28.5% $2,792 33.7% $109 1.3% $8,284
Averages: $3,085 38% $2,324.67 29% $2,662.67 33% $72 1% $8,144.33
General Fund: The predominant fund for financing a state’s operations. Revenues are received from broad-based state taxes. However, there are differences in how specific functions are financed from state to state.
Other funds: Expenditures from revenue sources that are restricted by law for particular governmental functions or activities. For example, a gasoline tax dedicated to a highway trust fund would appear in the “Other funds” column. For Medicaid, other state funds include provider taxes, fees, donations, assessments, and local funds.
Federal funds: Funds received directly from the federal government.
Bonds: Expenditures from the sale of bonds, generally for capital projects.

State debt

According to a January 2014 report by the nonprofit organization State Budget Solutions, Nevada had a state debt of over $52 billion. Its state debt per capita was $19,152. The report revealed that state governments faced a combined $5.1 trillion in debt, 33 percent of annual gross state product. The obligation amounts to $16,178 per capita in the nation. A bulk of the state debt -- 79 percent -- was linked to unfunded public pensions.[15][16]

Total state debt in Nevada[17]
Type Totals U.S. rank
Total state debt $52,838,629,000 27
Per capita debt $19,152 13
State and other fund expenditures $5,040,000,000 1

Public pensions

See also: Nevada public pensions and Nevada public employee salaries

A 2012 report from the Pew Center on the States noted that Nevada's pension system was funded at 70 percent at the close of fiscal year 2010, below the 80 precent funding level experts recommend. Consequently, Pew designated the state's pension system as cause for "serious concern."[18]

Taken together, the funding ratio for the state's pension systems decreased from 77.30 percent in fiscal year 2007 to 70.97 percent in fiscal year 2012, a 6.33 percent drop. Likewise, unfunded liabilities increased from approximately $6.3 billion in fiscal year 2007 to $11.2 billion in fiscal year 2012.

Credit ratings

States sometimes sell general obligation bonds to investors in order to finance large-scale undertakings (e.g., road construction and other public works projects). Credit rating agencies, such as Standard and Poor's, assign grades to states, evaluating their ability to pay the principal and interest on such bonds. Standard and Poor's grades range from AAA, the highest available, to BBB, the lowest. Generally speaking, a higher credit ranking indicates lower risk for an investor, which in turn lowers costs for taxpayers.[19]

The table below lists the Standard and Poor's credit ranking for Nevada from 2001 to 2012 (grades from surrounding states are provided for additional context).[19]

S&P credit ratings from 2001 to 2012
Nevada California Oregon Washington
2012 AA A- AA+ AA+
2011 AA A- AA+ AA+
2010 AA+ A- AA AA+
2009 AA+ A AA AA+
2008 AA+ A+ AA AA+
2007 AA+ A+ AA AA+
2006 AA+ A+ AA- AA
2005 AA A AA- AA
2004 AA A AA- AA
2003 AA BBB AA- AA+
2002 AA A AA AA+
2001 AA A+ AA AA+

Federal aid to state budget

See also: Federal aid to budgets in the 50 states

The chart below notes how much of the state’s general revenues come from the federal government. Figures were calculated by dividing each state’s federal intergovernmental revenue into its general revenue. The number in the rightmost column indicates the state's ranking in relation to the rest of the nation (e.g., if "1," the state receives the highest percentage of federal funding in the nation). Figures from neighboring states are included to provide additional context.[20]

State governments receive aid from the federal government to fund a variety of joint programs, such as Medicaid. Federal aid varies considerably from state to state. For example, Mississippi received approximately $7.7 billion in federal aid in 2012, which accounted for more than 45 percent of the state's general revenues. By contrast, Alaska received roughly $2.9 billion in federal aid in 2012, just under 20 percent of the state's general revenues.[20]

Federal aid to state budgets in 2012
State Federal aid as % of general revenue Total federal aid National rank
Nevada 25.48% $2,798,426,000 44
California 27.17% $54,145,284,000 40
Oregon 36.09% $7,830,552,000 12
Washington 28.59% $9,743,127,000 37

Stimulus

Nevada received $2.35 billion in federal stimulus funding from the American Recovery and Reinvestment Act between February 2009 and June 2013.[21]

Budget transparency

Transparency evaluation
Nevada Open Government
Searchability Y
600px-Yes check.png
Grants N
600px-Red x.png
Contracts N
600px-Red x.png
Line item expenditures Y
600px-Yes check.png
Dept./agency budgets Y
600px-Yes check.png
Public employee salaries N
600px-Red x.png
Last evaluated in 2009.
See also: Evaluation of Nevada state website and Constitutional provisions regarding reading of bills

Nevada Open Government hosts the state's searchable online database of financial data. The site was created by Governor Jim Gibbons's executive order and became functional on January 15, 2009.

Government tools

The Nevada Open Government website provides line item expenditures navigable by fiscal year and agency. Budget documents are also available.

The table to the right is helpful in evaluating the level of transparency provided by Nevada Open Government.

Limitations and Suggestions

The site lacks information on grants, contracts, and state employee salaries.

Independent transparency sites

The Nevada Policy Research Institute developed its own transparency website, TransparentNevada.com.[22] This site focused primarily on local transparency, complementing the state's site, which focuses primarily on state spending transparency.

Multi-measure budget transparency profile

The Institute of Government and Public Affairs at the University of Nevada created a multi-measure transparency profile for Nevada, which measured state transparency as of September 2011 using indicators from a range of organizations. These indicators measured both website transparency and other recognized facets of governmental transparency. In addition, IGPA presented four unique indicators of non-transparency based on the observation that transfers or reassignments between general and special funds can obscure the true fiscal condition of a state.[23][24]

IGPA devised a budget transparency index based on information available from the National Association of State Budget Officers. Nevada tied for 20th in the nation with 12 other states, earning five out of eight possible points.[24]

Nevada - IGPA score for budget process, contents and disclosure
Budget transparency indicator Yes or no?
Performance measures
{{{1}}}
"Generally Accepted Accounting Principles" budget N
600px-Red x.png
Multi-year forecasting
{{{1}}}
Annual cycle N
600px-Red x.png
Binding revenue forecast
{{{1}}}
Legislative revenue forecast
{{{1}}}
Non-partisan staff
{{{1}}}
Constitution or statutory tax/spend limitations N
600px-Red x.png
TOTAL 5

In addition to the individual state profile, IGPA offers a 50-state comparison and profiles for other states.[24]

U.S. PIRG "Following the Money" report

See also: Following the Money 2014 Report

The U.S. Public Interest Research Group, a consumer-focused nonprofit organization based in Washington, D.C., released its annual report on state transparency websites in April 2014. The report, entitled "Following the Money," measured how transparent and accountable state websites are with regard to state government spending.[25] According to the report, Nevada received a grade of D- and a numerical score of 52, indicating that Nevada was "lagging" in terms of transparency regarding state spending.[25]

Accounting principles

See also: Nevada government accounting principles

The Nevada Legislative Auditor audits Nevada's state agencies and publishes audit reports online. The Legislative Auditor is a statutory officer appointed by the Director of the Legislative Counsel Bureau with the approval of the Legislative Commission for an indefinite term whose qualifications and duties are defined by law. The Legislative Auditor serves as staff to the Nevada State Legislature and its various committees, and was the chief of the Audit Division.[26]

The Institute for Truth in Accounting (IFTA) rated Nevada “timely” in filing the state’s Comprehensive Annual Financial Report (CAFR) – the annual report of state and local governmental entities. IFTA rated 22 states timely, 22 states tardy, and six states as worst. IFTA did not consider Nevada's CAFRs, and those of the other states, to be accurate representations of the state’s financial condition because the Generally Accepted Accounting Principles (GAAP) basis did not include significant liabilities for the pension plans and for other post employment benefits, such as health care.[27] Nevada's CAFRs are prepared and published online by the Nevada Controller's Office. They can be found here.

The Nevada Controller is one of the six constitutional officers of the state and is elected to a term of four years. The Controller is the chief fiscal officer charged with administering the state accounting system and the state's debt collection program under the Nevada Constitution Article 5, Section 19.[28]

Credit Ratings

Credit Rating Fitch Moody's S&P
Nevada[29] AA+ Aa2 AA[30]

Moody's downgraded the state from Aa1 to Aa2 in 2011, citing two-thirds supermajority required to raise taxes as a negative in Nevada.[31]

Contact information

Department of Administration Budget Division
209 East Musser Street, Room 200
Carson City, Nevada 89701-4298
Phone: 775-684-0222
Fax: 775-684-0260

See also

External links

Additional reading

References

  1. Refers to General Fund spending. Typically in state budgets the General Fund is spending that is most directly controlled by state legislators.
  2. This figure is derived by calculating the percent difference between the prior two years' spending levels according to the National Association of State Budget Officers.
  3. Bureau of Labor Statistics, "CPI Detailed Report Data for February 2014," accessed April 9, 2014
  4. InflationData.com, "Cumulative Inflation Calculator," February 28, 2014
  5. National Conference of State Legislatures, "State Experiences with Annual and Biennial Budgeting," updated April 2011
  6. 6.0 6.1 6.2 National Association of State Budget Officers, "Budget Processes in the States, Summer 2008," accessed February 21, 2014
  7. 7.00 7.01 7.02 7.03 7.04 7.05 7.06 7.07 7.08 7.09 7.10 7.11 7.12 7.13 National Association of State Budget Officers "State Expenditure Report, 2011-2013," accessed February 21, 2014
  8. 8.0 8.1 8.2 United States Census Bureau, "Annual Estimates of the Resident Population: April 1, 2010 to July 1, 2013," accessed February 26, 2014
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