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June 12, 2012
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State's economy on mend, experts say

Experts told the Economic Forum on Monday that Nevada's economy is recovering - albeit slowly - with improvements in most sectors.

General Fund revenue collections for the 11 months of this fiscal year through May 31 were $58.9 million, or 2.7 percent above the forum projections made during the 2011 Legislature, according to the analysis presented by economists with the state Legislative Counsel Bureau.

Among the major revenue sources, sales tax, gaming taxes, the modified business tax and gaming/live entertainment tax collections were all above projections. Only the insurance premium tax and real property transfer tax were below projections. The …

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The Nevada Appeal Updated Jun 12, 2012 02:34AM Published Jun 12, 2012 02:31AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.