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November 2, 2012
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Some sunsets may be extended to make up revenue losses

Nevada Budget Director Jeff Mohlenkamp conceded Thursday that at least some of the one-time tax hikes approved by lawmakers and Gov. Brian Sandoval in 2011 won’t “sunset” as of next July and will have to be extended to balance the state’s 2014-2015 budget.He made the statement after the Technical Advisory Committee that analyzes the so-called minor revenues for the state Economic Forum projected those revenue sources will generate a half-billion dollars less over the next two fiscal years than they are bringing in this biennium.After the advisory committee adopted the staff recommendations generated by the legislative fiscal staff, budget office …

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The Nevada Appeal Updated Nov 2, 2012 03:26AM Published Nov 2, 2012 03:25AM Copyright 2012 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.