2008 Nevada Budget Crisis - Origins

Origins

As the fastest growing state in the U.S. during the United States housing bubble, Nevada was hit especially hard by subprime mortgage crisis. The Nevada Policy Research Institute argues that the state government raised taxes during an economic boom and increased government spending more than 20% in 2004. The shortfall for 2008 and 2009 resulted from, they argue, government spending money at unsustainable levels.

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