Solving The Budget Crisis
Several camps have emerged with solutions to solving the budget crisis.
Governor Jim Gibbons has successfully pushed for spending cuts, which have so far allowed Nevada to balance its budget. Gibbons has opposed placing limits on government spending and currently opposes raising taxes.
State Assembly Speaker Barbara Buckley has proposed restructuring the tax code so it is less reliant on gaming and sales taxes which she claims makes up more than 60% of the general fund revenue. She also supports increasing the rainy day fund. Barbara Buckley is supported by Nevada System of Higher Education Chancellor Jim Rogers and TV personality Jon Ralston.
The Nevada Policy Research Institute supports balancing the budget by reducing spending but argues that Nevada needs spending limits and a larger rainy day fund. NPRI, state senator Bob Beers and Chuck Muth of Citizen Outreach all oppose raising taxes.
Read more about this topic: 2008 Nevada Budget Crisis
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