Nevada budget expected to be $162 million short by July

The combination of slumping gaming and mining revenues and unexpected increases in K-12 enrollment will nearly drain the state’s coffers unless Gov. Brian Sandoval and lawmakers act. What is supposed to be a $170 million Ending Fund Balance on June 30, 2015, would end up at just $8 million under current projections. That’s $162.5 million under the 5 percent of General Fund that statute requires the treasury to have. In a nutshell, the pro