CARSON CITY, Nev. (AP) — The economic consequences of the coronavirus pandemic have hit Nevada particularly hard, complicating budget planning in a state that levies no state income tax on residents and relies on tourism and hospitality industry revenue.
Gov. Steve Sisolak released a budget on Monday that includes no new taxes and $187 million less in state spending than it proposed before the start of the last two-year cycle in 2019. The budget proposes cuts to both K-12 and higher education and increases funding for health care as the pandemic surges and more laid-off workers enroll in Medicaid. It outlines $8.7 billion in state spending from 2021 to 2023 and projects the state will collect $4.2 billion and $4.5 billion in the upcoming two budget years, respectively.