Report finds Nevada in Trouble if financial crisis strikes from Las Vegas Review Journal
Our Great State of Nevada in trouble due to the Republican promises of being conservative which is a joke they have run our State government down to almost bankrupt, then you have the Democrats wanting to spend and waist more money to totally destroy our State economy.
This is why you need to have an Independent like me who would go over every Item of the budget and cut them to get us back to stability and raise our rainy day fund witch is nothing right now. Giving our state workers who haven't had a raise in 10 years deserved raise that could come from our 4 million dollar a month on Marijuana tax law.
CARSON CITY - If Nevada was forced to run solely on its rainy day funds starting Monday, the state government would be out of money and shuttered by lunchtime Thursday, according to a study of states' financial stability released last week.
The study conducted by the nonprofit Pew Charitable Trusts found that Nevada had just $39 million in its rainy day funds for fiscal year 2017, and ranks 44th out of 50 states in the U.S. in terms of how long its government could operate solely just reserve funds.
Alaska and Wyoming lead the rankings, with each having enough in their rainy day tanks to run their respective governments for more than a year.
Meanwhile, Nevada, at 3.6 days worth of reserve funds, was one of eight states that would last less than a week. Three states - Kansas, Montana and New Jersey - had no reserve money at all. The median time for all 50 states was 20.5 days.
While it's unlikely that any state would be forced to run entirely on its reserves for any real length of time, the analysis paints a grim picture of what could happen to Nevada if it were hit by another economic downturn like was seen during the Great Recession.
Read the rest of the article and see the charts: https://www.reviewjournal.com/news/politics-and-government/nevada/nevada-in-trouble-if-financial-crisis-strikes-report-finds/