Carson City – the following statement is a press release from the Assembly Republican Caucus.
Today, the Economic Forum released its most recent round of tax revenue projections. While today’s projection called for an extra $42.8 million in revenues, this is a small drop in the bucket when compared with the overall $8.8 billion budget.
“Today’s projections show that there are going to be some very difficult decisions made between now and the end of session. Simply put, there is not enough money to go around. Many of the recommendations to expand government by the governor and the bills in Assembly Ways and Means and Senate Finance are not conducive to our current economic environment. I hope we see fiscal responsibility and not the easy path of dipping into Rainy Day Funds, which truly should be used during economic declines,” said Assemblywoman Dr. Robin Titus.
“I am concerned about much of the proposed legislation that has yet to reach the governor’s desk. The Economic Forum showed us that we are facing an imminent slowing of growth in Nevada’s economy,” said Assemblyman Al Kramer. “From rolling back measures that will cost the state millions to pushing legislation that will increase the cost of doing business in Nevada, we will accelerate and compound the effects resulting in a longer and deeper economic downturn.”
“Governor Sisolak’s promise of no new taxes is going to be put to the test based on today’s report. In its simplest terms, the Governor and the Democrats are trying to spend more money than is available. How will Democrats keep their promise to teachers and unions while still balancing the state budget? Nevada’s booming economy is benefiting from the reforms and policies under Republican leadership. Now is not the time for budget experiments that will constrict our economic growth,” said Assembly Republican Leader Jim Wheeler.