In response to the economic impact of COVID-19 on Nevada’s budget, Governor Steve Sisolak sent a memo in April 2020 to State agencies noting that actual state revenue will not meet previous projected revenue projections and that he is examining the necessity of recommending budget reserves. In practice, these budget reserves are recommended budget cuts… Read more
In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted into law in response to the COVID-19 pandemic. At $2 trillion, it is one of the largest relief packages in U.S. history. It aims to shore up the economy and provide relief to families facing economic hardship due to the downturn… Read more
This policy brief examines the impact of recessions on the economy, broadly speaking, and on housing more specifically. By looking at metrics for Nevada following 9/11 and the 2007-2009 recession, or the Great Recession, we hope to provide insight into the potential effects of the COVID-19 pandemic in the state. See here for full report: https://bit.ly/2T2ePVk
This report examines the economic and financial trends facing Nevada’s families.
Medicaid Funding in Nevada The U.S. House of Representatives passed H.R. 1628, the American Health Care Act (AHCA) of 2017, on May 4, 2017, and the U.S. Senate released a discussion draft for its version of the bill, the Better Care Reconciliation Act (BCRA) of 2017, on June 22, 2017; both bills seek to roll… Read more
Effects of the Tax Cuts and Jobs Act on Nevada (Conference Report Update) In 2017, the U.S. Congress took action to amend the Internal Revenue Code (IRC), or modify certain existing federal income tax provisions as they pertain to individuals and businesses. The bill is known as the Tax Cuts and Jobs Act (TCJA). This… Read more
Federal Revenue Streams in Nevada: A Data Snapshot Nevada’s 2017-2019 biennium budget amounts to approximately $26.2 billion. Federal funds account for more than one-third (34.3 percent) of all revenues in the biennium budget. Federal revenues also flow into Nevada’s non-profits and local and county governments. This policy brief summarizes federal revenue streams in Nevada in… Read more