Governor Steve Sisolak has announced that the Corona Virus has hammered Nevada’s economy with the biggest hit to the casino industry as well as to regular retail sales up and down the state.
Sisolak also said there is likely to be a nearly $700 million dollar cut to the state’s overall budget for next fiscal year which starts July 1st. But the Governor said the cuts will not be “across the board.” Cuts will be heavy in some budget areas, while leaving other budgets largely intact – like stronger funding for Nevada public education.
Cuts to next year’s 2021-22 state budget could run 6 to 14%. Sisolak said these figures are forecasted reductions, but could be more or less depending on how the country as a whole recovers from the Corona Virus disaster.
Sisolak also indicated that he’s expecting federal help in the form of federal financial assistance to keep vital services afloat in Nevada…something that the Trump Administration has indicated they will follow through on as it assists most of the states that are also suffering monetarily as the virus badly wounds the whole country.