Nevada Lawmakers Approve Using The Rainy Day Fund

Nevada lawmakers approved using the Rainy Day Fund to offset some budget holes created by the pandemic.  As of this week, more than $401 million sits in the reserve account. Democratic lawmakers on the Interim Finance Committee voted along party lines to move the entire Rainy Day Fund to fill the gaps left in the general fund budget for 2020 fiscal year. The Governor’s office estimates the shortfall in the budget could be between $ $741 million to $911 million for the fiscal year ending on June 30.

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