Recovering from the Great Recession in the U.S. and Nevada
Recovering from the Great Recession in the U.S. and Nevada
Recovering from the Great Recession in the U.S. and Nevada
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5/23/2011<br />
$4,000<br />
Figure 1: <strong>Nevada</strong> General Fund<br />
(<strong>in</strong> Millions of Dollars)<br />
$3,500<br />
$3,000<br />
$2,500<br />
$2,000<br />
$1,500<br />
$1,000<br />
$500<br />
If you look at <strong>the</strong> raw data prior to<br />
<strong>the</strong> 2009-2011 biennium,<br />
government spend<strong>in</strong>g <strong>in</strong> <strong>Nevada</strong><br />
has exploded.<br />
The Governor has repeatedly said<br />
that expenditures are out of<br />
control.<br />
This surplus<br />
was given back<br />
<strong>in</strong> a rebate.<br />
$0<br />
1975<br />
1977<br />
1979<br />
1981<br />
1983<br />
1985<br />
1987<br />
1989<br />
1991<br />
1993<br />
1995<br />
1997<br />
1999<br />
2001<br />
2003<br />
2005<br />
2007<br />
2009<br />
General Fund Expenditures<br />
University of <strong>Nevada</strong>, Reno Budget<br />
General Fund Revenue<br />
NSHE Budget<br />
25<br />
Figure 1(B): <strong>Nevada</strong> General Fund<br />
(<strong>in</strong> Constant 2007 Dollars Per-Capita)<br />
$1,600<br />
$1,400<br />
$1,200<br />
$1,000<br />
$800<br />
$600<br />
$400<br />
$200<br />
If you adjust for <strong>in</strong>flation <strong>and</strong> population growth, you<br />
get a different picture – though you can still make it<br />
look like it is grow<strong>in</strong>g by pick<strong>in</strong>g <strong>the</strong> right dates.<br />
$0<br />
1975<br />
1977<br />
1979<br />
1981<br />
1983<br />
1985<br />
1987<br />
1989<br />
1991<br />
1993<br />
1995<br />
1997<br />
1999<br />
2001<br />
2003<br />
2005<br />
2007<br />
2009<br />
General Fund Expenditures<br />
University of <strong>Nevada</strong>, Reno Budget<br />
General Fund Revenue<br />
NSHE Budget<br />
26<br />
13
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