Report: Nevada General Fund Revenues Up 4% - KTVN Channel 2 - Reno Tahoe News Weather, Video -

Report: Nevada General Fund Revenues Up 4%

Posted: Updated:

A report by state Controller Kim Wallin shows Nevada's general fund revenues rose 4% in the last fiscal year.
 
An annual financial report for the fiscal year ended June 30 says money that goes to the state general fund totaled $6.5 billion, up from $6.2 billion in 2012. 
 
Intergovernmental revenue saw the largest increase, up $145 million. That includes grants from the federal government.
 
Sales tax revenue was up nearly $60 million from the previous year, while taxes on gambling revenue rose $12.6 million.
 
But the report adds that revenues from sales and gambling taxes are still well below pre-recession levels.

Expenditures in 2013 increased by 2.7% to $6.4 billion, with most of those costs associated with increases in the Medicaid program.

The 2013 CAFR and PAFR (Report to Our Citizens) are available on the Controller's website at www.controller.nv.gov. (AP)

  • Today's Top StoriesMore>>

  • Standoff on Valley Road

    Standoff on Valley Road

    Reno Police say a standoff closed a portion of Valley Road late Saturday evening after a man barricaded himself inside a home.According to officers, police were called to an apartment in the 1700 block of Valley Road at around 8 p.m. on reports of a dispute. When they arrived a man barricaded himself inside the apartment and refused to leave. Police say it became apparent that the man was armed, and police surrounded the home, closing off a portion of Valley Road and asking other residents of...More >>
    Reno Police say a standoff closed a portion of Valley Road late Saturday evening after a man barricaded himself inside a home.According to officers, police were called to an apartment in the 1700 block of Valley Road at around 8 p.m. on reports of a dispute. When they arrived a man barricaded himself inside the apartment and refused to leave. Police say it became apparent that the man was armed, and police surrounded the home, closing off a portion of Valley Road and asking other residents of...More >>
  • Easter Weekend Celebrations

    Easter Weekend Celebrations

    Saturday, April 19 2014 10:33 PM EDT2014-04-20 02:33:40 GMT
    The Boys and Girls Club held an Easter egg hunt Saturday in Sun Valley. More >>
    The Boys and Girls Club held an Easter egg hunt Saturday in Sun Valley. More >>
  • Confirmed Death Toll Climbs to 46; About 270 Missing in Ferry Crash

    Confirmed Death Toll Climbs to 46; About 270 Missing in Ferry Crash

    The number of confirmed dead in the South Korean ferry disaster has risen to 46, with some 270 still missing.More >>
    The number of confirmed dead in the South Korean ferry disaster has risen to 46, with some 270 still missing.More >>
  • Most Popular StoriesMost Popular StoriesMore>>

  • Standoff on Valley Road

    Standoff on Valley Road

    Reno Police say a standoff closed a portion of Valley Road late Saturday evening after a man barricaded himself inside a home.According to officers, police were called to an apartment in the 1700 block of Valley Road at around 8 p.m. on reports of a dispute. When they arrived a man barricaded himself inside the apartment and refused to leave. Police say it became apparent that the man was armed, and police surrounded the home, closing off a portion of Valley Road and asking other residents of...More >>
    Reno Police say a standoff closed a portion of Valley Road late Saturday evening after a man barricaded himself inside a home.According to officers, police were called to an apartment in the 1700 block of Valley Road at around 8 p.m. on reports of a dispute. When they arrived a man barricaded himself inside the apartment and refused to leave. Police say it became apparent that the man was armed, and police surrounded the home, closing off a portion of Valley Road and asking other residents of...More >>
  • Ohio couple married 70 years die 15 hours apart

    Ohio couple married 70 years die 15 hours apart

    Saturday, April 19 2014 4:02 PM EDT2014-04-19 20:02:08 GMT
    A couple who held hands at breakfast every morning even after 70 years of marriage have died 15 hours apart.More >>
    A couple who held hands at breakfast every morning even after 70 years of marriage have died 15 hours apart.More >>
  • Easter Egg Hunts, Church Services This Weekend

    Easter Egg Hunts, Church Services This Weekend

    Saturday, April 19 2014 7:12 PM EDT2014-04-19 23:12:17 GMT
    Lots of area events are scheduled for this Easter holiday weekend. Here is a list that will be updated frequently.More >>
    Lots of area events are scheduled for this Easter holiday weekend. Here is a list that will be updated frequently.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and Sarkes Tarzian, Inc. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.