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

Report: Nevada General Fund Revenues Up 4%

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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)

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