Las Vegas Sun

February 1, 2015

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Governor formally calls for special session to cut budget

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Gov. Jim Gibbons

Gov. Jim Gibbons signed the proclamation today calling for a special session on Monday and issued a sketch of how they plan to cut another $342 million from the budget.

The plan cuts $72.8 million from operations budgets. To get the rest, the plan relies on the $160 million loan from the local government pool, $76.7 million from sweeping state accounts, and moving up the tax payment of mining taxes.

Gibbons admitted these were short term solutions. But said the state faced an "unprecedented challenge."

He said when the legislature meets in February for its regular session "there will be opportunities for longer term fixes that are needed."

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