I wonder how many Nevada residents remember what they bought with their big DMV rebate in September of '05? Governor Guinn's last hurrah! Well give this some thought. The rebate totaled about $298 million including expenses of about 6 million. That money, if left invested with the State Treasurer earning interest at the general portfolio rate would be worth about $360 million today.
I see textbooks for schools, health care for seniors and children, badly needed road repairs and a host of other statewide needs but for the life of me I can't remember what I purchased with that $150 rebate check!
I would recommend that the executive and legislative branches convert the "rainy day fund" to a "biennial stabilization fund" and work in earnest to build a budget that ensures adequate reserves to augment future revenue shorfalls. I'm fearful that failure to do so will lead to a continued decline in the quality of life for all Nevada residents.