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Nevada Panel Gives Prediction on State's Expected Gaming Revenues30 November 2000CARSON CITY, Nevada – Nov. 30, 2000 -- As reported by the Associated Press: “Nevada's Economic Forum estimated Thursday that the state can expect $3.74 billion in gambling, sales and other taxes in the coming two fiscal years. ”…If the forum's estimate pans out, the state's revenue will be about 17 percent higher than the figure that the 1999 Legislature had used in building the budget for the current two-year cycle, which will end June 30. ”…Picking and choosing Thursday from the various tax-by-tax income projections, forum members assumed sales tax growth of 5.5 percent to 6 percent, and casino percentage fee growth between 4 and 5 percent in the coming budget period. ”Casino-related taxes combined with sales taxes account for three-quarters of all revenues needed to run state government. ”The $3.74 billion revenue estimate adopted by the Economic Forum is good news for Gov. Guinn, who in a July budget briefing had estimated his spending plans would total $3.7 billion…” |