State officials got an unexpected windfall when they closed the books on fiscal 2009 revenues: The shortfall caused by falling revenues at the end of the year was erased by an unexpected increase in reversions. Reversions are revenues that state agencies either didn’t need to spend or were unable to spend during the fiscal year. They revert back to the state treasury.
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.
Copyright © 2025 Citizen Outreach | Maintained by VirtualAlly