2008 Nevada budget crisis
- 2008 Nevada budget crisis
The 2008 budget crisis in Nevada is an ongoing fiscal crisis in which the state faces a budget shortfall of at least $1.2 billion out of a $6.8 billion budget.[cite news|last=Associated Press|coauthors=|title=States face tough choices as budget crisis deepens|publisher=International Herald Tribune|date=2008-08-01|url=http://www.iht.com/articles/ap/2008/08/01/america/NA-US-Busted-Budgets.php|accessdate=2008-10-06] The budget crisis is a result of the larger subprime mortgage crisis and the economic crisis of 2008.]The budget shortfall resulted in Governor of Nevada Jim Gibbons and the Nevada State Legislature making large cuts to many state programs and agencies.
Origins
As the fastest growing state in the U.S. during the United States housing bubble, Nevada was hit especially hard by subprime mortgage crisis.
Notes
See also
* Subprime mortgage crisis
* 2008 California budget crisis
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