Today the Nevada Higher Education Chancellor, Dan Klaich, presented his new budget to the Board of Regents. According to an article by Lenita Powers in the Reno Gazette-Journal:
The proposed budget… doesn’t include the 10 percent reduction Republican Gov. Jim Gibbons requested because it doesn’t reflect the dire reality of the state’s revenue shortfall, Chancellor Dan Klaich said.
“Everyone is talking about a structural deficit in Nevada’s budget that is about 40 to 50 percent, from $2 1/2 billion to $3 billion,” Klaich said. “We don’t have 10 percent revenue shortfall, we have almost a 50 percent shortfall that we should be talking about. So all I’m saying is this 10 percent reduction doesn’t bear any reality to our current fiscal situation.”
In short, the 10 percent spending reduction requested by the governor is just a political tactic, according to Klaich.
The budget Klaich submitted works out to $1.65 billion for the 2011-13 biennium. The previous budget was $1.59 billion.