Nevada Controller Reports on Fiscal 2007 Revenue

Nevada's total revenues grew by nearly 5.7 percent last fiscal year, reaching $7.4 billion, according to an annual report from state Controller Kim Wallin.

The 2007 Comprehensive Annual Financial Report says revenues in
the 2007 fiscal year, which ended June 30, were up nearly $400
million over the prior fiscal year.

The state's expenses for fiscal year 2007 were $7.2 billion, compared with $6.2 billion in the prior year, a 15.2 percent increase.

The report is based on the sources of state revenues and how those revenues are spent. It does not reflect the slowdown in the economy since the beginning of the current fiscal year on July 1, 2007.

(Copyright 2008 by The Associated Press. All Rights Reserved.)

AP-NY-02-08-08 1318EST


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