Nevada Assembly Speaker Plans Public Meetings on State Finances

CARSON CITY, Nev. (AP) - Assembly Speaker Barbara Buckley said
Monday she'll hold public meetings Sept. 29 in Las Vegas and Oct. 6
in Reno to discuss ways to overhaul state finances to end Nevada's
"boom and bust" economic cycle.

Buckley, D-Las Vegas, said she also has asked leaders in several rural communities to conduct similar meetings prior to the start of the 2009 Legislature.

Topics at the meetings should include state spending priorities and accountability, tax exemptions and abatements, uncollected taxes and state revenues and creation of a revenue "stabilization" fund.

State lawmakers and Gov. Jim Gibbons agreed in June on major budget cuts to deal with a a projected revenue shortfall of nearly $1.2 billion this fiscal year. The governor is considering major budget reductions in the next two-year budget cycle, which starts in July 2009, because of fears of another huge revenue shortfall.

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