Robin Camacho
Las Vegas Real Estate
David Matthews
Gambling in Space
David McKee
Stiffs & Georges
Jean Scott
Frugal Vegas
"Cher" is a four-letter word ...
Deb said: We were at opening night of Cher, We enjoyed it as well as the rest of the people there the show reg... [More]
This isn't my day
Jeff in OKC said: Business writing is usually very dry. Money isn't funny. McKee puts a different spin on stories, som... [More]
This isn't my day
dave202 said: I think you should scrap every blog post since you seem to be out of touch with just about everyone.... [More]
Earth to NYT, Earth to NYT ...
David McKee said: Honestly, no. I don't think P&B merit big photo play in the NYT, especially given the brevity of... [More]
Earth to NYT, Earth to NYT ...
Steve said: Come on, David. Own up. You were picking on the whole thing based on something minor you spotted abo... [More]
Enter your email address to subscribe to this blog.
Posted At : April 9, 2008 02:49 PM | Posted By : D McKee
Related Categories:
Current
The folly of balancing the fate of Nevada principally upon casino revenues is made painfully clear by February's revenue report. Down at the end, you'll find a chart comparing FY08 forecasts (made almost a year ago) with reality. True, some months (like last October) can produce a geyser revenue, 20% over expectations. But with that come potholes like December, -23% and change. Even if you throw out those two antipodal months, you still have a set of projections that yo-yo between +11% and -18%, with more minuses than pluses this time around.
As Nevada's budget deficit plummets toward $910 million (pushed, in part, by a big decline in tobacco sales), it seems incumbent to say the obvious: Nevada needs a budgeting process that's less dependent on A) looking into a crystal ball -- and the Economic Forum's one probably needs to go into the shop for repairs -- and B) putting most of the state's eggs in the casino industry's basket. Because whenever the casinos sneeze, Nevada comes down with the flu.
Print | 
Send to Friend | 
del.icio.us | 
Digg It! | 
Linking Blogs |
There are no comments for this entry.
[Add Comment]