Nevada’s budget increased cumulatively more than pop+inf in state funds and all funds from 2014-23, meaning taxes are higher than the average taxpayer can afford.
• The 2023 state funds budget is $5.8 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
• Because the state funds budget grew faster than population growth plus inflation for the last ten years, the state spent and taxed $29.2 billion too much.
• The 2023 all funds budget is $7.8 billion higher than it would have been had spending grown at the rate of population growth plus inflation over the past decade.
• Because the all funds budget grew faster than population growth plus inflation over the past decade, the state spent and taxed $45.0 billion too much.
