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.

State Funds Budget Data

  • Estimated FY 2024 Only State Funds Budget ($ Billions): $15.10
  • FY 2025 Only State Funds Budget Limit ($ Billions): $16.03
  • FY 2025 Only State Funds Budget Limit Growth ($ Billions): 6.19%
  • Cost per person of state funds budgeting more than pop+inf over the last decade in 2023 budget: $1,816
  • Cost per family of 4 of budgeting more than pop+inf over the last decade in 2023 budget: $7,263
  • Cumulative cost per person of state funds budgeting more than pop+inf over the last decade from 2014-23: $9,137
  • Cumulative cost per family of 4 of state funds budgeting more than pop+inf over the last decade from 2014-23: $36,547

State All Funds Budget Data

  • Estimated FY 2024 All Funds Budget ($ Billions): $21.08
  • FY 2025 All Funds Budget Limit ($ Billions): $22.39
  • FY 2025 All Funds Budget Limit Growth ($ Billions): 6.19%
  • Cost per person of all funds budgeting more than pop+inf over the last decade in 2023 budget: 2,429
  • Cost per family of 4 of all funds budgeting more than pop+inf over the last decade in 2023 budget: 9,715
  • Cumulative cost per person of all funds budgeting more than pop+inf over the last decade from 2014-23: 14,074
  • Cumulative cost per family of 4 of all funds budgeting more than pop+inf over the last decade from 2014-23: 56,297

Other Considerations