Nevada faces $190 million budget shortfall; lawmakers to reconsider funding strategies
News 3 Las Vegas
[{'start': '0.400', 'end': '4.080', 'text': "It was revealed at today's economic"}, {'start': '2.480', 'end': '6.240', 'text': 'forum meeting up at the Nevada'}, {'start': '4.080', 'end': '9.840', 'text': 'legislature in Carson City that the'}, {'start': '6.240', 'end': '12.559', 'text': 'state has a 190 million dollar hole to'}, {'start': '9.840', 'end': '14.799', 'text': 'fill for the next two-year budget cycle.'}, {'start': '12.559', 'end': '17.680', 'text': 'The projections lawmakers heard today'}, {'start': '14.799', 'end': '19.840', 'text': 'from p economic analysts was a very'}, {'start': '17.680', 'end': '22.080', 'text': 'different story than what was initially'}, {'start': '19.840', 'end': '23.600', 'text': 'projected back in December, which means'}, {'start': '22.080', 'end': '26.080', 'text': 'that the state government will have to'}, {'start': '23.600', 'end': '28.960', 'text': 'make some tough decisions on which areas'}, {'start': '26.080', 'end': '32.040', 'text': 'will lose funding to fill that $190'}, {'start': '28.960', 'end': '34.559', 'text': 'million hole. Complete chaos,'}, {'start': '32.040', 'end': '35.760', 'text': 'uncertainty. It is making markets drop.'}, {'start': '34.559', 'end': '38.160', 'text': 'It is making people have less'}, {'start': '35.760', 'end': '40.399', 'text': 'confidence. And when that happens,'}, {'start': '38.160', 'end': '42.320', 'text': 'Nevada is one of the first and hardest'}, {'start': '40.399', 'end': '44.480', 'text': 'states hit it. You see it every'}, {'start': '42.320', 'end': '46.800', 'text': 'recessionary trend. It is harder for us'}, {'start': '44.480', 'end': '48.719', 'text': 'to climb out of that because what our'}, {'start': '46.800', 'end': '50.960', 'text': 'economy is driven on is a lot of'}, {'start': '48.719', 'end': '52.800', 'text': 'discretionary income.'}, {'start': '50.960', 'end': '55.039', 'text': 'So, the clock is ticking before the end'}, {'start': '52.800', 'end': '56.719', 'text': 'of the session, and if the legislature'}, {'start': '55.039', 'end': '59.280', 'text': 'is unable to find a way to fill that'}, {'start': '56.719', 'end': '61.920', 'text': "budget gap, it's possible it will have"}, {'start': '59.280', 'end': '64.399', 'text': 'to come back for a special session this'}, {'start': '61.920', 'end': '64.399', 'text': 'Summer.'}]