Monthly Archives: January 2011

It’s Not Only State Revenues That Have Declined . . .

As the Governor and Nevada Legislature prepare to enact a budget for the next two years, speculation has been rampant that the state will look to local governments to make up a large part of the deficit.  Local government revenues have historically (at least in the past few decades) been relatively stable, as they are premised in large part on property taxes. However, the ongoing recession has significantly impacted both commercial and residential property values, and although assessments traditionally lag behind market shifts, the decline in values is starting to … Continue Reading »