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2008 Nevada budget crisis
The 2008 budget crisis in Nevada is an ongoing fiscal crisis in which the state faces a budget shortfall of at least $1.2 billion out of a $6.8 billion budget. The budget crisis is a result of the larger subprime mortgage crisis and the late-2000s recession.
The budget shortfall resulted in Governor of Nevada Jim Gibbons and the Nevada State Legislature making large cuts to many state programs and agencies.
== Origins ==
As the fastest growing state in the U.S. during the United States housing bubble, Nevada was hit especially hard by subprime mortgage crisis.〔 The Nevada Policy Research Institute argues that the state government raised taxes during an economic boom and increased government spending more than 20% in 2004. The shortfall for 2008 and 2009 resulted from, they argue, government spending money at unsustainable levels.〔"Why is Nevada short on cash?" by Patrick R. Gibbons, Nevada Policy Research Institute ()〕〔"No need for new taxes" by Patrick R. Gibbons, Nevada Policy Research Institute ()〕
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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