Economic Forum (NRS 353.226)
Summary
The Economic Forum is responsible for providing forecasts of the state’s General Fund revenues for each biennium budget period. By statute, the Economic Forum is required to provide forecasts on or before December 3 of even-numbered years and on or before May 1 of odd-numbered years. The December 3 estimates are used by the Governor in preparing budget recommendations resented to the Legislature in January of odd-numbered years. The May 1 forecast is the final official revenue estimate that is used by the Legislature in balancing General Fund appropriations with projected General Fund revenues for each biennial budget period.