Economic Forum

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The Economic Forum was created by the Legislature during the 1993 Legislative Session (NRS 353.226-229). 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 presented 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.

Assembly Bill 332, approved during the 2011 Legislative Session, requires the Economic Forum to meet on or before June 10 of each even-numbered year, and December 10 of each odd-numbered year. At each of these meetings, the Economic Forum receives an update on the status of actual State General Fund revenue collections compared to the Economic Forum's most recent forecast. The provisions of A.B. 332 are not intended to authorize the Economic Forum to make additional forecasts of State General Fund revenue at these meetings. The Economic Forum also considers information on current economic indicators, such as employment, unemployment, personal income and any other indicators deemed appropriate by the Economic Forum. The Chair of the Economic Forum is required to provide a report of each of these two additional meetings to the Interim Finance Committee and the information presented to Interim Finance Committee must be made available on the website of the Legislature.

Additional background on the Economic Forum

The Economic Forum consists of five appointed members who cannot be employees of state government, including publicly supported institutions of higher education. The Governor appoints all five members to the Economic Forum, with the Senate Majority Leader and the Speaker of the Assembly each nominating one member for appointment. Each member appointed to the Economic Forum serves a two-year term.

Economic Forum committee members

Information on agendas and minutes of Economic Forum meetings

Economic Forum Forecast Reports

All reports are in PDF format.

2023 Reports

May 1, 2023, Forecast Report Adjusted for Legislative Actions from the 2023 Legislative Session and the 35th Special Session

Economic Forum's May 1, 2023, General Fund revenue forecasts for fiscal year 2022-23, fiscal year 2023-24 and fiscal year 2024-25 for the 2023-2025 biennium, adjusted for actions approved by the Legislature during the 82nd (2023) Session and the 35th Special Session (June 2023)

May 1, 2023, Forecast Report

Revised General Fund revenue forecasts for fiscal year 2022-23, fiscal year 2023-24 and fiscal year 2024-25 for the 2023-2025 biennium

2022 Reports

December 5, 2022, Forecast Report

General Fund revenue forecasts for fiscal year 2022-23, fiscal year 2023-24 and fiscal year 2024-25 for the 2023-25 biennium

2021 Reports

May 4, 2021, Forecast Report Adjusted for Legislative Actions from the 2021 Legislative Session and Court Decisions

Economic Forum's May 4, 2021, General Fund revenue forecasts for fiscal year 2020-21, fiscal year 2021-22 and fiscal year 2022-23 for the 2021-2023 biennium, adjusted for actions approved by the Legislature during the 81st (2021) Session and court decisions

May 4, 2021, Forecast Report

Revised General Fund revenue forecasts for fiscal year 2020-21, fiscal year 2021-22 and fiscal year 2022-23 for the 2021-2023 biennium

2020 Reports

December 3, 2020, Forecast Report

General Fund revenue forecasts for fiscal year 2020-21, fiscal year 2021-22 and fiscal year 2022-2023 for the 2021-23 biennium

2019 Reports

May 1, 2019, Forecast Report Adjusted for Legislative Actions and Approved Tax Credits

Economic Forum's May 1, 2019, General Fund revenue forecasts for fiscal year 2018-19, fiscal year 2019-20 and fiscal year 2020-21 for the 2019-2021 biennium, adjusted for actions approved by the Legislature during the 80th (2019) Session and the 31st Special Session (July 2020)

May 1, 2019, Forecast Report Adjusted for Legislative Actions and Approved Tax Credits

May 1, 2019, Forecast Report

Revised General Fund revenue forecasts for fiscal year 2018-19, fiscal year 2019-20 and fiscal year 2020-21 for the 2019-2021 biennium

2018 Reports

December 3, 2018, Forecast Report Adjusted for General Fund Repayment Approved in Section 39 of Assembly Bill 518 (2017 Session) - REVISED - January 2, 2019

General Fund revenue forecasts for fiscal year 2018-19, fiscal year 2019-20 and fiscal year 2020-21 for the 2019-21 biennium, adjusted for General Fund repayment approved in Section 39 of Assembly Bill 518 (2017 Session)

December 3, 2018, Forecast Report

General Fund revenue forecasts for fiscal year 2018-19, fiscal year 2019-20 and fiscal year 2020-21 for the 2019-21 biennium

2017 Reports

May 1, 2017, Forecast Report Adjusted for Legislative Actions and Approved Tax Credits from the 79th 2017 Session - REVISED - November 9, 2017

Economic Forum's May 1, 2017, General Fund revenue forecasts for fiscal year 2016-17, and fiscal year 2017-18 and fiscal year 2018-19 for the 2017-19 biennium, adjusted for actions approved by the Legislature during the 2017 Session (79th Session)

May 1, 2017, Forecast Report Adjusted for Legislative Actions from the 2017 Session and Approved Tax Credits

May 1, 2017, Forecast Report

Revised General Fund revenue forecasts for fiscal year 2016-17, fiscal year 2017-18 and fiscal year 2018-19 for the 2017-19 biennium

2016 Reports

December 6, 2016, Forecast Report

General Fund revenue forecasts for fiscal year 2016-17, fiscal year 2017-18, and fiscal year 2018-19 for the 2017-19 biennium

2015 Reports

May 1, 2015, Forecast Report Adjusted for Legislative Actions from the 2015 Session and Approved Tax Credits – REVISED – May 27, 2016

Economic Forum's May 1, 2015, General Fund revenue forecasts for fiscal year 2014-15, and fiscal year 2015-16 and fiscal year 2016-17 for the 2015-17 biennium, adjusted for actions approved by the Legislature during the 2015 Session (78th Session) and tax credits approved in the 2013 and 2015 Regular Sessions and 28th Special Session (2014) and 29th Special Session (2015)

May 1, 2015, Forecast Report Adjusted for Legislative Actions from the 2015 Session and Approved Tax Credits – REVISED – January 12, 2016

May 1, 2015, Forecast Report Adjusted for Legislative Actions from the 2015 Session and Approved Tax Credits

Economic Forum's May 1, 2015, General Fund revenue forecasts for fiscal year 2014-15, and fiscal year 2015-16 and fiscal year 2016-17 for the 2015-17 biennium, adjusted for actions approved by the Legislature during the 2015 Session (78th Session) and tax credits approved In the 2013 and 2015 Regular Sessions and 28th Special Session (2014)

May 1, 2015, Forecast Report

Revised General Fund revenue forecasts for fiscal year 2014-15, fiscal year 2015-16, and fiscal year 2016-17 for the 2015-17 biennium

2014 Reports

December 3, 2014, Forecast Report

General Fund revenue forecasts for fiscal year 2014-15, fiscal year 2015-16, and fiscal year 2016-17 for the 2015-17 biennium

2013 Reports

May 1, 2013, Forecast Report Adjusted for Legislative Actions from the 2013 Session - REVISED - September 5, 2014

Economic Forum's May 1, 2013 General Fund revenue forecasts for fiscal year 2012-13, and fiscal year 2013-14, and fiscal year 2014-15 for the 2013-15 biennium adjusted for actions approved by the Legislature during the 2013 Session (77th Session)

May 1, 2013, Forecast Report Adjusted for Legislative Actions from the 2013 Session

Economic Forum's May 1, 2013, General Fund revenue forecasts for fiscal year 2012-13, and fiscal year 2013-14, and fiscal year 2014-15 for the 2013-15 biennium adjusted for actions approved by the Legislature during the 2013 Session (77th Session)

May 1, 2013, Forecast Report

Revised General Fund revenue forecasts for fiscal year 2012-13, and fiscal year 2013-14, and fiscal year 2014-15 for the 2013-15 biennium

2012 Reports

November 30, 2012, Forecast Report

General Fund revenue forecasts for fiscal year 2012-13, fiscal year 2013-14, and fiscal year 2014-15 for the 2013-15 biennium

2011 Reports

May 2, 2011, Forecast Report

Revised General Fund revenue forecasts for fiscal year 2010-11, and fiscal year 2011-12 and fiscal year 2012-13 for the 2011-13 biennium. Forecast Comparison

May 2, 2011, Forecast Report Adjusted for Legislative Actions from the 2011 Session

Economic Forum's May 2, 2011, General Fund revenue forecasts for fiscal year 2010-11 and fiscal year 2011-12 and fiscal year 2012-13 for the 2011-13 biennium adjusted for actions approved by the Legislature during the 2011 Session (76th Session) and court decisions