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Legislation passed during the special session includes the requested flexibility
to take advantage of any direct federal funding for state governments, if
authorized, for this purpose, to replace lost revenue and restore reductions.
Flexibility is also included to continue to take advantage of the enhanced
Federal Medical Assistance Percentage (FMAP) if it is extended later this
month, which could also reduce the impact of the related reductions during
this fiscal year.
While all states are facing devastating impacts to their budgets as a result of
the COVID-19 recession, Nevada once again finds itself hit the hardest due to
an overreliance on an unbalanced revenue structure and the continued need
to successfully diversify our economy beyond hospitality and tourism.
As Governor, I have been faced with these budget realities and difficult
decisions day in and day out since this global pandemic hit Nevada a little
over four months ago in March. I know our lawmakers have also seen the
impacts of this virus in their districts, and in this special session they have
weighed the magnitude of this situation and its impacts on our State as a
whole. Now that the immediate budget crisis has been addressed, we must
recommit ourselves to uniting under our shared values and goals.
When Assembly Bill 3, which implements the vast majority of the budget
changes, is sent to the Governor’s Office, he intends to sign that bill, as well.
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