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Economic Forum

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 1 of even-numbered years and on or before May 1 of odd-numbered years. The December 1 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 must be used by the Legislature in balancing general fund appropriations with projected general fund revenues for each biennial budget period. This link provides 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 three of the members, one member is appointed by the Senate Majority Leader, and one member is appointed by the Speaker of the Assembly to serve for a two-year term.

The current members serving from February 2008 to February 2010 are:

Cathy Santoro, Chair - Appointed by Governor Jim Gibbons
John Restrepo, Vice Chair - Appointed by Governor Jim Gibbons
Michael R. Alastuey - Appointed by Assemblywoman Barbara E. Buckley (Speaker of the Assembly)
Bill Hartman - Appointed by Senator William J. Raggio (Senate Majority Leader)
Linda Rosenthal - Appointed by Governor Jim Gibbons

Click here for information on agendas and minutes of Economic Forum meetings.

ECONOMIC FORUM FORECAST REPORTS

These reports are in Adobe PDF format. You will need the Acrobat Reader to view these files.

December 1, 2000 Forecast Report – General Fund revenue forecasts for fiscal year 2000-01 and fiscal year 2001-02 and fiscal year 2002-03 for the 2001-2003 biennium.

May 1, 2001 Forecast Report – Revised General Fund revenue forecasts for fiscal year 2000-01 and fiscal year 2001-02 and fiscal year 2002-03 for the 2001-2003 biennium.

October 30, 2002 Preliminary Forecast Tables – Preliminary General Fund revenue forecasts for fiscal year 2002-03 and fiscal year 2003-04 and fiscal year 2004-05 for the 2003-2005 biennium.

December 2, 2002 Forecast Report – General Fund revenue forecasts for fiscal year 2002-03 and fiscal year 2003-04 and fiscal year 2004-05 for the 2003-2005 biennium.

May 1, 2003 Forecast Report - Revised General Fund revenue forecasts for fiscal year 2002-03 and fiscal year 2003-04 and fiscal year 2004-05 for the 2003-2005 biennium.

November 2, 2004 Preliminary Forecast Tables – Preliminary General Fund revenue forecasts for fiscal year 2004-05 and fiscal year 2005-06 and fiscal year 2006-07 for the 2005-2007 biennium.

December 1, 2004 Forecast Report – General Fund revenue forecasts for fiscal year 2004-05 and fiscal year 2005-06 and fiscal year 2006-07 for the 2005-2007 biennium

May 2, 2005 Forecast Report - Revised General Fund revenue forecasts for fiscal year 2004-05 and fiscal year 2005-06 and fiscal year 2006-07 for the 2005 -2007 biennium.

November 1, 2006 Preliminary Forecast Tables – Preliminary General Fund revenue forecasts for fiscal year 2006-07 and fiscal year 2007-08 and fiscal year 2008-09 for the 2007-2009 biennium.

November 30, 2006 Forecast Report – General Fund revenue forecasts for fiscal year 2006-07 and fiscal year 2007-08 and fiscal year 2008-09 for the 2007-2009 biennium.

May 1, 2007 Forecast Report – Revised General Fund revenue forecasts for fiscal year 2006-07 and fiscal year 2007-08 and fiscal year 2008-09 for the 2007-2009 biennium.

June 20, 2008 Forecast Report - Revised General Fund revenue forecast for fiscal year 2007-08 and fiscal year 2008-09 for the 2007-09 biennium.

December 1, 2008 Forecast Report – General Fund revenue forecasts for fiscal year 2008-09 and fiscal year 2009-10 and fiscal year 2010-11 for the 2009 2011 biennium.

May 1, 2009 Forecast Report - Revised General Fund revenue forecasts for fiscal year 2008-09 and fiscal year 2009-10 and fiscal year 2010-11 for the 2009 2011 biennium.