Nevada Fiscal Statistics

StatisNostics/State Financials/Nevada
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20122024
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State Revenue Analysis (Nevada: 2012–2024)

Population: 2,755,245 → 3,177,772 (15.3% change)

Overall Revenue Trends

Total Revenue▲ 130.9%
$11,687,021,000 (2012)→$26,988,017,000 (2024)
Per Capita Revenue▲ 100.2%
$4,242 (2012)→$8,493 (2024)
Fund Balances▼ 100%
$3,401,481,000 (2012)→$0 (2024)
Revenue Volatility✓ Low
Avg. fluctuation: 8.9%

Major Tax Revenue

Property Tax▲ 674.4%
$234,522,000 (2012)→$1,816,136,000 (2024)
Sales Tax▲ 144.7%
$3,433,958,000 (2012)→$8,401,907,000 (2024)

Utility Revenue

Water Utilities▲ 158.8%
$1,169,000 (2012)→$3,025,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 729.7%
$142,542,000→$1,182,710,000
Property Tax▲ 674.4%
$234,522,000→$1,816,136,000
Interest Earnings▲ 522.8%
$102,276,000→$637,009,000

Declining/Slowest Growing Sources

Housing & Community Development Charges▼ 99.1%
$3,407,000→$30,000
Rents▼ 97.1%
$23,130,000→$682,000
Hospital Charges▼ 92.6%
$3,393,000→$250,000

Revenue Forecast

Projected Revenue (Next Year)▲ 2.4%
Estimated: $27,641,011,506
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Total General Sales Taxes29.4%
Federal Intergovernmental Public Welfare10.5%
Amusement Tax7.8%
Federal Intergovernmental Education4.6%
Unemployment - Contribution4.2%
Federal Intergovernmental Highways4.0%
Taxes Not Elsewhere Classified3.2%
Higher Education Tuition Charges3.0%
Severance Tax2.6%
Motor Fuels Sales Tax2.5%
Miscellaneous General Revenue Not Elsewhere Classified2.4%
Federal Intergovernmental Other2.3%
Insurance Premium Tax2.0%
Property Tax2.0%
Occupation & Business License Not Elsewhere Classified1.9%
Other Selective Sales Taxes1.6%
All Other Not Elsewhere Classified Charges1.6%
Local Intergovernmental Public Welfare1.4%
Motor Vehicle License1.4%
Federal Intergovernmental Health & Hospitals1.2%
Tobacco Sales Tax0.9%
Interest Earnings0.9%
Amusement License Tax0.8%
Higher Education Auxiliary Charges0.8%
Federal Intergovernmental Employment Security Administration0.8%
Electric Utilities Revenue0.8%
Donations From Private Sources0.6%
Corporation License Tax0.6%
Fines & Forfeits0.5%
Local Intergovernmental Highways0.5%
Documentary & Stock Transfer Tax0.4%
Federal Intergovernmental Other Natural Resources0.4%
Alcoholic Beverage Sales Tax0.4%
Federal Intergovernmental Water Utilities0.2%
Federal Intergovernmental Sewerage0.2%
Local Intergovernmental Education0.2%
Federal Intergovernmental Housing & Community Development0.2%
Rents0.2%
Public Utilities Tax0.2%
Motor Vehicle Operators License0.2%
Local Intergovernmental Other0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Hunting & Fishing License0.1%
Local Intergovernmental Health & Hospitals0.1%
Parks & Recreation Charges0.0%
Sale of Property0.0%
Other License Tax0.0%
Housing & Community Development Charges0.0%
Hospital Charges0.0%
Regular Highway Charges0.0%
Royalties0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Special Assessments0.0%
Water Utilities Revenue0.0%

2024 Revenue Breakdown

Total General Sales Taxes31.1%
Federal Intergovernmental Public Welfare18.9%
Property Tax6.7%
Amusement Tax4.6%
Federal Intergovernmental Health & Hospitals4.4%
Federal Intergovernmental Education3.3%
Unemployment - Contribution3.2%
Taxes Not Elsewhere Classified2.9%
Miscellaneous General Revenue Not Elsewhere Classified2.8%
Interest Earnings2.4%
Insurance Premium Tax2.3%
Higher Education Tuition Charges1.8%
Federal Intergovernmental Highways1.6%
Other Selective Sales Taxes1.5%
Motor Fuels Sales Tax1.5%
Federal Intergovernmental General Support1.4%
Occupation & Business License Not Elsewhere Classified1.1%
All Other Not Elsewhere Classified Charges1.1%
Motor Vehicle License0.9%
Federal Intergovernmental Other0.7%
Tobacco Sales Tax0.6%
Local Intergovernmental Public Welfare0.5%
Donations From Private Sources0.5%
Documentary & Stock Transfer Tax0.4%
Severance Tax0.4%
Amusement License Tax0.4%
Higher Education Auxiliary Charges0.4%
Corporation License Tax0.3%
Federal Intergovernmental Employment Security Administration0.3%
Public Utilities Tax0.3%
Federal Intergovernmental Other Natural Resources0.2%
Fines & Forfeits0.2%
Alcoholic Beverage Sales Tax0.2%
Electric Utilities Revenue0.2%
Unemployment - Interest Revenue0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Motor Vehicle Operators License0.1%
Local Intergovernmental Health & Hospitals0.1%
Local Intergovernmental Other0.1%
Hunting & Fishing License0.1%
Parks & Recreation Charges0.0%
Sale of Property0.0%
Federal Intergovernmental Housing & Community Development0.0%
Federal Intergovernmental Sewerage0.0%
Other License Tax0.0%
Local Intergovernmental Education0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Special Assessments0.0%
Regular Highway Charges0.0%
Water Utilities Revenue0.0%
Rents0.0%
Royalties0.0%
Hospital Charges0.0%
Housing & Community Development Charges0.0%

Key Insights

  1. 1Total revenue increased by 130.9% from 2012 to 2024, representing a significant change in the state's financial position.
  2. 2Utility revenue growth was exceptional, with water up 158.8%, suggesting infrastructure expansion or rate adjustments.
  3. 3Population changed by 15.3%, while per-capita revenue changed by 100.2%.
  4. 4The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
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State Expense Analysis (Nevada: 2012 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 257%
$3,487,891,000→$12,457,345,000
Per Capita Spending▲ 210%
$1,266→$3,920

Population Trends

Population Change▲ 15.3%
2,755,245 (2012)→3,177,772 (2024)

Public Safety Expenses

Police Protection▲ 42%
$86,719,000 (2012)→$123,515,000 (2024)
Fire Protection▼ 0%
$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 52%
$215,153,000 (2012)→$327,687,000 (2024)
Sewerage Operations▼ 0%
$0 (2012)→$0 (2024)

Administrative Expenses

Financial Administration▲ 136%
$159,593,000 (2012)→$376,883,000 (2024)
General Expenses▲ 160%
$257,931,000 (2012)→$670,028,000 (2024)

Nevada Key Insights

  1. 1Per capita expenditures grew by 210%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2General expenses increased dramatically by 160%, which may indicate classification changes, new initiatives, or reporting adjustments
  3. 3Financial Administration was the fastest growing major expense category at 136% increase
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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▼ 6%
$3,085,712,000 (2012)→$2,888,477,000 (2024)
Industrial Revenue Debt▼ 100%
$811,006,000 (2012)→$0 (2024)
Per Capita Debt▼ 19%
$1,120 (2012)→$909 (2024)

Population Trends

Population Change▲ 15.3%
2,755,245 (2012)→3,177,772 (2024)

Debt Management

Most Recent Year (2024)

Issued:$269,839,000
Retired:$197,705,000
Net Change:+$72,134,000

Debt Retirement Trend

$601,632,000 → $197,705,000▼ 67%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2024, with a move toward lower debt levels.