Nevada Fiscal Statistics

StatisNostics/State Financials/Nevada
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20122023
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State Revenue Analysis (Nevada: 2012–2023)

Population: 2,755,245 → 3,143,991 (14.1% change)

Overall Revenue Trends

Total Revenue▲ 114.1%
$11,687,021,000 (2012)→$25,017,181,000 (2023)
Per Capita Revenue▲ 87.6%
$4,242 (2012)→$7,957 (2023)
Fund Balances▼ 100%
$3,401,481,000 (2012)→$0 (2023)
Revenue Volatility✓ Low
Avg. fluctuation: 9.0%

Major Tax Revenue

Property Tax▲ 536.3%
$234,522,000 (2012)→$1,492,323,000 (2023)
Sales Tax▲ 131.7%
$3,433,958,000 (2012)→$7,958,061,000 (2023)

Utility Revenue

Water Utilities▲ 151%
$1,169,000 (2012)→$2,934,000 (2023)

Growth Analysis

Fastest Growing Revenue Sources

Federal Intergovernmental Health & Hospitals▲ 650.4%
$142,542,000→$1,069,607,000
Federal Intergovernmental Housing & Community Development▲ 536.7%
$23,535,000→$149,857,000
Property Tax▲ 536.3%
$234,522,000→$1,492,323,000

Declining/Slowest Growing Sources

Hospital Charges▼ 91.7%
$3,393,000→$281,000
Local Intergovernmental Education▼ 87.0%
$24,832,000→$3,230,000
Severance Tax▼ 73.6%
$303,038,000→$79,953,000

Revenue Forecast

Projected Revenue (Next Year)▲ 15.4%
Estimated: $28,881,220,097
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%

2023 Revenue Breakdown

Total General Sales Taxes31.8%
Federal Intergovernmental Public Welfare18.0%
Property Tax6.0%
Amusement Tax5.3%
Federal Intergovernmental Health & Hospitals4.3%
Federal Intergovernmental Education3.6%
Taxes Not Elsewhere Classified3.4%
Unemployment - Contribution3.3%
Miscellaneous General Revenue Not Elsewhere Classified3.0%
Insurance Premium Tax2.2%
Higher Education Tuition Charges1.9%
Federal Intergovernmental General Support1.8%
Other Selective Sales Taxes1.5%
Motor Fuels Sales Tax1.5%
Federal Intergovernmental Highways1.3%
All Other Not Elsewhere Classified Charges1.2%
Federal Intergovernmental Other1.2%
Occupation & Business License Not Elsewhere Classified1.2%
Motor Vehicle License0.9%
Tobacco Sales Tax0.7%
Federal Intergovernmental Housing & Community Development0.6%
Local Intergovernmental Public Welfare0.5%
Documentary & Stock Transfer Tax0.5%
Federal Intergovernmental Employment Security Administration0.5%
Donations From Private Sources0.5%
Interest Earnings0.4%
Higher Education Auxiliary Charges0.4%
Corporation License Tax0.4%
Severance Tax0.3%
Amusement License Tax0.3%
Fines & Forfeits0.3%
Public Utilities Tax0.2%
Alcoholic Beverage Sales Tax0.2%
Federal Intergovernmental Other Natural Resources0.2%
Electric Utilities Revenue0.2%
Natural Resources Not Elsewhere Classified Charges0.1%
Motor Vehicle Operators License0.1%
Local Intergovernmental Health & Hospitals0.1%
Sale of Property0.1%
Local Intergovernmental Other0.1%
Unemployment - Interest Revenue0.1%
Hunting & Fishing License0.1%
Parks & Recreation Charges0.0%
Federal Intergovernmental Sewerage0.0%
Other License Tax0.0%
Housing & Community Development Charges0.0%
Special Assessments0.0%
Regular Highway Charges0.0%
Local Intergovernmental Education0.0%
Water Utilities Revenue0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Hospital Charges0.0%

Key Insights

  1. 1Total revenue increased by 114.1% from 2012 to 2023, representing a significant change in the state's financial position.
  2. 2Utility revenue growth was exceptional, with water up 151.0%, suggesting infrastructure expansion or rate adjustments.
  3. 3Population changed by 14.1%, while per-capita revenue changed by 87.6%.
  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 - 2023)

Total Expenditure Trends

Operating Expenditures▲ 232%
$3,487,891,000→$11,580,228,000
Per Capita Spending▲ 191%
$1,266→$3,683

Population Trends

Population Change▲ 14.1%
2,755,245 (2012)→3,143,991 (2023)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 40%
$86,719,000 (2012)→$121,055,000 (2023)
Fire Protection▼ 0%
$0 (2012)→$0 (2023)

Infrastructure Expenses

Highways Maintenance▲ 36%
$215,153,000 (2012)→$293,053,000 (2023)
Sewerage Operations▼ 0%
$0 (2012)→$0 (2023)

Administrative Expenses

Financial Administration▲ 101%
$159,593,000 (2012)→$320,515,000 (2023)
General Expenses▲ 218%
$257,931,000 (2012)→$821,388,000 (2023)

Nevada Key Insights

  1. 1Per capita expenditures grew by 191%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2General expenses increased dramatically by 218%, which may indicate classification changes, new initiatives, or reporting adjustments
  3. 3Financial Administration was the fastest growing major expense category at 101% increase
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State Debt Analysis (2012-2023)

Debt Trends

Total Long-Term Debt▲ 1%
$3,085,712,000 (2012)→$3,110,458,000 (2023)
Industrial Revenue Debt▼ 100%
$811,006,000 (2012)→$0 (2023)
Per Capita Debt▼ 12%
$1,120 (2012)→$989 (2023)

Population Trends

Population Change▲ 14.1%
2,755,245 (2012)→3,143,991 (2023)

Debt Management

Most Recent Year (2023)

Issued:$303,776,000
Retired:$145,507,000
Net Change:+$158,269,000

Debt Retirement Trend

$601,632,000 → $145,507,000▼ 76%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1There appears to be a significant shift in debt management strategy between 2012-2023, with a move toward higher debt levels.