11 May 2020 – Rainy Day Fund to address state of fiscal emergency

Type of Intervention: Financial and Economic
Sectors Involved: Finance/Economy, Local Government
Level of Jurisdiction: NV
Lead People/Agency: Governor Steve Sisolak

Overview: Governor Steve Sisolak declared a Fiscal Emergency due to the COVID-19 pandemic in the state of Nevada. This announcement allows for the state of Nevada to dip into its “Rainy Day Fund”.
Full details here: http://gov.nv.gov/uploadedFiles/govnewnvgov/Content/News/Emergency_Orders/2020/5.11%20Fiscal%20Emergency%20(003).pdf

Type of Justification: Advice of INTERNAL government advisory committee or group, Learning from other jurisdictions, Perception of an increased threat
Evidence/Justification: “We must bring all options to the table and work together for all Nevadans to address the extraordinary budgetary shortfalls and do everything within our power and resources to protect critical governmental services.” – Gov. Sisolak