Sandoval: Raining day fund achieves highest ever balance
CARSON CITY — Nevada Gov. Brian Sandoval made the following statement Thursday after the state’s rainy day fund achieved its highest ever balance of more than $293 million this morning:
“When I took office in January 2011, the state’s rainy day fund balance was zero. As a direct result of the economic diversification and retention efforts we began, as well as diligent work by the Silver State and the Nevada family, a deposit of more than $55 million was made into the rainy day fund today, allowing the fund to reach its highest ever balance of more than $293 million. This is phenomenal news that all Nevadans should be proud of.
“Moving forward, with continued monthly marijuana tax revenue deposits, the rainy day fund balance will continue to grow. It is estimated that at the end of fiscal year 2019, the balance will be approximately $326 million.
“As I’ve said before, I am incredibly pleased by the work we have been able to accomplish over the last eight years and I am thankful that the Silver State is beginning 2019 on this momentum-filled high note.”
Governor-elect Steve Sisolak will be inaugurated as Nevada's 30th governor in Carson City on Jan. 7.