Nevada Lawmakers Approve Bigger 'rainy Day' Fund

By CATHY BUSSEWITZ

CARSON CITY, Nev. (AP) — The Nevada Assembly voted unanimously on Wednesday to revamp the state's "rainy day" fund and ensure that more money is set aside in the event of future fiscal crises.

The bill, introduced by Assembly Speaker Barbara Buckley, D-Las Vegas, would require the governor and Legislature to set aside 1 percent of the state's total anticipated revenue in a forced savings account.

"We're experiencing the great recession," Buckley said. "No rainy day fund is going to insulate us from times like these, but we are so unprepared compared to any other state." ...