SAN FRANCISCO — If Nevada Gov. Jim Gibbons gets his way, there will be no new taxes to fill the state’s gaping budget hole, though residents will be given the option of buying gift certificates to pay teachers’ salaries.

Nevada’s general fund revenue for the 2009-2011 biennium will fall $962 million short of projections made when the budget was passed in 2009, according to the most recent projections from the governor’s budget office.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.