Once the Legislatively Approved budgets are finalized, the Budget Division is responsible for ensuring sound fiscal management of State agencies throughout the biennium. Nevada’s constitution requires that the State have a balanced budget, which means it cannot deficit spend. As soon as it becomes apparent Nevada’s budget is becoming unbalanced, such as when revenues fall short of projections, adjustments must be made to keep the state operating in the black.
The Division regularly provides information to the Governor and Legislature on the budgetary status and operations of Executive Branch agencies. Since Nevada operates on a biennial budget cycle, oftentimes it is essential for departments/divisions to amend individual budget accounts to meet their actual needs or due to additional revenue such as federal grants. These requests for changes are facilitated by the Budget Division.