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Nevada

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Nevada

Annual tax revenue change: -4.9%
Jan.-Mar. 2008 tax revenue: $953 million
Annual home value change: -10.30%

Nevada has the worst foreclosure rate in the nation, and its economy has slowed dramatically this year. Lawmakers this week are grappling with how to cut another $250 million to fill an expected $1.2 billion revenue gap in the current 2007-2009 budget. Options include postponing a 4% cost-of-living raise for teachers, university workers, and state employees.