Las Vegas plans ‘belt tightening’ to help offset Badlands losses

Projecting a $24.9 million deficit to Las Vegas’ general fund budget for the upcoming fiscal year, city officials have called for a “belt-tightening” approach in managing the city’s finances.

“We have some fiscal challenges this year,” City Manager Mike Janssen told the City Council Wednesday. “Those fiscal challenges can be summarized by three primary ones.”

“One is the Badlands settlement that does require some belt tightening that you will see in this budget,” he added as he presented a tentative spending plan for fiscal year 2026, which kicks off this summer. “It has a significant impact on our general fund reserves.” read more...