The dropping gold prices will mean less money for the state. The Las Vegas Review Journal is reporting that Nevada's state general fund will lose $70 million in the coming year because of the drop in gold prices. Governor Sandoval says he is working with the budget office to find other options to make up for the loss, but he remains confident that the shortfall will not hurt the state's operations.
Gold has dropped from roughly $1,800 per ounce two years ago to just below $1,300 right now.
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