Economists still sorting election’s effects

A DJ spun tunes for voters at the Douglas County Community & Senior Center on Nov. 5 in Gardnerville.

A DJ spun tunes for voters at the Douglas County Community & Senior Center on Nov. 5 in Gardnerville.

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A presentation on how election results will affect the 2025 Legislative session will be conducted by Douglas County lobbyist Lindsay Knox of McDonald Carano on Thursday.

Commissioners meet 10 a.m. at the Douglas County Courthouse, 1616 Eighth St., Minden.

On Nov. 7, members of the Economic Forum heard that the results might end up scrambling projections used for their meeting scheduled for Dec. 2.

Moody Analytics Emily Mandel told forum members on Nov. 7 that the projections will definitely change based on the election results.

“There’s still uncertainty given what actual legislation occurs,” she said. “But full party control clears the way for some changes that we didn’t have last time.”

Nevada’s Economic Forum meets in December to forecast revenues used by the Governor’s Office to prepare its budget recommendations to the 2025 Legislature.

The five-member board created in 1993 will finalize that forecast next month, but Mandel said there might not be a significantly sharper economic picture for that meeting.

In her presentation, Mandel said that while the unemployment rate in Nevada is the highest in the nation, 5.7 percent as of Nov. 15, according to the Nevada Department of Employment, Training and Rehabilitation. The department reported Douglas had a 4.7 percent unemployment rate in September.

She said the previous tight labor market fueled some of the price increases and contributed to some of the major difficulties households were facing.