Horsford: Actual budget shortfall is $2.7 billion; Sandoval underestimating deficit

Monday, Dec. 6, 2010 | 3:49 p.m.

That's what state Senate Majority Leader Steven Horsford said during a taped interview to be be shown Monday evening on "Face to Face."

Horsford said if you take into account one-time expenditures, including the stimulus money and sunsetted taxes outside the general fund, the deficit actually grows by $1.6 billion — half of that for education. Because the general fund has to make up the difference, Gov.-elect Brian Sandoval, should he stick to his no-tax pledge, actually will have to make $2.7 billion in cuts, Horsford argues.

Horsford's math can be seen in the charts posted at right.

Watch the program at 6:30 on NBC affiliates for more or find it at mynews3.com after it airs.