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Move money to CUs suggested in Nevada revenue hunt
CARSON CITY, Nevada (2/22/10)--The state of Nevada should move its corporate accounts from major banking institutions to Nevada’s credit unions and community banks, according to a state policymaker. State Senate Majority Leader Steven Horsford (D-Las Vegas) told The Nevada Appeal that many businesses cannot obtain loans from national financial corporations. Horsford spoke to the newspaper regarding ideas policymakers have to generate more revenue for the state and reduce budget cuts. The state budget has an estimated $881 million shortfall (Nevada Appeal Feb. 19). The state should put its money into credit unions and banks, Horsford said, and then provide businesses incentives to invest in them. To read the full article, use the link.
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