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Carson City - So long, balanced budget. Hello, deficit spending. Legislators and Gov. Jim Gibbons announced on Tuesday a tentative agreement to bridge the state's $300 million budget shortfall by making $150 million in cuts and - to spare agencies even deeper cuts - borrowing $150 million from a local government investment account. If the plan is approved by the Legislature during a special session set for Dec. 8, it would be the first time since at least the Great Depression that Nevada has balanced its budget by borrowing money, according to state government observers.

The Nevada Department of Transportation's board of directors will hold a special meeting March 12 to discuss economic stimulus projects, according to Gov. Jim Gibbons' spokesman. Includes story on higher education stimulus funding.

Most legislative sessions don't start with a dress rehearsal. But last week's special session gave a sneak peek at what may lie ahead when the Nevada Legislature's regular session begins in February.

Legislative leaders and administration officials just finished a conference call and agreed on a "tentative framework" for cutting $331 million to $400 million from the state's budget, Speaker Barbara Buckley said Tuesday evening.

CARSON CITY -- Gov. Jim Gibbons said Friday he has reached an agreement with legislative leaders on a bipartisan plan to handle state government's $341.7 million budget deficit without laying off workers or cutting essential services. "This will have a minimal impact on state services," Gibbons said about their plan designed to balance the budget in the fiscal year that ends June 30.