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Joe Lombardo: “Ten years ago, the Rainy Day Fund had a balance of $330…”

Featuring: Joe Lombardo, Republican | Governor of Nevada

Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response

Published January 16, 2025 | Video Starts at 10:07

To that end, my budget includes a record high reserve in the Rainy Day fund who of $1.3 billion. Just imagine, 10 Ten years ago, the Rainy Day Fund had a balance of $330 million. Four years ago, due to the pandemic, it was drained to zero. We made smart fiscal decisions and we instituted prudent policies to protect ourselves. (10:07–10:14)

CLAIM

Asserts that the Rainy Day Fund balance was $330 million ten years ago.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Joe Lombardo

“In 1925, Nevada's population was 85,000. Today, we're over 3.2 million.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 04:29-04:37
“When I took over as governor, the IT project to replace our HR and financial operations systems had spent more than $100 million, but was no…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 05:42-05:58
“Nearly 1.6 million Nevadans are working, marking the highest number in our state's 160 year history.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 08:18-08:26
“With over 80% of our state under federal control, bureaucratic delays have driven up costs and shut down opportunities.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 20:15-20:24
“I am proud to announce that the first phase of the financial system went live on January 2nd.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 05:59-06:05
“The HR system is on track to be fully implemented this summer, on time and within budget.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 06:22-06:29
“In two years, we've reduced the employee vacancy rate from 25% to half of that.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 07:32-07:37
“Nevada's unemployment rate stands at 5.7%.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 08:40-08:44
“My budget includes a record high reserve in the Rainy Day fund of $1.3 billion.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 09:53-10:01
“Four years ago, due to the pandemic, [the Rainy Day Fund] was drained to zero.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 10:14-10:18
“Last session we added over $2 billion in new funding for Nevada students and schools, the largest education investment in our state's…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 11:03-11:13
“We created transportation options for students who choose to attend charter schools.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 12:06-12:27
“I'm proud to present you a $12.7 billion executive budget that meets the commitments we made last session on pay raises for public employees…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 13:00-13:13
“My budget will make teacher pay raises permanent.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 13:16-13:20
“I'll be extending pay raises to all charter school teachers.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 13:35-13:40
“This is a budget that's centered and balanced on the promise of not raising taxes.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 14:24-14:29
“The state of our state is steadily improving.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 14:46-14:50
“Last month I declined to include millions of dollars in state agency requests for more funding in this budget.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 15:33-15:41
“We will be splitting up the Department of Health and Human Services.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 16:25-16:29
“I will stand up the Nevada Health Authority which will be assigned the critical responsibilities of managing Medicaid, the Health Exchange…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 16:30-16:44
“Leveraging that power enables us to cut a better deal for taxpayers while offering better insurance options for Medicaid members.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 17:09-17:17
“The root cause of our crisis is Nevada. Families and builders are being held back by the federal government's reluctance to release the land…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 20:04-20:14
“My administration has fought hard to change that, pushing Washington to make land available for the people who need it most.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 20:24-20:32
“The Nevada Attainable Housing act is our action plan to get this done.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 21:57-22:02
“The bill prioritizes state funding that I will support, that will support, excuse me, $1 billion in new attainable housing units across…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 22:13-22:31
“Just this week, the Office of Economic Development formally approved the Campus for Hope.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 24:01-24:07
“A 200 million dollar initiative that embodies the power of public private partnership.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 24:07-24:13
“Nevada is home to some of the best doctors, nurses and hospitals in the country.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 25:16-25:21
“With some of the lowest provider to patient ratios in the nation, far too many Nevadans are left waiting for care, or worse, going without…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 25:28-25:36
“By 2028, all health insurance plans in Nevada will be required to adopt standardized and digitized prior authorization plans.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 25:51-26:02
“We're doubling our investment in graduate medical education, incentivizing providers to serve in underserved areas, and leveraging…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 26:13-26:36
“At the heart of this effort is the creation of Nevada Health Authority, a streamlined agency designed to address our state's most pressing…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 27:02-27:11
“In 2023, we delivered the largest investment in K12 education in Nevada's history.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 28:01-28:07
“We've invested the money, a lot of it, and we made a solid commitment to students, families and educators.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 28:16-28:24
“We can no longer accept the lack of funding as an excuse for chronic underperformance.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 28:43-28:49
“The Nevada Accountability and Education act sets out four specific areas how we intend to impose accountability, accelerate improvement, and…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 30:09-30:23
“We are expanding open enrollment policies to break down geographic barriers and provide transportation support to make choice available for…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 30:46-30:57
“The Excellence in Education Fund will reward Nevada's highest performing teachers and administrators.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 31:15-31:21
“In 2023, we set out to change [laws that softened criminal penalties]. I sponsored and you passed legislation strengthening certain elements…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 32:45-32:55
“I will be forwarding for your consideration the Safe Streets and Neighborhoods Act.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 32:59-33:05
“My proposed legislation reduces the felony theft threshold and implements enhanced penalties for repeat offenders.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 33:48-33:55
“The Safe Streets and Neighborhoods act prohibits the use of diversion courts for offenders who commit crimes against the most vulnerable…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 34:27-34:39
“My bill takes direct aim at this crisis by reducing trafficking thresholds to stop illegal drugs and the criminals who push them.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 34:55-35:05
“We are rethinking economic development to focus on strategies that directly benefit businesses, workers and families already established in…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 35:39-35:50
“By modernizing incentives, we are ensuring that industries that create high quality jobs, advance clean energy and address essential needs…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 35:50-36:03
“Targeted tax credits for childcare facilities, for example, help working families but also support businesses in building a stronger, more…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 36:20-36:31
“In our state government, we have over 300 boards and commissions.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 37:21-37:26
“Thanks to the legislature's passage of SB431 last session, we made early strides in centralizing oversight, improving transparency and…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 37:26-37:41
“The bat of voters agreed with me and voter ID received more total votes than any candidate or any question on the 2024 ballot.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 40:48-41:07
“It makes zero sense to keep counting ballots four days after an election.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 41:24-41:29
“Working together with Secretary of State Cisco Aguilar, we can enact a simple bipartisan fix to finish our elections on time.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 42:02-42:11
“If the legislature chooses not to pass [the election fix], I'll again lead an effort to take it to the voters.”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 42:26-42:33
“In my first state of the state, I stood before you and said my administration will govern with transparency, candor and integrity. And we've…”
Nevada Gov. Joe Lombardo delivers State of the State Address followed by Democratic Response | Uploaded January 16, 2025 | 46:35-46:45