US EditionNevada has written off more than $106 million in bad debt since 2023
Nevada wrote off $106 million in uncollectible debt due to bankruptcies, legal issues, and unpaid fines, with $85 million approved in September 2023, state officials said.
- The Nevada Board of Examiners approved over $106 million in bad debt write-offs since the start of 2023, including about $85 million in September 2023.
- The controller's office determines which debts are collectible and submits qualifying debts to the Nevada Board of Examiners for final approval, while certain agencies like the Gaming Control Board conduct independent collection efforts.
- Bankruptcies, debtor death, legal findings and business closures explain many write-offs, while more than $13 million resulted from unpaid wages tied to Labor Commissioner decisions and over $12 million came from Medicaid and child care overpayments.
- Deputy Controller James Smack said taxpayers' concerns are understandable given the sums relative to annual revenue, officials noted write-offs have not disrupted state programs and payments from early 2010s are still pursued.
- Preliminary fiscal year 2025 projections show $387,000,000 in expected uncollectible payments, while the Controller's office is in talks with vendors and exploring an AI chatbot to improve collections.
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Associated Press News
Nevada has written off more than $106 million in bad debt since 2023
Since the start of 2023, Nevada has written off more than $106 million in “bad debt,” meaning state officials have deemed it impossible or impractical to collect, according to a Nevada Independent analysis.
Nevada Writes Off $106 Million In So-Called Bad Debt
(Carson City, NV) — Nevada has written off 106-million dollars in so-called bad debt. The Nevada Independent reports that the state has given up trying to collect that money. Some of the bad debt comes from businesses that have gone bankrupt and from a criminal who was convicted of committing Medicaid fraud. Nevada does not have a law that automatically eliminates bad debt after 10 years, so some of the money has been owed to the state for three…
Why Nevada has written off $106M in ‘bad debt’ in recent years - The Nevada Independent
Collecting debt is a fundamental — yet underdiscussed — part of Nevada’s government, and there have been minimal changes to the process in the past decade, despite tens of millions of dollars not ending up in state coffers as they should.
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