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The Nevada Legislature approved $275 million in budget cuts Friday in a rare special session to balance the budget for the fiscal year that starts Tuesday.

In a speech to the Assembly early in the day, Speaker Barbara Buckley, D-Las Vegas, said: "The governor challenged lawmakers to meet this serious challenge, and meet it we will."

Senate Majority Leader Bill Raggio, R-Reno, predicted early on that lawmakers would finish in one day.

He was right. The Legislature adjourned a little over 12 hours after it opened.

Afterward, Gov. Jim Gibbons said he would review the approved bills in detail, but saw no problem in signing them into law.

MONDAY

Cab passengers will pay an additional 45 cents a mile starting July 6 after the Nevada Taxicab Authority voted unanimously to increase rates in reaction to rising gasoline costs.

The fare boost includes a permanent 20 cents per mile charge and a temporary 25 cents per mile fuel surcharge that could be increased if gasoline prices climb above an average of $5 a gallon.

TUESDAY

Nevada slipped in the Milken Institute’s 2008 State Technology and Science Index to the index’s bottom 10, falling from No. 43 in 2004 to No. 45 today. The Silver State fared worst in human capital, placing last in the nation. It also ranked No. 48 in technology and science work force. In technology concentration, at least, Nevada broke into the top half, coming in at No. 23.

WEDNESDAY

Economist Keith Schwer declared Southern Nevada’s economy has indeed entered a recession.

"This is the story line. Yes, there is a recession," said Schwer, director of the Center for Business and Economic Research at the University of Nevada, Las Vegas. "Three things come together to account for our outlook of a recession: oil, credit and housing."

THURSDAY

District Judge David Wall granted a preliminary injunction preventing authorities in Clark County from enforcing Assembly Bill 579, a new law that categorizes sex offenders by the crime for which they were convicted instead of their risk of re-offending.

The law, commonly known as the Adam Walsh Act, was set to take effect on Tuesday.

FRIDAY

Las Vegas ranked poorly in a national study evaluating cities for the value of care their hospitals give patients.

Las Vegas placed No. 82 out of the country’s 100 biggest markets in an analysis that weighed hospitals’ affordability and efficiency against quality of care and patient satisfaction.

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