CARSON CITY, Nev. (AP) — A panel of fiscal experts Friday projected Nevada tax revenues will bring in $5.8 billion over the next two year budget cycle, about $343 million less than current spending levels.

The forecast by Nevada’s Economic Forum is based on existing law, under which a number of taxes would expire June 30. Gov. Brian Sandoval has said his budget proposal for the 2013-2015 biennium will extend at least some of those taxes, which would essentially maintain existing revenue levels, perhaps add a small cushion, if the economy continues to improve.