Governor: Wyoming Financial Outlook Remains Grim — More Budget Cuts Likely
Wyoming’s savings will not be able to offset the state’s cuts in the long-term.
CREG
Wyoming Governor Comments On Latest Budget Projections
The governor said ''We will continue to face significant challenges going forward and will need to continue to make tough decisions.''
Report: Up to $1.5 Billion Wyoming Revenue Hit Amid COVID-19
The report also predicts falling sales tax and mineral revenue will cause the state to exhaust its savings within two years.
Wyoming Economy Surpasses Expectations, But Other Issues Remain
State chief economist Wenlin Liu tells the Wyoming Tribune Eagle that the oil and gas sector continues to push the state's economy forward.
Oil Prices Drag Down Wyoming Revenue Forecasts
The report did note an increase in sales and use taxes mainly because of activity in the oil and gas sector.
Low Energy Prices
Wyoming fiscal analysts are warning that soft energy markets promise financial trouble for the state for years to come.
State Revenues Continue to Drop Off
The latest Consensus Revenue Estimating Group (CREG) update published today, indicates revenue for the first part of 2016 is trailing earlier projections by $9.9 million.