The State Budget Director said recent gains in the state’s main bank account are good but not guaranteed to continue.
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The tax revenues that pay for Wyoming’s government programs are coming in $73 million higher than predicted earlier this year, according to a state report.
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While the Wyoming’s main bank account is still expected to fall short of what is needed to pay for state operations for the next two years, the level of that deficit has been cut almost in half
Wyoming legislators will have $48 million less to spend over the next two years than originally believed, according to a report issued Friday.
Sales taxes, investment income, oil severance taxes and federal mineral royalties are proving to be the saving grace for state coffers, according to a recent report, but the overall revenue picture for Wyoming remains bleak.
Once upon a time, coal helped to usher in a new technological age. So much concentrated energy in such a convenient package helped power the steam engines that drove the Industrial Revolution, transforming the way we live and work. Now, with coal’s future anything but certain, innovators are looking for new uses for the mineral that could fuel a new carbon-based high-tech manufacturing industry.
