State long-term debt is real issue of concern, legislators say
Wyoming’s short-term revenue and budget problems are not as concerning as the state’s long-term deficit, according to two members of the Legislature’s Joint Appropriations Committee.
Peterson: How to fix Wyoming’s revenue struggles
Wyoming, by our state’s constitution, must have a balanced budget. Some would argue that we do not deficit spend in Wyoming while others would argue that we use the reserves to balance the budget which is, in a sense, deficit spending. From my own simple understanding, when we spend more in a period than we take in, it is deficit spending.
Appropriations members say budget difference just part of the process
Differences between the House and Senate over the proposed supplemental budget are just part of the legislative process and center largely on what constitutes necessary spending, two members of the Joint Appropriations Committee said Thursday.