Skip to Content

Wyoming facing financial trouble amid soft energy market

Wyoming Gov. Matt Mead says he intends to call on lawmakers to spend an undetermined amount from the state’s $1.5-billion rainy day fund to cover government operations in the face of sagging energy revenues.

The state’s Consensus Revenue Estimating Group released its annual revenue forecast Monday. The group projects revenues will fall about $156 million short of covering the two-year, $3-billion general fund budget that started in July.

The projected shortfall comes despite Mead cutting $250 million from agency budgets this summer.

Mead told reporters Monday he’s not proposing additional agency cuts and says the state should be able to cover shortfalls in agency funding when the Legislature convenes next year.

Article Topic Follows: News
Author Profile Photo

News Team


KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content