Wyoming lawmakers saved the pyrotechnics for the very last day of the 2021 legislative session, when House and Senate negotiators failed to compromise on the education funding bill.
There is no fool-proof mechanism for determining if and when a fiscal crisis will occur. But all else being equal, Madden writes, the larger a government's debt, the greater the risk.
There are some areas the state can’t finance with the roughly $1.3 billion it will receive from the ARP Act, but there appears to be sufficient flexibility to greatly ease the revenue crisis in Wyoming.
Revenue-reducing measures typically outnumber state-income producers by a wide margin during a Wyoming legislative session, but the ratio is reversed this year.
Undertaken every five years, the ‘recalibration’ analysis and reconsideration of Wyoming’s complex public-education funding and expenditures model takes on special urgency and import in 2021.