Legislature’s failure to diversify revenue streams, raise taxes and expand Medicaid exacerbate the current “Armageddon to Wyoming’s budget.”
An internal memo to the Legislature from its fiscal analysts anticipates $555 million to $2.8 billion in lost revenues from COVID-19 and an oil price war. “Armageddon,” in the words of one lawmaker.
The House on Friday passed a Gov. Mark Gordon-backed bill that would subsidize carbon capture projects through Wyoming residents’ electrical bills, without the original $1 billion subsidy limit.
The 65th Wyoming Legislature convened yesterday with much talk about a coming fiscal “storm” but little anticipation that lawmakers will batten down the hatches this year.
The secretary of state consulted Gordon before applying for judgeship, considers it a “compliment” the governor chose to keep him in the executive branch.