Massive land, minerals purchase could dip deep into the state’s savings funds; proponents say it would bring much-needed revenues, but belt-tightening first.
rainy day fund
The anti-tax mood of the Legislature means there’s little chance the state’s revenue sources will be diversified this session
As mineral revenues drop, so to do Wyoming’s investment returns, an unusual situation that some argue calls for new investment thinking.
Lawmakers are on track to cut roughly 3 percent, out of the state budget as they conclude the first half of the 2016 budget session, according to estimates by the Republican majority of the Legislature.
Wyoming is inordinately reliant on mineral extraction for state revenue, and now must consider big budget changes in energy slump.