After reporting population declines in the 2020 census, many Wyoming towns and counties will see decreases in state and federal funding.
Long-serving Wyoming Department of Revenue Director Dan Noble was asked to resign following run-ins with liquor lobby, lawmakers and county officials.
Revenue-reducing measures typically outnumber state-income producers by a wide margin during a Wyoming legislative session, but the ratio is reversed this year.
Wyoming’s mineral-dependent tax structure has long ensured that economic diversification produces a net loss for the state. The pandemic-inspired work-from-home movement is exacerbating the problem.
West Virginia’s politics and economy look a lot like Wyoming’s, but it’s fiscal profile is much healthier because of diversification.