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.
With direct tax increases defeated once again, prominent House lawmakers are pushing revenue switches and a conditional sales tax increase to confront looming fiscal cliff.
An initial rejection of funding by the governor’s office and the death of a “sin tax” raise fears funding woes will kill Wyoming’s criminal justice reform before it’s begun.
Wyoming’s tax revenue collection has fallen farther than any state in the union except Alaska since the 2008 recession.
As the reality of coal revenue’s irreversible retreat sets in, discussions of how to otherwise fund state government grow more prominent, somber and difficult.