After adopting amendments to change some key aspects of the bill, the Wyoming Senate gave its final approval Friday to legislation outlining the stateâs K-12 education funding model with the inclusion of an estimated $45 million in cuts.
The legislation, as previously advanced by the House, included a conditional sales tax increase and phased-in cuts to save roughly $80 million through eliminated funding for inactive district health insurance plans. With the stateâs K-12 education system facing a structural revenue shortfall worth hundreds of millions of dollars, lawmakers in the House argued the conditional sales tax increase would provide a long-term insurance policy after the pursuit of cost-saving measures.