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4% income tax proposal would generate $58.4M annually for Wyoming K-12 education

4% income tax proposal would generate $58.4M annually for Wyoming K-12 education
oilcity.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilcity.news Daily Mail and Mail on Sunday newspapers.

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Gordon: K-12 education 'the biggest elephant' as Wyoming works to avoid $885M budget deficit

Gordon: K-12 education 'the biggest elephant' as Wyoming works to avoid $885M budget deficit
oilcity.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilcity.news Daily Mail and Mail on Sunday newspapers.

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Wyoming to debate cutting K-12 funding by $100 million to help avoid budget shortfalls

Wyoming to debate cutting K-12 funding by $100 million to help avoid budget shortfalls
By Brendan LaChance on February 9, 2021
(Dan Cepeda, Oil City)
CASPER, Wyo. The Wyoming Legislature will reconvene their 2021 General Session in March and one of the may topics of debate will be what should be done with K-12 education spending.
House Majority Floor Leader Albert Sommers (Sublette County) said during a press conference on Tuesday, Feb. 9 that the legislature will debate a proposal to cut K-12 education funding (provided through the School Foundation Program Account) by $100 million per year.
Wyoming Senate and House majority leaders said during the press conference that they expect the work of the legislature this session will be able to ensure a balanced budget for the remainder of the 2021-2022 biennium. ....

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Senate votes to reduce direct distributions – Sheridan Media

Senate votes to reduce direct distributions – Sheridan Media
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'The cliff is looming': Wyoming's deficit to balloon again to ~$885M; local funding in the crosshairs

By Brendan LaChance on February 1, 2021
The Capitol Building in Cheyenne Wyoming surrounded by smoke from the Mullen Wildfire (John Roedel, Cap City News September 26th, 2020)
CASPER, Wyo. The Wyoming Senate passed legislation on Friday, Jan. 29 which would reduce direct distributions to local governments by $10.5 million.
Cuts in state funding for counties and municipalities is being looked at as a way to help keep the budget deficit from ballooning again in coming years.
While cuts to state agencies may shore up Wyoming’s immediate budgetary woes, the deficit to the state’s General Fund, School Foundations Program Account and School Capital Construction Account is forecast to rise again to $75 million by the Fiscal Year 2023-2024 biennium and the shortfall could balloon further to around $885 million by FY 2025-2026. ....

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