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Wyoming just got $500M from Biden's rescue plan. Now what?


Now, the state’s elected officials just have to figure out how to spend it.
Gov. Mark Gordon has announced his priorities for the funds health and social services, education and workforce and economic diversity and development efforts. Despite that, lawmakers and Gordon’s cabinet still need to fully understand federal guidance around how those dollars can be used, and agree on how best to spend them.
“[The governor] talks to lawmakers a lot,” Renny Mackay, Gordon’s policy advisor, said. “As the guidance comes out, we’ll dive more into what’s possible and what is not.”
Those challenges will be manifest. Unlike most states, Wyoming’s tax revenues have in the first five months of 2021 failed to recover from the damage of last year’s COVID-19 pandemic, according to April projections from the state’s Consensus Revenue Estimating Group. The economies of major metros like Casper have also been slow to rebound to pre-pandemic levels, according t ....

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Michigan faces $2B budget surplus this year, a $1.5B bump next year


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Lansing Michigan has about $2 billion more in revenue than initially expected for this fiscal year, state fiscal leaders concluded Friday, thanks in large part to federal stimulus dollars and increased consumer spending on goods. 
Budget experts also adjusted expected revenue for the fiscal year 2022 budget upwards from January estimates by $1.5 billion at the Consensus Revenue Estimating Conference.
There has just been an incredible amount of federal income support over the past 13 months, and that’s played a big role in our forecast,  said Jim Stansell, senior economist for the House Fiscal Agency.
The meeting came a day after the GOP-led Legislature and Gov. Gretchen Whitmer agreed to begin working together on the state budget and distribute billions of dollars in federal COVID-19 relief funding, some of which dates back to December.  ....

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