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Rep. Smyk Co-Sponsor's HB 109 – A "Budget Stabilization Fund"

Rep. Smyk Co-Sponsor's HB 109 – A "Budget Stabilization Fund"
wgmd.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wgmd.com Daily Mail and Mail on Sunday newspapers.

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Wyoming Lawmakers Consider Sales Tax Hike to Address Budget Issues

As the administration of President Joe Biden places new restrictions on the oil and gas industry and the COVID-19 pandemic continues to affect state economies, Wyoming lawmakers are discussing tax increases to shore up budget holes.
A report by the Wyoming Taxpayers Association (WTA) shows the state ranks among second in the nation, only behind New York, in K-12 education spending.
Gov. Mark Gordon and the Joint Appropriations Committee are presenting a balanced budget for the general fund, Ashley Harpstreith, executive director of the WTA, told The Center Square.
“The problem lies in the [Wyoming] School Foundation Program which is outside our general fund, and there’s still a $298 million deficit,” Harpstreith said. ....

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Wyoming revenue projections see $82.2 million boost buoyed by better energy, sales tax outlook

Wyoming revenue projections see $82.2 million boost buoyed by better energy, sales tax outlook
By Brendan LaChance on January 12, 2021
(Shutterstock)
CASPER, Wyo. Wyoming is looking at a more promising revenue picture than projected in the fall, buoyed by improved sales and use tax forecasts and increased oil and coal production estimates.
The Consensus Revenue Estimating Group’s (CREG) January report forecasts an increase in revenues for the state during the fiscal year 2021-2022 biennium of $82.2 million compared with their October projections.
The January CREG report forecasts a total of about $2.3 billion in revenues for the state during the biennium. The report increased projections for the General Fund by $58.1 million and for the Budget Reserve Account of $24.1 million. ....

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