Post by Logan on Jan 16, 2016 4:03:14 GMT -6
CHEYENNE – Lawmakers will have even less to spend this upcoming budget session than they previously thought.
The continued downturn in the state’s oil, natural gas and coal markets is expected to widen Wyoming’s budget shortfall by more than $78 million in available traditional funds, according to a new state revenue report.
This includes a reduction of $32 million for the fiscal year that ends June 30 and a dip of $46.4 million for the upcoming 2017-18 biennium.
Those amounts are in addition to the October announcement that the state faces a $617 million shortfall in general fund and budget reserve account revenues – collectively known as the state’s “traditional funds” – for the three-year period that ends June 2018.
Continue reading at www.wyomingnews.com/news/article_0fc97f94-bb5c-11e5-82f2-d3ae06608cbf.html .
The continued downturn in the state’s oil, natural gas and coal markets is expected to widen Wyoming’s budget shortfall by more than $78 million in available traditional funds, according to a new state revenue report.
This includes a reduction of $32 million for the fiscal year that ends June 30 and a dip of $46.4 million for the upcoming 2017-18 biennium.
Those amounts are in addition to the October announcement that the state faces a $617 million shortfall in general fund and budget reserve account revenues – collectively known as the state’s “traditional funds” – for the three-year period that ends June 2018.
Continue reading at www.wyomingnews.com/news/article_0fc97f94-bb5c-11e5-82f2-d3ae06608cbf.html .