Post by Logan on Apr 27, 2016 4:18:05 GMT -6
CHEYENNE – Wyoming state government agencies must implement sharp budget cuts in response to falling energy revenues, Gov. Matt Mead announced Friday.
State agencies must cut their spending by 8 percent below the $3 billion state budget lawmakers worked out earlier this year for the two-year spending cycle that begins in July, Mead announced Friday.
Mead spokesman David Bush said it’s unclear whether the cuts will result in state employee layoffs.
The cuts follow a state revenue update released Friday by the state’s Consensus Revenue Estimating Group – a panel of state financial experts who assess energy markets and other factors.
Read more: www.wyomingnews.com/news/mead-state-gov-t-agencies-must-start-slashing-budgets/article_22750246-0b73-11e6-b3d9-93525bb52681.html
State agencies must cut their spending by 8 percent below the $3 billion state budget lawmakers worked out earlier this year for the two-year spending cycle that begins in July, Mead announced Friday.
Mead spokesman David Bush said it’s unclear whether the cuts will result in state employee layoffs.
The cuts follow a state revenue update released Friday by the state’s Consensus Revenue Estimating Group – a panel of state financial experts who assess energy markets and other factors.
Read more: www.wyomingnews.com/news/mead-state-gov-t-agencies-must-start-slashing-budgets/article_22750246-0b73-11e6-b3d9-93525bb52681.html