Schools will require $222 million transfer

RIVERTON — A structural deficit in Wyoming’s K-12 school system will require a $222 million transfer from savings in the coming biennium, forecasters have informed the Joint Appropriations Committee.

“That is what is supporting the school foundation program going forward,” said Don Richards, cochairman of Wyoming’s Consensus Revenue Estimating Group, “a transfer from the Legislative Stabilization Reserve Account.”

The solution is not permanent: Richards said the LSRA is losing money, with its balance falling from more than $1.5 billion in the 2019-2020 biennium to a projected $1.22 billion for...

 

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