Lawmakers hear grim fiscal news from CREG chair
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June 24, 2020
RIVERTON — The state will enter a “cash negative situation” by the end of 2020 unless huge budget cuts are made, revenue experts told the Joint Appropriations Committee.
A 7-10 percent cut would allow the state to pay its bills through the beginning of 2021, Consensus Revenue Estimating Group co-chair Don Richards said in response to a question from Wyoming Sen. Eli Bebout, R-Riverton, who co-chairs the JAC.
“There (would) be sufficient cash flow to get to the general session,” Richard said, referring to the regular meeting of the Wyoming Legislature scheduled for January.
“It m...
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