Lawmakers hear grim fiscal news from CREG chair
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.