The costly lessons of the state's limited revenue diversity
December 16, 2020
Wyoming’s fiscal situation has grown very stormy in 2020.
The state has already administered a 10% cut across all agencies, followed by another $500 million this fall, with possibly more to come. It now looks like we’ll have to reduce the two-year budget from about $3.3 down to $2.4 billion in order to make it balance. This is too much to withstand if we hope to maintain needed state services.
Observers have long noted that Wyoming suffers because it has resisted diversifying the revenue streams with which it pays for general state government and public education.
The reality is a bi...