Wyoming forecast projects slight revenue bump
CHEYENNE, Wyo. (AP) — Wyoming's revenue projections are up a bit in the latest forecast from state budget analysts.
The state's Consensus Revenue Estimating Group released a report Monday projecting an extra $85 million in state revenues for the two-year budget cycle that runs through mid-2014. That would be in addition to the $3.2-billion budget the Legislature approved early this year.
The report also states Wyoming finished the last budget cycle with just over $200 million more than analysts had predicted in January.
While the extra money is good news, it's nothing like the huge surpluses that Wyoming routinely saw in the last decade.
Gov. Matt Mead has directed state agencies to prepare for 8-percent spending cuts as he prepares to submit budget recommendations to state lawmakers in December.