Wyoming is scheduled to lose 53 million dollars in federal mineral royalties this summer along with other federal dollars due to the sequester.
Governor Matt Mead says higher than expected gas prices and other earnings will allow the state to overcome that loss of revenue. But during a news conference with reporters, Mead said that he will be worried if these federal cuts continue.
“You know if we do not have the reliability of our Wyoming companies putting money into that coffer and us getting the percentage back that we have relied upon, I cannot think of the challenges now, but that would be very difficult for the state of Wyoming.”
Mead says if federal dollars continue to get cut…it could be devastating.