Legislature Urged To Consider Long Term Revenue
Thanks to a downturn in energy prices, Wyoming lawmakers are in a bind. As legislators prepare for the upcoming legislative session they will likely have to cut the budget, dip into reserves, and possibly divert money from flowing into reserve accounts in order to pay for the next two years.
The problem is that the economic downturn may last awhile. So how will the state find money to pay for things? This week Wyoming learned that Wyoming residents rank 48th in the nation in the amount of tax money they pay. Buck McVeigh is the Director of the Wyoming Taxpayers Association and he tells Bob Beck that the state may need to revisit its tax structure.