budget

The Joint Revenue Committee began a discussion on how to transition to a monthly ad valorem tax collection schedule. During this year's budget session, legislators voted to slowly shift mineral producers from an 18-month lag in collection to a monthly schedule in order to reduce tax delinquency.

Wyoming legislators were told that state revenue projections are down $1.5 billion from January led by a huge drop in projected oil prices. 

Declining oil prices, a lack of substantial budget cuts, and concerns spending reserves dominated discussion as the Wyoming House and Senate gave final approval to its two-year budget.

Wyoming Gov. Mark Gordon unveiled a mostly flat budget, rejecting a number of budget increases. But he did not cut the existing budget, using reserve funds to balance the budget over the next two years. The governor did predict that budget cuts could be forthcoming as the state's revenue picture looks dicey.

In November, Curt Meier replaced now-Governor Mark Gordon as the state treasurer. Meier said the Treasurer's Office has been busy filling new staff positions while staying within budget.

Wyoming Governor Matt Mead said he wants to provide pay raises to state employees and K-12 educators in the state. The proposal is part of the governor's supplemental budget. Community College employees and some classified staff at the University of Wyoming would also be eligible for raises. Mead said the time is right.

The University of Wyoming Board of Trustees approved close to a $500 million budget for the fiscal year beginning July 1. That budget includes a $5.5 million allocation for salary adjustments. Eligible staff will see a pay bump in their August paycheck. 

The Wyoming House and Senate wrapped up budget work Friday. As predicted the Senate made several reductions to education spending. Senate Education Chairman Hank Coe says the cuts were outside of the classroom and were necessary when you look at the state’s fiscal situation. 

“If all the cuts take place that we are talking about here with what we did last year, we are talking about 5 percent in cuts total. Most agencies have taken ten and 12 percent, community colleges have taken 15 percent cuts, the University has cut $41 million. So, I think there’s room for reductions.”

Wyoming’s Consensus Revenue Estimating Group says that Wyoming’s income is slightly increasing and is $141 million over its January forecast.   

The report indicates increases in such things as interest income, sales tax, and oil revenues. Lawmakers use the CREG forecast to craft the state budget. A lot of that increase is already in hand due to end of the fiscal year revenue collections. 

No conclusive action was taken Thursday on House Bill 236 – the last standing piece of legislation, which addresses the $400 million education budget deficit.

Legislators and lobbyists expected the bill to come up for a concurrence vote on Thursday, but Speaker of the House Steve Harshman said he delayed action on the bill because he wanted one more day to work on it.  

“I’m going to actually sleep on it, and I’m gonna' keep working tonight on it,” said Harshman. “We’re still working. Working like dogs.” He added a few barks as he walked off down the hall.

The Wyoming House of Representatives and the Wyoming Senate have both passed their respective versions of the budget bill. The two bodies will now swap bills for consideration before a conference committee meets to select one final bill to adopt.

The Senate’s version cuts $91 million from public education funding, marking the largest difference between the two different versions.

Speaker of the House Steve Harshman is a school teacher in Casper, but Jackson Representative Andy Schwartz said that’s not why the House took a less severe approach to K-12 cuts.

The Senate passed its version of the budget Friday, after considering 34 amendments and adopting 18 to the bill. One of the largest amendments passed would cut $91 million from K-12 education funding.

One amendment intended to strip a measure cutting two percent of salaries of 100 series government employees, not including those in public education, generated considerable discussion.

Proposals for generating new state revenue failed to draw much support from the Wyoming Legislature’s Joint Revenue Committee during its meeting this week.

The committee rejected proposals to increase taxes on wind energy and tobacco. A bill that would have introduced a sales tax on services also failed and a proposal to repeal some sales tax exemptions was largely gutted. Of the nine sales tax exemptions considered, the committee voted to keep five of them intact.

The City Council in Casper voted to cut the city’s budget by more than a third on Tuesday.

While the cuts do not include any layoffs, Casper City Council member, Bob Hopkins, says there will be a reduction in capital spending, elimination of 23 vacant positions and early retirement for some city employees.

Hopkins says the primary goal of the cuts is to keep public services, like street maintenance and snow plowing, going during the economic downturn.

Wyoming’s current economic decline is beginning to effect the financial wellness of hospitals across the state. Earlier this week, Wyoming Medical Center in Casper announced they would cut 58 positions in order to balance their budget.

As many local governments are finalizing their budgets for the upcoming year, the city of Laramie is expected to feel the financial crunch happening at the state level.

The city is receiving about $2.2 million less from the state. In response to that, along with stagnant sales tax revenue, the city will eliminate 14 positions from various departments. Those positions include an animal control officer and two officers in the Laramie Police Department's Traffic Enforcement Unit.

The latest report from Wyoming’s Consensus Revenue Estimating Group says low oil prices and other factors have increased Wyoming’s current revenue shortfall by 32 million dollars and the shortfall for the next budget cycle by another 46 million.