revenue

Stephanie Joyce / Wyoming Public Radio

The Wyoming legislature has started work on a budget that proposes $450 million in cuts. The reductions are due to declining revenues from the energy industry and impacts from COVID-19.

Bob Beck

The Wyoming House Education Committee has come up with a brand new bill to address the school funding shortfall. The committee set aside House Bill 61 that they had been working on in favor of a new bill, House Bill 173 that now would reduce education funding by $31 million.

Wyoming Legislature

Wyoming's House Transportation Committee voted to advance a bill that would increase the state's fuel tax by nine cents.

Photo: 123RF.COM

A Wyoming legislative committee has voted down a tax bill that could have raised over $40 million in the next three years by removing the sales tax exemption on large data centers.

Economic Development professionals and the Mayor of Cheyenne opposed the bill, telling lawmakers that data centers as they are provide more of an economic impact than a sales tax would provide.

Mark Brennan via Creative Commons Attribution-Share Alike 2.0 Generic license

After a lengthy discussion, the Wyoming House of Representatives gave initial approval to a bill that increases the amount of maintenance money state parks can use.

Bob Beck

The Wyoming Senate voted Friday to cut funding to local governments for the coming year. The reduction is part of the need to address the loss of revenue to the state due to the downturn in the energy industry. The $10.5 million reduction will impact communities differently, but likely will impact things like staffing and services to the public.

Catherine Wheeler

Despite the pandemic, Wyoming graduation rates rose again last year. State Superintendent of Public Instruction Jillian Balow said the statewide graduation rate was at 82.3 percent. It's the seventh straight year there was an increase.

CCO Public Domain

The state Senate Revenue Committee passed two bills that take different approaches to transitioning to a monthly ad valorem tax for the mining industry.

Stephanie Joyce

The Wyoming Consensus Revenue Estimating Group (CREG) said the state's revenue picture looks brighter. The latest CREG forecast shows an $82 million improvement from October. The news came as the legislature held an opening day session.

Jupiter Oxygen

Jupiter Oxygen Corporation has plans to set up shop right here in Wyoming.

"We looked at Texas. We looked at North Dakota. We looked at Colorado, New Mexico... We homed in on Wyoming for a number of, I think, right reasons," said Steve Krimsky, senior vice President of operations for Jupiter Oxygen.

Wind Farm Near Wheatland
Holly Copeland

The legislature's Joint Revenue Committee once again considered and voted against a bill that would have raised the generation tax on wind. This time from $1 per megawatt hour to $2 per megawatt hour. The bill would have also removed a three-year tax exemption enjoyed by wind energy producers.

University of Wyoming

Officials at the University of Wyoming have announced their draft proposal in response to a $42 million budget cut. It includes potential impacts to seven different colleges on campus, athletics, and positions, most of which are currently unfilled. Wyoming Public Radio's Catherine Wheeler spoke with UW interim Provost Anne Alexander. First, Alexander laid out what's included in the draft plan.

Jeff Victor


Wyoming, like many states, has tried to strike a balance between letting businesses operate and slowing the spread of COVID-19. But businesses are struggling to keep their doors open amid a rapid rise in coronavirus cases.

The Crowbar and Grill in downtown Laramie had to radically alter its operations when COVID-19 hit Wyoming in March.

WYDOT

The Wyoming Department of Transportation (WYDOT) is looking at new options to generate revenue as the department faces a $135 million revenue shortfall.

The department is mainly funded by federal dollars and a fuel tax, but WYDOT Director Luke Reiner said the tax has its limitations.

Forty-two states are not prepared for a pandemic-induced recession. That’s the finding of a recent analysis from Moody’s Analytics. In the Mountain West, the prognosis isn’t as bad as it might seem at first.

Downtown Laramie, Wyoming
Bob Beck


This is a tough financial time for a lot of Wyomingites. But impacts on the general public also impact funding for local governments, which directly impacts a wide variety of services from law enforcement to streets.

WTI Crude pricing falling 20 percent since Friday, March 6.
oilprice.com

Oil prices fell 25 percent today in their steepest drop since 1991. The record stumble raises concerns of lasting impacts to Wyoming's revenue picture and energy producers in the state.

Cooper McKim

The House Revenue Committee sat down on an early Wednesday morning to a full audience. Chairman Dan Zwonitzer, who represents Cheyenne, switched seats in order to testify on a bill called "Reliable and Dispatchable Low-Carbon Energy Standards."

Bob Beck / Wyoming Public Radio

The State of Wyoming is working on a massive land deal that would involve one million square acres across southern Wyoming.

Forecasted revenue from different versions of the bill
Legislative Service Office

Wyoming's Joint Revenue Committee let a bill die without a vote that would have levied a tax on electricity generation whether it's coming from coal, hydroelectric, or wind. Members of the committee considered the Electrical Generation Tax as a way to generate additional funds for the state which is looking at a major budget deficit. This bill could have raised funds ranging from $3 million to $190 million per year.

Wyoming Legislature

Not only will Wyoming generate less money over the next three years, the state is also looking for at least $150 million to cover its next two-year budget, according to a new revenue report. But that number may actually be closer to $400 million.

Strong opposition to a proposed corporate income tax that was targeted at large-box stores will likely die this session without a vote. After a lot of opposition, the bill started to lose support in the Senate.

Uranium, coal, oil and gas, and wind energy are all being discussed this legislature -- and the word of the hour is revenue
Cooper McKim/Wyoming Public Radio

The big hitters in the energy industry are all back on the docket this session: coal, wind, uranium, and oil and gas. Unsurprisingly, the focus is on revenue for all of them. Here’s a look at a few of the bills still under discussion.

Bob Beck

If you walk the halls of the Jonah Building where the Wyoming legislature meets you will see lawmakers discussing hot topics related to education, health care, elections and what to do about Wyoming's growing prison population. But like most years the main focus is on money. For several years now lawmakers have worried about unstable revenue sources. 

Wyoming Legislature

Wyoming's Joint Revenue Committee will not change how ad valorem taxes are collected just yet. The one-time mineral property tax has left counties over $50 million in the hole, as of July, due to systematic issues like an 18-month wait for tax collection and prioritizing creditors in debt collection. An agreeable solution is still out of reach, with legislature cycling through the same options year after year.

Stephanie Joyce

A surge in oil prices has led to the best revenue report for Wyoming in a few years. The Consensus Revenue Estimating Group (CREG) is calling for Wyoming's general fund to see an increase of roughly $212 million in the next fiscal year and other sources of revenue are also expected to increase.

Falmouth Public Library

The Wyoming Joint Revenue Committee has voted to move forward with an optional municipal tax. It would allow any Wyoming town or city to institute its own one-cent sales tax to fund specific projects, a new source of revenue proponents say is sorely needed.

Cooper McKim


On Laramie's western edge, TNT Motorsports is lined with dirt bikes, Sea-Doo watercrafts, and gear with neon and flashy patterns. Yamaha and Fox logos hang on the wall as a yellow-shirted customer eyes the latest YZ 450 dirt bike.

money
CC0 Public Domain

Revenue is up nearly across the board in Wyoming — that’s according to the July update of the Consensus Revenue Estimating Group. CREG reports that the state general fund saw a $294 million increase in revenue - up 27 percent from the January forecast. Oil and gas production has also led to more tax revenue and helped revive industries such as manufacturing and transportation.

money
CC0 Public Domain

In another sign that Wyoming’s economy is improving, statewide inflation increased by just over two percent in the fourth quarter of 2017.

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