Wyoming Liberty Group
The Wyoming budget was broken up into a number of parts. In addition to the general appropriations bill we also had the State Capital Construction Bill and the Local Government aid bills. None of these other bills have gone to the governor yet.
How has the entire budget changed as it moved through the budget session and how has that effected the rainy day fund raid and the need to steal from future generations?
CHEYENNE, WY –Wyoming Governor Matt Mead signed Senate File 46 this afternoon, which amends civil asset forfeiture under the Wyoming Controlled Substances Act. The bill passed the Wyoming Legislature with a final vote of 90-0. It implements a preliminary hearing for property owners, increases the evidence required to forfeit suspected drug property, and provides legal fees to property owners when the state fails to prove its case for forfeiture, among other changes.
Or how to raid the rainy day fund and manipulate revenue forecasts all in one. Although on the surface, the purpose of SF 68 is to direct the governor and legislature on how to address budget shortfalls, it does much more. It creates the one percent severance tax account, gives the governor a tool to raid the rainy day fund, and changes who picks the members of the CREG.
Everybody wants the one percent
Did you know the State of Wyoming has more than one fund with handy cash ready for the taking? While most people think of the Legislative Stabilization Reserve Account (LSRA) as the rainy day fund, the state has hundreds of spend-ready funds. One of those, the Strategic Investment and Project Account (SIPA), could act as the source of funds for some of the capital construction projects legislators still want to fund, even as state revenue plummets.
For those who want to spend millions of dollars for elite athletics, hey - give your own money to the Cowboy Joe club. Don’t try to force the taxpayer to pay more for elite athletics. They have other priorities.
CHEYENNE, WY: The Wyoming Liberty Group released its Budget Frugality Scorecard today, which measures whether Wyoming legislators voted to increase or decrease the general appropriations budget through the budget amendment process. A Frugality Score measures the willingness of legislators to increase or decrease Wyoming’s deficit.
Maureen Bader and Gary Freeman talk about the Wyoming Frugality Scorecard and whether Laramie County legislators voted for a bigger rainy day fund raid or to reduce the rainy day fund raid now in the Wyoming budget.