Wyoming Liberty Group
During Governor Mead’s Business Forum in Cheyenne in November 2015, Dr. Robert Behn from Harvard University presented his theory on the budget cut challenge in the lead up to a discussion by a panel of legislators. Wyoming legislators must decide how to deal with a 25 percent reduction in revenue, a $155 million deficit in the education account for the next biennium alone and the reality that the Rainy Day Fund just isn’t big enough to bail out a spending level bloated by a decade of mineral tax windfall.
The state of Wyoming earmarks tobacco settlement funds to certain programs — and guess what. The programs cost more than the revenue they receive. As you might expect, the knee jerk reaction to this is to raise tobacco taxes to cover the shortfall. But let’s take a closer look.
Maureen Bader and John Birbari talk about Wyoming Governor Mead’s upcoming budget and where to weed out the waste to ensure we do not dig into the state’s legacy savings. October 29, 2015
Governor Mead announced he will cut approximately $200 million from the current fiscal year’s spending. This apparent burst of fiscal conservatism came as a result of a clause in the 2014 budget bill directing the governor to review agency budgets and reduce them if it looks like the fall in tax revenue will result in a deficit. Revenue has been on a downswing for a year now, but Governor Mead’s main solutions will only dig a deeper fiscal hole.
Maureen Bader and Gary Freeman talk about Governor Mead’s $200 million budget cut the revenue shortfall and one area to cut from government that appeals to potential voters, corporate welfare. October 9, 2015
Listen as Maureen Bader and Chuck Gray from KVOC talk about the revenue shortfall and the governor’s non solutions to the problems facing Wyoming. October 8, 2015