Wyoming Liberty Group
As the minerals boom turned to bust, so did the revenue supporting big government in Wyoming. Now our politicians have a choice. Should they:
- cut spending back to a level Wyoming taxpayers can afford;
- use revenues hoarded in savings accounts to continue spending at ever higher levels until savings run out, or;
- give money to private companies to magically increase state revenue?
The politically expedient choice at the moment appears to be: try to increase state revenues with a scheme known as corporate welfare.
As dreams of palaces turn into nightmares, Wyoming’s Capitol renovation project muddles along to fiscal disaster. After paying millions to design and architectural consultants and having state employees work on the project for more than a year, the committee has decided it’s time to hire someone to manage the project. But instead of hiring someone to translate the committee’s vision of sugar plums into reality, it should return to the original basic renovation, delete the executive building from the equation and cut out last minute costly niceties.
It is not a wonder the state is chugging towards the fiscal cliff with $300 million boondoggles like the Capitol renovation project riding the runaway train. With the final design still not approved and wild accusations flying around the committee room, this done deal is a good example of monument building destined to leave a legacy of debt and higher taxes for our children and grandchildren.
Maureen Bader joins John Birbari on KVOW-AM 1450/KTAK-FM 93.9 to talk about black clouds on Wyoming’s budget horizon and possible spending cut strategies to enable the legislature to avoid panic tax hikes and leaving a legacy of debt to our children and grandchildren. June 3, 2015
With mineral tax revenue plummeting, the Wyoming government is madly conjuring up schemes to keep spending at all time highs. One boondoggle approved during the 2015 legislative session involves borrowing money to build a coal terminal on the West Coast to support Wyoming coal exports to Asia. But if the private sector is dropping out of these projects, perhaps forcing the people of Wyoming to go into debt to fund them is a bad idea. Here’s a thought; instead of dreaming up revenue generating schemes with little chance of success, Wyoming’s government should bring spending down to a level the people can afford to fund.
If the governor decides to go with panic tax hikes, he might want to look at what happened to Alberta’s conservative-in-name-only government to see the result of that losing strategy. May 28, 2015