Wyoming Liberty Group
In a recent poll conducted on behalf of the Wyoming Liberty Group, Wyoming taxpayers overwhelmingly supported our Taxpayer Protection Pledge by saying they would be much more likely to vote for a candidate who had signed the pledge. In the same poll, voters said they believed Wyoming could get it's deficit spending under control through cuts in state spending and not through tax increases. Listen in as Charlie Katebi talks with Amy Edmonds about these important topics in this week's podcast.
- Wyoming needs more than budget trickery
The Consensus Revenue Estimating Group (CREG) released its April 2015 update, and the situation is not rosy. The update shows Wyoming state tax revenue collected between July 1, 2014 and March 2015, and how the revenue collection differed from expectations. It also includes what we can hope for the future. While revenue collections are for the most part slightly ahead of expectations, dark clouds are forming on the horizon.
An early warning signal started blinking back in October 2014 to alert Wyomingites about the effect of falling minerals prices on the state budget. The blinking has now turned into a frenetic flashing. The October revenue shortfall of $4.4 million for the 2015-16 budget now sits at $222 million. As a result, legislators must not only reject new spending that would add to this deficit, they must cut the current budgets of state agencies.