Wyoming faces a multi-million dollar deficit in the 2017-18 biennium and the specter of plummeting revenue looms large on the horizon. Why then, is the State Loan and Investment Board (SLIB) about to rubber stamp funding to help lift a new $18 million terminal off the ground at an airport that just last year lost 50 percent of its customer seating ...

Wyoming's Legislative Service Office (LSO) released a report evaluating Public Purpose Investments (PPI), the use of the Permanent Wyoming Mineral Trust Fund (PWMTF) to subsidize loans in the state. The report found that PPIs returned less financially than the Treasurer's regular portfolio. This is important because no matter how politicians try to...

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 magic...

Governments everywhere favor some companies over others by showering them with other people's money. In Wyoming, the constitution forbids legislators from giving tax dollars away directly, but this hasn't stopped indirect giveaways. One giveaway is called Public Purpose Investment, or PPI. Although sold on the basis of its supposed benefits, these ...

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 ...

by Charles Katebi Ever since Congress passed Obamacare in 2010, each April 15, the dreaded tax return filing day, brings ever more complexity to our federal tax code. This year's complexity is the employer mandate, the most harmful of the law's tax provisions because it spells trouble for businesses and workers alike. If the Supreme Court sides wit...

Have you ever wondered whether government should buy coal or natural gas, convert it to a higher valued product and then sell that product in the open market? If this sounds like a bad idea to you, you'd be right. Private companies have already invested their own money in this type of scheme and lost big. It is unlikely government would do better w...

The 2015 legislative session created a number of measures that put taxpayers into the risky business of supporting some private companies. It also, in contrast, set up the Minerals Tax Task Force that could turn this corporate welfare trend around. The job of the task force is to study and make recommendations for a fair, viable and simplified syst...

Imagine you have ten accounts you allocate your paycheck to every month. At bill time, you take money from two of these accounts, call them your traditional accounts, to pay your bills. One day, your paycheck suddenly plunges and you don't have enough flowing into these traditional accounts. No problem, you can just divert the flow from some other ...

by Charles Katebi If at first you don't succeed, try, try again. After the Wyoming legislature overwhelmingly rejected Medicaid expansion, its advocates returned to the drawing board to design another half-baked measure to help hospitals cope with the rising cost of uncompensated care. Senate File 145, otherwise known as the Uncompensated Care Bill...