Wyoming Liberty Group
Wyoming citizens face a new threat from the State Legislature. However this threat is not a new tax proposal or another attempt to further regulate daily life. Rather, this threat is a power grab by legislative leadership to further concentrate power over the legislature in the hands of the top legislative offices. This will shift even more control over the rank and file lawmakers from Wyoming voters to micromanaging legislative leaders.
We won. The Department of Environmental Quality (DEQ) will not spend any money on the Clean Power Plan (CPP) until the Supreme Court's stay on the CCP is lifted, if ever.
Here, for the terminally curious, is the longer version.
Powering through savings won’t save the state
Wyoming’s Consensus Revenue Estimating Group presented its January forecast update this week. The update shows a continued fall in minerals revenue. No surprise, and given the current situation, expect more of the same as Wyoming’s budget session kicks into gear.
Current budget draws school Rainy Day Fund down to zero
All the hand wringing about the budget shortfall so far has focused on spend-as-usual government operations paid for with funds from traditional state spending accounts and augmented by a Rainy Day Fund raid. But the state has other accounts with an even bigger and more immediate problem: the K-12 education accounts. These accounts, just like the traditional accounts, are running short of cash. Governor Mead’s solution to the 2017-18 shortfall is to—wait for it—raid the school Rainy Day Fund!
Maureen Bader spoke with Doug Randall on KGAB about the non cuts in the current Wyoming budget and the need for budget reality in the upcoming legislative session.
During Louisiana governor Bobby Jindal’s visit to Wyoming in November 2015, he discussed his strategy to put Louisiana’s fiscal house in order. His basic philosophy of government is that we can grow the American economy or we can grow the government economy, we can’t do both. If we want to grow the American economy we must shrink the government economy. This economic growth strategy worked in Louisiana and it will work in the Wyoming too, if given the chance.
A Rainy Day Fund Raid with a Twist of Sour Lime
Wyoming stands at a fork in the road. Throughout the 2000’s, politicians played Santa Claus with a severance tax bonanza. Saving some of that windfall in a variety of savings accounts mitigated this pork-fest.
Now, as the minerals boom turns to bust, many of our elected representatives look covetously at those savings as a way to shield themselves from the difficult choices involved in limiting government to a level remaining taxpayers can afford to fund.