Wyoming Liberty Group
As Winston Churchill said, we should never let a good crisis go to waste. Why? Because it creates an opportunity for fundamental change. The fiscal crisis in Wyoming is a good example.
A spoonful of rain won’t help the deficit go down.
The Pew Charitable Trust presented Wyoming’s Revenue Committee its report on the volatility of Wyoming’s tax revenue and its implications for the size of the Rainy Day Fund.
You might wonder why the Pew Charitable Trust is providing this report to Wyoming legislators. Well, in addition to doing it for free, Pew already published a report on tax revenue volatility in the 50 states, so seems a likely choice for a more in depth review of Wyoming. Pew is a nonprofit organization funded from seven individual charitable funds established by Sun Oil Company heirs. Pews goals include improving public policy by conducting rigorous analysis, and informing the public with data that illuminate world shaping issues and trends.