Wyoming Liberty Group
Everybody wants the one percent
Did you know the State of Wyoming has more than one fund with handy cash ready for the taking? While most people think of the Legislative Stabilization Reserve Account (LSRA) as the rainy day fund, the state has hundreds of spend-ready funds. One of those, the Strategic Investment and Project Account (SIPA), could act as the source of funds for some of the capital construction projects legislators still want to fund, even as state revenue plummets.
For those who want to spend millions of dollars for elite athletics, hey - give your own money to the Cowboy Joe club. Don’t try to force the taxpayer to pay more for elite athletics. They have other priorities.
Maureen Bader and Gary Freeman talk about the Wyoming Frugality Scorecard and whether Laramie County legislators voted for a bigger rainy day fund raid or to reduce the rainy day fund raid now in the Wyoming budget.
CHEYENNE, WY: The Wyoming Liberty Group released its Budget Frugality Scorecard today, which measures whether Wyoming legislators voted to increase or decrease the general appropriations budget through the budget amendment process. A Frugality Score measures the willingness of legislators to increase or decrease Wyoming’s deficit.
Maureen Bader and Glenn Woods discuss the Frugality Scorecard and the results for Campbell County legislators. Although the overall scorecard for Campbell County looks very pink, two very solid frugal legislators, Scott Clem and Roy Edwards, create a strong green-for-good block to the results.
The attempt to hide the Capitol Renovation cost overrun in another agency budget and fund that overrun with funds destined to demolish a sinking prison was foiled by the State senate and this effort was supported by the House appropriations committee.
Will Wyoming legislators work to reduce the rainy day fund raid - or not? And what else about the amendment process creates concerns? Be sure to listen to find out.