Wyoming Liberty Group
The Veil of Secrecy is Drawn
When visions of Taj Mahals at the Wyoming Capitol are coupled with state revenues tumbling into the abyss, count on some Wyoming legislators to figure out how to keep on spending. One creative solution is to hide escalating costs in other agency budgets. But burying spending takes the Capitol renovation project in the wrong direction. Instead of creating a legacy debt and higher taxes, the Capitol project must remain transparent and be brought back to a basic renovation, one that Wyoming taxpayers can afford.
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.
The President's State of the Union Address had some whoppers, as others have noted. It did have some things that are true and worth noting. Here for you consideration, a few comments on just the environmental aspects.
Seven years ago, we made the single biggest investment in clean energy in our history. Here are the results. In fields from Iowa to Texas, wind power is now cheaper than dirtier, conventional power.
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.
Maureen Bader and John Birbari discuss Wyoming’s economic forecast and budget shortfall and what to do about it on KVOW Riverton Radio.
When politicians justify handing out public dollars for private benefit, they use the word investment to spin this spending into something more palatable to voters. However, state directed spending in the economy is nothing more than economic central planning in disguise. To stop the growth in central planning in Wyoming, we must bring the state’s role back to that of an umpire, rather than a participant, in the economy.