Wyoming Liberty Group
Guest Writer – Sven Larson
Yesterday I gave an overview of what tax increases we can expect at the state level: tallying up the worst-case, but increasingly likely scenario, we are looking at half-a-billion dollars in higher taxes. This tax shock - which, I repeat, is no longer unrealistic but increasingly probable - would probably be introduced over two years and would come in the form of assorted "small increases" this year and an entirely new tax the year after.
Means to a Legacy of Administrative Excellence
In 2017 Wyoming legislators approved the State Efficiency Report bill. The Wyoming Spending and Efficiency Commission, chaired by Senator Drew Perkins, awarded the contract, and in October a team of former CEO’s and CFO’s from Alvarez & Marsal submitted this draft report. So it was that Wyoming’s legislative branch supported Wyoming’s executive branch to create a legacy of administrative excellence.
Guest Writer – Sven Larson
Between the legislature, Governor Mead, the Wyoming Association of Municipalities and assorted local tax efforts, we as a state could easily be facing half a billion dollars in higher taxes.
Half a billion dollars.
This number represents a worst-case scenario, and until recently I thought of it as just that - an unlikely outer-rim possibility. However, as we move closer to the 2018 legislative session, this worst-case scenario looks increasingly likely. It is now more probable than any scenario where all tax hikes, state and local, will stop at half that number.
by Sven R Larson
Your agenda for the meeting in Thermopolis on August 2-3 is full of proposals to raise taxes and fees on the Wyoming economy. While I don't think anyone expects them all to pass even through your committee, the rich roster of ideas is in itself a source of great concern.
The Interim Revenue Committee will meet May 11th and 12th in Saratoga. On their agenda is yet another proposal to shrink revenues, a Gross Receipts Tax [GRT]. It would also shrink the Wyoming economy and – to kill three birds with one stone – shrink your wallet! They may not notice the thing about shrinking your wallet by an estimated $800 to $1000 dollars a year [about $3,600 for a family of four in direct and indirect costs], but you’d think they would notice the part about shrinking revenues, being the Revenue Committee and all.
Economy Demonstrates Real-Life Impact of Proposed Changes to Sales Tax
February 9, 2017 Cheyenne, WY - On Thursday, Wyoming Liberty Group released its timely reports on Wyoming's fiscal and economic problems as demonstrated by a sophisticated new dynamic model of Wyoming's economy.