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title: Economic - Wyoming Liberty Group - Wyoming Liberty Group - Page 4 - Results from #35
description: Page 4 - Follow the money, it's the best basis for transparency and holding our government accountable. Economic theory, government hygiene and government efficiency are tools we must use to limit government size and spending. Without clear understanding of economics and the bottom line, the people won't be served and backdoor deals in government will go unchecked. - Results from #35
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by Wyoming Liberty Group Staff Wyoming has the nation's highest Government Employment Ratio and the third-highest Government Compensation Ratio. Our state also lacks in industrial diversity. Main finding: Counties where government earnings are a significant share of employee compensation are more industrially diverse than counties with a relatively...
by Wyoming Liberty Group Staff With reference to the recent job losses in Wyoming coal mines, this Report presents a review of employment trends in the private sector since 1990. Main findings: 1) Job growth today is low by historic comparison. 2) In terms of employment, our economy is more diversified now than it was three decades ago. News storie...
By Philip Baron, MBA A draft bill presented to the Joint Revenue Committee in July of 2019, would allow voters in a city to approve a sales tax increase (up to 1%) for up to four years. Tax increases imposed for a specific project would expire if they collect the amount of funding needed for the project before the four-year time period. Right now, ...
by Wyoming Liberty Group Staff The Government Employment Ratio (GER) is one of several measurements of the size of government. Likewise, the Government Compensation Ratio (GCR) is a measurement of the cost of government related directly to the performance of the private sector. Main finding: Wyoming has the largest GER and the second highest GCR of...
by Wyoming Liberty Group Staff Every time I open the Casper Star Tribune I feel the urge to write another "set the record straight" piece. Just last week I had to correct the Tribune's account on the corporate income tax; this week's exhibit of biased reporting is their July 21 story on government spending reform. The article gives the reader a fir...
by Wyoming Liberty Group Staff Government spending in Wyoming is under scrutiny, in part because of proposals to raise taxes as an alternative to spending cuts. This Report examines three spending areas with reference to government charges, calculating the net spending by those areas. Main finding: Because of the net balance between spending on the...
By Philip Baron, MBA Decreased mineral tax revenue has led Wyoming lawmakers to consider raising the tax on wind energy from $1 a Megawatt Hour to $5 a Megawatt Hour. Wyoming is the only state that has a true "Wind Tax" of $1 per kilowatt-hour. When compared to other wind producing states in the West, Wyoming has had a lack of wind development sinc...
by Wyoming Liberty Group Staff It is sometimes suggested that Wyoming needs more government spending per capita because we are a rural state. As recently as on July 21, the Casper Star Tribune suggested as much: According to a 2018 analysis by USA Today, state and local government spending per capita in Wyoming is the second-highest in the nation, ...
by Wyoming Liberty Group Staff The last Weekly Economic Report explained that there had been no visible effect on government spending in Colorado since the introduction of TABOR. This Report looks at the revenue side of the budget. Main finding: The introduction of TABOR has had a limited but statistically visible effect on state revenue in line wi...
by Wyoming Liberty Group Staff The bankruptcy of Blackjewel LLC on July 1st, 2019, led to the closure of their operations in Wyoming at the Bella Ayr and Eagle Butte mines. Around 600 miners were put out of work. These mines generate around $30.4 million1 a year in severance taxes (tax on minerals taken from the ground), and about $15.2 million2 a ...
**Wyoming Liberty Group**
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