Northern Wyoming Daily News - Serving the Big Horn Basin for over 100 years

By Buck McVeigh
Columnist 

Fundamental change needed for Wyoming's revenue sources

 

April 20, 2016



As Wyoming enters a bust cycle potentially more damaging to our economy than previous ones, the time for fundamental change is upon us. It is illogical for state government to continue today’s spending levels without new revenue sources.

The severity of the challenges facing Wyoming is not a mere blip in the revenue stream, as some have suggested. It is staggering, to say the least. To put it into perspective, year-to-date sales and use tax collections are lagging last year by $129.3 million, or 20.3 percent, and severance tax revenue is off by $211.6 million, or 33.7 percent, from a year...



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