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

By Bob Moen
Associated Press 

Forecast sees hike in Wyoming oil taxes, drop in coal taxes

CHEYENNE (AP) — Increasing oil patch activity in Wyoming will generate more tax revenue for the state’s depleted coffers, but the predicted bump in oil tax revenue isn’t near enough to counter the current and expected continued decline in coal and natural gas revenue.

 

January 16, 2018



CHEYENNE (AP) — Increasing oil patch activity in Wyoming will generate more tax revenue for the state’s depleted coffers, but the predicted bump in oil tax revenue isn’t near enough to counter the current and expected continued decline in coal and natural gas revenue.

“We still got a long way to go to cover our deficit,” Rep. Bob Nicholas, co-chairman of the Legislature’s Joint Appropriations Committee, said Monday after hearing the latest projections of state revenue.

The Wyoming Legislature meets next month to craft a new state budget while facing a huge revenue shortfall brou...



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