Amid downturn, hint of optimism in Wyoming revenue report
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CHEYENNE (AP) — Wyoming’s latest state revenue forecast contains hints of optimism but still predicts far less money coming in than was the case just a few years ago, before a downturn in fossil-fuel markets.
The Consensus Revenue Estimating Group releases nonpartisan revenue forecasts every October and January. Wyoming officials pay close attention to the reports amid a sharp decline in revenue from taxes and royalties on coal, oil and natural gas development.
The latest report predicts revenue for the 2017-18 biennium will reach nearly $2.24 billion, or $195 million more than CREG pre...
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