revenue http://wyomingpublicmedia.org en Affiliate coal sales draw renewed scrutiny http://wyomingpublicmedia.org/post/affiliate-coal-sales-draw-renewed-scrutiny <p></p><p>An unfolding court case might change how Powder River Basin coal is taxed in Montana. Last week, a Montana district court heard oral arguments in a lawsuit pitting Cloud Peak Energy against the state.<br /><br /><br />The state is asking for $3.4 million in back taxes, arguing that Cloud Peak underpaid between 2005 and 2007 by selling to an affiliated company at below-market value.</p><p></p> Thu, 24 Oct 2013 00:12:18 +0000 Stephanie Joyce 48837 at http://wyomingpublicmedia.org Affiliate coal sales draw renewed scrutiny Senate begins debate on lottery bill http://wyomingpublicmedia.org/post/senate-begins-debate-lottery-bill <p></p><p></p><p></p><p>The Wyoming Senate gave initial support to a bill that would allow the state to become part of a multi-state lottery, but not before hearing a lot of questions.&nbsp;&nbsp;</p><p></p><p>Much of the debate centered on how the lottery would be administered and costs surrounding it.&nbsp; Senator Bruce Burns says money raised would go to city and county governments.<br>&nbsp;</p> Thu, 21 Feb 2013 01:16:59 +0000 Bob Beck 36956 at http://wyomingpublicmedia.org Senate begins debate on lottery bill House passes bill to allow Wyoming to join a multi-state lottery http://wyomingpublicmedia.org/post/house-passes-bill-allow-wyoming-join-multi-state-lottery <p></p><p></p><p>Wyoming House passes bill to create state lottery</p><p>Despite concerns that a lottery would be a regressive tax, the State House of Representatives passed a bill that would allow Wyoming to join a multi-state Powerball Lottery.&nbsp;</p><p>It establishes a quasi-corporation that would be tasked with making the lottery profitable.&nbsp; Several lawmakers near border states say that Wyoming is losing money as residents cross state lines to buy lottery tickets.&nbsp;</p> Mon, 04 Feb 2013 19:21:41 +0000 Bob Beck 36188 at http://wyomingpublicmedia.org House passes bill to allow Wyoming to join a multi-state lottery Wyoming Legislature faces budget talks in 2013 session http://wyomingpublicmedia.org/post/wyoming-legislature-faces-budget-talks-2013-session <p>Wyoming House Speaker-elect Tom Lubnau says crafting a supplemental state budget will be the "overriding concern" as lawmakers open the 2013 session tomorrow</p><p></p><p>.</p><p>State financial analysts are warning that Wyoming needs to brace for flat revenues for years to come, given the slumping national demand for coal and increasing natural gas production in other states.</p><p>Gov. Matt Mead presented a budget proposal to lawmakers last month calling for cutting state agency budgets by an average of 6.5 percent.</p> Mon, 07 Jan 2013 11:59:43 +0000 Associated Press 34911 at http://wyomingpublicmedia.org Wyoming Legislature faces budget talks in 2013 session CREG projects $85 million increase in state revenue http://wyomingpublicmedia.org/post/creg-projects-85-million-increase-state-revenue <p>Wyoming got some good news from the latest Consensus Revenue Estimating Group report, but it won’t be enough to stop budget cuts from occurring.&nbsp;&nbsp; CREG reports that state revenue should increase by $85 million, mainly from projected Sales and Use tax revenue.&nbsp;</p><p>But Governor Matt Mead says that will not be enough to keep him from suggesting eight-percent budget cuts to the legislature.&nbsp;&nbsp;</p><p>CREG Co-Chairman Bill Mai says the group is cautious about a downturn in the coal industry, but they remain hopeful about other energy prices.</p> Mon, 22 Oct 2012 23:15:51 +0000 Bob Beck 31758 at http://wyomingpublicmedia.org CREG projects $85 million increase in state revenue In State of the State address, Mead says Wyoming must curb spending http://wyomingpublicmedia.org/post/state-state-address-mead-says-wyoming-must-curb-spending <p>During his state of the state message Governor Matt Mead said that Wyoming is doing well.&nbsp; He said&nbsp;Wyoming does not have the severe budget constraints that other statesface, but that a downturn in projected revenue means that the state has to curb its spending.</p> Mon, 13 Feb 2012 19:10:50 +0000 Bob Beck 19504 at http://wyomingpublicmedia.org In State of the State address, Mead says Wyoming must curb spending Wyo. lawmakers say brace for budget cuts http://wyomingpublicmedia.org/post/wyo-lawmakers-say-brace-budget-cuts <p>Top Wyoming lawmakers are directing state agencies to brace for possible budget cuts.</p><p>Republican Sen. Phil Nicholas, of Laramie, and Republican Rep. Rosie Berger, of Big Horn, are co-chairmen of the Joint Appropriations Committee. They wrote a letter telling state budget officials that agencies should be prepared for cuts ranging up to 8 percent in the coming two-year budget cycle.</p> Tue, 22 Nov 2011 02:05:08 +0000 The Associated Press 15373 at http://wyomingpublicmedia.org Wyo. lawmakers say brace for budget cuts