Cheyenne, Wy – Broad support for permanently getting rid of the state's tax on food is having an effect on lawmakers. Today (Friday) the House Revenue committee passed a bill to do away with the tax until 2013. The Chair of the committee Pete Anderson did not support this idea last year, and still says it isn't the best policy, but he did vote to get rid of the tax. The bill also sends some money to cities and counties to try and make up for what they lose in sales tax revenue. But, Anderson says smaller counties will see a downturn in total revenue.
Washington D-C – A proposed coal-to-liquids facility near Hanna has entered into a long-term contract to sell all of its low-sulfur diesel fuel to Sinclair Oil Corporation. Sinclair would then market the fuel in the Rocky Mountain region. That announcement comes today (Friday) from Medicine Bow Fuel and Power, which is a subsidiary of D-K-R-W Advanced Fuels. The company is planning to build a one-point-three (B) billion-dollar coal-to-liquids plant at an Arch Coal mine near
Cheyenne, WY – Governor Freudenthal says he doesn't support a proposed constitutional amendment that would allow the state to make direct investments in power plants and power lines. Currently the state constitution doesn't allow such investments. One goal of the amendment would be to encourage construction of cleaner-burning power plants in the state.
Cheyenne, WY – The state is not quite as rich as it was at the end of 2006. New projections for revenue are 250 million dollars lower than estimates done in October. This still leaves the state legislature with 500 million dollars of surplus. The chair of the House Appropriations committee Frank Philp says the drop will have an impact though. Philp says the good news is they funded all the operational expenses of government last year. And even with a downturn in revenue things like the Hathaway Scholarship are still solvent.