Declining state revenue may mean cuts this week
Cheyenne, WY – Wyoming's revenue continues to be less than predicted and it could mean that as legislators negotiate a supplemental budget, that some of it may need to be scrapped. The state forecasting organization is called the Consensus Revenue Estimating group or CREG. Senate Appropriations Committee Chairman Phil Nicholas still doubts if citizens understand how dire the state budget situation is getting: "This is the first time since the 1990's when you stand here today and you know that if the Creg group were to meet today, they would forecast less revenue than we have."
Nicholas has been nervously watching the unusually low energy prices and he is now convinced that some agencies will have to cut their budgets this summer.