General Fund Sees Increase
New numbers from the Wyoming Economic Analysis Division show the state’s general fund standing at about $920-million after an additional $73-million came in during May.
Investment income led the way, contributing 14% more than expected.
Bill Mai is with the Wyoming Economic Analysis Division.
“I don’t know that I would read too much into any of these numbers with the exception probably of investment income which tracked really well,” says Mai. “That can be a pretty volatile revenue category just due to the nature of investment and those markets and the uncertainty of where the stock markets have been for the last few years anyway.”
Mai says the October CREG report will have updated forecasts on revenue, and will hopefully give a better idea on how the state’s money is doing. However, if natural gas and coal continue to drop, it may hurt projections.