Governor Pushes Rainy Day Fund
Cheyenne, WY – Governor Dave Freudenthal believes the legislature revisit the idea of a Rainy Day Account. Lawmakers formed such an account during the revenue boom of the 1970's. Freudenthal says such a fund makes more sense then putting money into the Permanent Mineral Trust Fund. He says that fund has $270-300 Million going into it by viture of how the state consitution works. Freudenthal thinks the good revenue times will eventually end and the state should have a fund to draw on then for needed operating revenue. He envisions building up an $800 Million Rainy Day Fund over the next 8-9 years.