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Fri October 17, 2008
Report predicts energy revenue will remain strong
By Bob Beck
Laramie, Wyo. – The latest statewide revenue report is out and it shows that Wyoming will see another large budget increase.
In all, the state is looking at one-point-five billion dollars more than it had at the start of the new two-year budget cycle. The increase comes from energy development in the state.
Despite this, Governor Dave Freudenthal says the national economy shows that Wyoming needs to be cautious with its budget.
Freudenthal says building projects should continue to be a focus. He notes that money for the new prison in Torrington will also be on the list.
The only negative news in the revenue report predicts the state will lose over 80-million dollars in its investments. For that reason, Freudenthal says that the state needs to be conservative with its spending, until the national economy stabilizes.