State revenues beat predictions
Laramie, WY – Wyoming's revenue picture will increase by 98 million dollars in a year that people thought there would be a decline. The consensus revenue estimating group says the increase is because of a productive 2007. It means lawmakers will still have plenty of money to spend as they head into the legislative budget session. However, the long-term forecast is not as rosy as it has been because of low gas prices. State Economist Jim Robinson adds that gas production cannot increase to offset the prices.
Robinson says forecasters will continue to monitor gas prices closely