Teton County considers budget cuts
Jackson, WY – Teton County officials have been holding a series of budget meetings this month. They have been discussing cuts of 10 to 30 percent for county agencies. County Treasurer Donna Baur says the cuts are needed because sales tax revenue is down 16 percent from its peak two years ago. She says part of that is due to a slowdown in construction.
"We were experiencing a building boom much like the national economy, and we are currently trending like the national economy, our construction industry has fallen off dramatically."
Real estate prices have also fallen -- with some property values declining by 30 percent. And that has county officials also bracing for a dip in revenue from property taxes.