Wyoming's Revenue Continues to Skyrocket
Cheyenne, Wy – A continued boom in Wyoming's minerals industry
along with low interest rates have helped push tax revenues higher
than expected for the first eight months of the fiscal year.
According to a state report, income to the state General Fund is
62-(M)-million dollars higher than expected so far in fiscal 2004.
That's a jump of 12 percent.
Revenues are up 34 percent on investment earnings and 14 percent
on mineral severance tax income. Sales tax income is up slightly
more than one percent.
State economist Jim Robinson says that prices for natural gas,
oil and coal are all exceeding forecasts.
He says that since September, the state has experienced a
"perfect storm" for energy prices.