WPR News
8:51 am
Mon December 8, 2008

Wyoming's revenue forecast will change

Cheyenne, Wy – A co-chairman of the states revenue forecasting group says Wyoming may be in need of some belt tightening. Steve Sommers of the consensus revenue estimating group says lower prices for Wyoming's Gas, oil and coal will mean less money for the state to spend. Sommers says next year's budget may face severe revenue shortfalls, and so he told the legislatures Joint Appropriations Committee that they need to spend carefully this year, or else they could get into a jam in future years.
Sommers told the committee that the revenue picture might deplete some of the current money that is used to pay for K-12 education. After a generally positive revenue forecast in October, Sommers says the national economy will force his group to revise its forecast next month.