A new forecast shows that Wyoming revenues continue to fall. The Consensus Revenue Estimating Group, or CREG, says the State of Wyoming will be $150 million dollars short in the current two year budget.
The state is facing unprecedented declines in the coal market, and oil and gas prices are half what they were two years ago. CREG says the shortfall would have been worse if the governor had not cut $250 million from the state budget this summer. But during a Monday news conference, Governor Matt Mead said he doesn’t want to make any more cuts.