CHEYENNE, Wyo. (AP) — Gov. Matt Mead is set to deliver his annual State of the State address to lawmakers in Cheyenne on Wednesday morning.

Mead is presiding over Wyoming at a time of transition. State financial analysts warn state energy revenues are likely to stay flat for years to come.

Mead is proposing 6.5-percent budget cuts for state agencies, not counting one-time project funding. The cuts amount to more than $60 million over the coming year out of the $3.2-billion state funds budget the Legislature approved early last year.

Mead is also likely to call on lawmakers to reject the federal government's offer of $50 million to expand the Medicaid program, a key element of the federal Affordable Care Act. Mead has said he doesn't trust federal promises to continue the extra funding.