Holding The Line On State Spending
CHEYENNE, Wyo. (AP) — Wyoming’s Joint Appropriations Committee has approved a budget that generally calls for holding the line on state spending over the next two years.
The committee voted Wednesday to endorse a $3.2-billion state funds budget for the two-year budget cycle that starts in July. That’s up slightly from $3.1 billion in the current budget cycle.
Gov. Matt Mead late last year had proposed a state funds budget of $3.4 billion in December.
The Joint Appropriations Committee signaled that it expects the state’s financial picture could get worse. It ordered state agencies to prepare for spending cuts that could total 8 percent over the coming two years if falling natural gas prices continue to reduce state revenues.
The committee’s budget recommendation now heads to the full Legislature.