Wyoming Investments Earn $27M More Than Expected
LARAMIE, Wyo. (AP) — The state’s investments are doing better than expected.
A June report on the state’s economy through the first quarter of 2012 found that Wyoming’s fund earned $27 million, or 14 percent, more than expected. Total investment revenue was $61.5 million, about 40 percent higher than the first quarter of 2011.
State treasurer Joe Meyer told the Associated Press that the state’s diverse investments have helped in weather the turbulent economy.
The report also found that employment gains in the energy industry have slowed because of a decline in natural gas and coal prices.