CREG

Wyoming’s savings will not be able to offset the state’s cuts in the long-term.

The report also predicts falling sales tax and mineral revenue will cause the state to exhaust its savings within two years.

State chief economist Wenlin Liu tells the Wyoming Tribune Eagle that the oil and gas sector continues to push the state's economy forward.

The report did note an increase in sales and use taxes mainly because of activity in the oil and gas sector.