deficit

A large deficit will make it harder for Congress to cut taxes or boost spending when the next recession hits, Powell said.

The CBO's estimate is the first to reflect the hard-won budget and debt deal signed into law earlier this month.

Where and how much to cut remains very much an open question.

Forslund says that long-term care currently costs about $130 million a year, and it could more than double by 2030.

City Manager Carter Napier said the amended changes could put Casper in the black by the end of fiscal year 2019.

Council will resume its discussion of the budget at a work session in City Hall, 200 N. David St., at 4:30 p.m. today.

The Subcommittee says Wyoming is faced with a budget phenomenon known as a “double-whammy,”- mineral prices and production are in decline, but the State is still required to provide the same level of education goods and services previously maintained by the energy economy.

Seventeen years ago, city council established a reserve fund to carry the city through boom and bust cycles, and avoid abrupt changes in services.

Employees who accept the offer would receive a cash payment of $50 for every month of continuous service up to 20 years and health care premiums paid through December.

To make ends meet, the City of Casper will tap about $1.6 million of its $26 million in reserves, coupled with a variety of spending cuts.