Casper, Wy – Some lawyers who represent Wyoming workers injured on the job say they plan to press for changes in the way the state's workers compensation program distributes benefits. The state program paid out about $121 million in benefits to injured workers last year. As of November, it had a growing reserve of $937 million.
Some trade associations have told Wyoming legislators that they want to earn a credit on their premiums because of the large reserve.
Cheyenne, Wy – Governor Dave Freudenthal says federal regulations on carbon dioxide are coming and the state should get ready. He asked the joint judiciary committee today (Wednesday) to support two bills that set up the legal structure for storing carbon dioxide underground. "It's important that as this country moves forwards carbon capture and storage that Wyoming have in place a legal framework that represents the interest of the citizens, both in terms of ownership of the land and in terms of regulation of the activity."
Laramie, Wy – The Federal Reserve's cut of a key interest rate today (Tuesday) will not make much of a difference to Wyomingites. That's according to University of Wyoming economist Sherrill Shaffer. He says, on the one hand, smaller banks will not cut the interest rate they pay to customers for keeping money in a savings account because of fierce competition in the industry. He adds that since their overhead costs are not going down as a result of the rate cut by the federal reserve, they're also not able to pass along rate cuts along on the loan rates that they charge borrowers.