Bill Mai

News
5:15 pm
Mon October 22, 2012

CREG projects $85 million increase in state revenue

Wyoming got some good news from the latest Consensus Revenue Estimating Group report, but it won’t be enough to stop budget cuts from occurring.   CREG reports that state revenue should increase by $85 million, mainly from projected Sales and Use tax revenue. 

But Governor Matt Mead says that will not be enough to keep him from suggesting eight-percent budget cuts to the legislature.  

CREG Co-Chairman Bill Mai says the group is cautious about a downturn in the coal industry, but they remain hopeful about other energy prices.

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