Recap of the 2012 Wyoming Legislative Session
The 2012 Budget Session ended March 8, providing funding for local governments, enhanced funding for highways, one-time funding for capital projects, redistricting, K-12 education programming ($1.6 billion) and school capital construction (SF#105, $416 million). The Legislature also passed 114 bills that address a broad range of issues affecting Wyoming residents.
This is the second budget where the state has not had significant excess revenues. The 2012 budget of $3.2 billion is flat compared to the 2010 budget of $3.5 billion. We plan the budget appropriations off of the January CREG (government revenue forecast) projections for 2013-14. Natural gas was projected at $3.25 mcf and currently is at $2.20 mcf, which impacts the bottom line. A $1.00 mcf drop in natural gas results in approximately $245 million less revenue available for the general fund. Consequently, it was necessary to slow government spending, like all Wyoming families and businesses have had to do during these lean years.
Click here for ALL bills that received final action in this 2012 Budget Session. Click here for a list of the bills passed by the 2012 Session (and signed into law) that may be of particular interest to the Sheridan community.
We were successful in saving for the future and we did not increase taxes. But we will look at several programs and funding sources during the interim. Also, we’ve asked state agencies to come back with 4% reductions for the 2014 budget, if revenues do not increase. The Wyoming Legislative website – click here – shows all of the issues that will be studied prior to the General Session that will start January 8, 2013.
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