Governor Mead Says Wyoming’s Revenue Is Doing Well
Governor Matt Mead says Wyoming's revenue picture is looking up. Mead says revenues are coming in ahead of forecast in almost every area.
The Governor says that is mainly due to natural gas prices getting above $4.00 on the spot market which is "a big deal." He says the prices not only help natural gas but also coal because it discourages "fuel switching." Governor Mead says Wyoming's investments are also doing better than expected. The Governor says if things continue the way they are, the state should be able to make up the $53 million dollars the state lost when the federal government decided to withhold severance tax monies. He adds the increased revenue will also allow the state to put more money in savings.