CHEYENNE – A new report says that Wyoming’s budget shortfall for fiscal year 2016 could be on the “high end” of April projections.
That means that the shortfall for the fiscal year that ended June 30 could be between $130 million and $150 million.
In April, the Consensus Revenue Estimating Group said the shortfall could be between $110 million and $130 million, but as revenues continue to deteriorate, the shortfall could be even worse.
A final shortfall figure won’t be identified until revenue reports from May and June are received by the state.
Some money exists in the FY 2016 budget to cover some of the shortfall, but it’s not yet known if that will be enough.
The projections issued earlier this year prompted Gov. Matt Mead to order large budget cuts for the current fiscal year that began July 1.
To learn more, read the full story in Wednesday’s Wyoming Tribune Eagle and at WyomingNews.com.