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Wyoming budget shortfall worse than first projected: Report

Wyoming budget shortfall worse than first projected: Report by Sarah Downey, The Center Square  | December 29, 2020 01:00 PM Print this article The Wyoming Transportation Department (WYNDOT) is facing a budget shortfall nearly three times more than originally projected, a new report by the Dye Management Group estimates, an issue that’s underscoring concerns about the state’s overall tax configuration. “Due to the inequity in our tax structure, Wyoming is beholden to the extractive industries and the volatility of the market,” Ashley Harpstreith, executive director of the Wyoming Taxpayers Association, told The Center Square by email. “Compounded with the impacts of the COVID-19 pandemic and funding our very expensive K-12 funding model, the result has ended in massive shortfalls in revenue that is unable to keep up with our expenditures.”

Committee supports tobacco tax hike

Green River Star - Committee supports tobacco tax hike   December 23, 2020 CHEYENNE – State lawmakers, during a meeting Friday, narrowly advanced a measure to increase excise taxes on cigarettes and moist tobacco snuff, marking one of the only revenue-raising measures to be advanced by a legislative committee during interim meetings this year. The bill, if approved by the Legislature during its regular session next year, would raise the tax on cigarette packs from 60 cents to 84 cents, keeping with inflation since the last time a cigarette tax increase was passed in the state in 2003. It would also increase the tax on moist tobacco snuff from 60 cents per ounce.

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