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Structural Deficits Present a Challenging Outlook for Wyoming's K-12 Education Funding

Structural Deficits Present a Challenging Outlook for Wyoming’s K-12 Education Funding Grace Foulk © Provided by Cheyenne-Scottsbluff KGWN-TV Wyoming Senators start a hybrid session at the Wyoming State Capitol. CHEYENNE, Wyo. (Press Release) - Wyoming’s K-12 Education (School Foundation Program (SFP) and School Capital Construction Account (SCCA)) are facing a $300 million annual structural deficit. This shortfall owes to rapidly declining coal and natural gas production and prices, which have reduced the State’s funding sources and diminished school district property tax collections. Wyoming funds its schools like most states with property taxes. Wyoming is blessed in that minerals pay 50% of our property taxes, allowing Wyoming residents, old and new, to enjoy the fifth-lowest property taxes in the country.

Cheyenne
Wyoming
United-states
School-capital-construction-account
Education-school-foundation-program
Wyoming-senators
Wyoming-state
Press-release
School-foundation-program
Federal-mineral-royalties
Legislative-stabilization-reserve-account

Wyoming to debate cutting K-12 funding by $100 million to help avoid budget shortfalls

Wyoming to debate cutting K-12 funding by $100 million to help avoid budget shortfalls By Brendan LaChance on February 9, 2021 (Dan Cepeda, Oil City) CASPER, Wyo. The Wyoming Legislature will reconvene their 2021 General Session in March and one of the may topics of debate will be what should be done with K-12 education spending. House Majority Floor Leader Albert Sommers (Sublette County) said during a press conference on Tuesday, Feb. 9 that the legislature will debate a proposal to cut K-12 education funding (provided through the School Foundation Program Account) by $100 million per year. Wyoming Senate and House majority leaders said during the press conference that they expect the work of the legislature this session will be able to ensure a balanced budget for the remainder of the 2021-2022 biennium.

University-of-wyoming
Wyoming
United-states
Dan-dockstader-lincoln
Dave-kinskey-sheridan
Albert-sommers-sublette
Larry-hicks-albany
Jared-olsen-laramie
Dan-cepeda
Oil-city
Committee-on-school-finance-recalibration
School-foundation-program

Senate votes to reduce direct distributions – Sheridan Media

Senate votes to reduce direct distributions – Sheridan Media
sheridanmedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sheridanmedia.com Daily Mail and Mail on Sunday newspapers.

Wyoming
United-states
Mark-gordon
Mark-kinner
Dave-kinskey
Senate-file
School-capital-construction
School-foundations-program
Appropriations-committee
Sheridan-meida
House-district
Legislative-stabilization-reserve-account

'The cliff is looming': Wyoming's deficit to balloon again to ~$885M; local funding in the crosshairs

By Brendan LaChance on February 1, 2021 The Capitol Building in Cheyenne Wyoming surrounded by smoke from the Mullen Wildfire (John Roedel, Cap City News September 26th, 2020) CASPER, Wyo. The Wyoming Senate passed legislation on Friday, Jan. 29 which would reduce direct distributions to local governments by $10.5 million. Cuts in state funding for counties and municipalities is being looked at as a way to help keep the budget deficit from ballooning again in coming years. While cuts to state agencies may shore up Wyoming’s immediate budgetary woes, the deficit to the state’s General Fund, School Foundations Program Account and School Capital Construction Account is forecast to rise again to $75 million by the Fiscal Year 2023-2024 biennium and the shortfall could balloon further to around $885 million by FY 2025-2026.

Fremont-county
Wyoming
United-states
Albany-county
France
Cheyenne
City-of-laramie
French
Cale-case
Ed-cooper
John-roedel
Chris-rothfuss

Report: Wyoming budget shortfall worse than first projected

Report: Wyoming budget shortfall worse than first projected
kpvi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kpvi.com Daily Mail and Mail on Sunday newspapers.

Wyoming
United-states
Luke-reiner
Ashley-harpstreith
Consensus-revenue-estimating-group
Transportation-department
Affairs-interim-committee
Dye-management-group
Center-square
Taxpayers-association
Tax-foundation
Department-of-administration-information-economic-analysis-division
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