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.
4% income tax proposal would generate $58 4M annually for Wyoming K-12 education
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Gordon: K-12 education the biggest elephant as Wyoming works to avoid $885M budget deficit
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