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Wyoming will need to use ~$331M in 'rainy day' dollars each year as legislature fails to pass K-12 funding changes

By Brendan LaChance on April 8, 2021 (Dan Cepeda, Oil City File) CASPER, Wyo. The Wyoming Legislature failed to come to an agreement on how to address a structural deficit for K-12 education funding. With the legislature failing to pass a bill to address the K-12 deficit, Wyoming will need to use about $331 million in “rainy day” fund (Legislative Stabilization Reserve Account (LSRA)) dollars on an annual basis in order to maintain operation, according to House Majority Floor Leader Albert Sommers (Sublette County). A Joint Conference Committee tried to negotiate an agreement on House Bill 173 on Wednesday, but was not able to find a solution that would work for both chambers.

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