Wyo education committee prefers 'incremental' steps to K-12 funding crisis oilcity.news - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilcity.news Daily Mail and Mail on Sunday newspapers.
◆ Budget included $430 in reductions, No tax increases.
On Monday, March 30, the Wyoming Legislature approved a balanced budget that significantly reduces government spending in response to historic revenue shortfalls created by the pandemic and declining coal, oil and natural gas production and prices. The bill (HB 001) passed with broad bipartisan support in both the House (57-4) and Senate (26-3).
The bill includes approximately $430 million in spending reductions about 96% of the $446 million recommended by the Joint Appropriations Committee. It contains no tax increases.
At the same time, the bill preserves funding for services critical to Wyoming’s vulnerable populations and investments to continue to strengthen and grow our economy, including: the Department of Health and the Department of Family Services; the University of Wyoming and the state’s Community Colleges;
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.
Budget proposals finalized in House, Senate jhnewsandguide.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jhnewsandguide.com Daily Mail and Mail on Sunday newspapers.