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Wyo education committee prefers 'incremental' steps to K-12 funding crisis

2021 Wyoming budget review

◆ 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;

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.

Budget proposals finalized in House, Senate

Wyoming House leaders eye 'penny for education' tax as last resort to fix $300M annual deficit

CASPER, Wyo. Wyoming's funding model for K-12 education and school capital construction is facing a $300 million annual structural deficit between the