(Cheyenne, Wyo.) – Governor Matt Mead said revenue to the state is exceeding expectations. He said this means Wyoming has an opportunity to invest in important projects and programs in the next two-year budget. The Wyoming Consensus Revenue Estimating Group (CREG) put out its October forecast today. It showed that revenue to the state’s General Fund exceeded earlier projections by $333 million.
“This revenue certainly covers the standard budget for the ongoing cost of state government. It also allows us to continue to put money in savings while funding such things as raises for state employees who have not seen cost of living salary increases in several years,” Governor Mead said. The Governor is meeting with state agencies to go over their individual budget proposals and will then finalize his budget proposal. That budget proposal will go to the public and lawmakers at the beginning of December.
Governor Mead said he continues to believe that it is important to invest state dollars in cities, towns and counties. “This is a means to keep government closest to the people and I know economic development starts on Main Street and in our communities. Supporting local government has always been and remains one of my priorities,” he said.
The Wyoming Department of Health already has a request for an extra $24 million to cover the cost of mandatory Medicaid expansion under the Affordable Care Act. Governor Mead said he will again back reducing the waitlist for adults and children to enter the developmental disability waiver program. The Governor said that if the funding is available he will ask for more dollars for this program and for those with acquired brain injuries.
The full CREG Report is available online at: http://eadiv.state.wy.us/creg/