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Gov. Mead Unveils His Proposed Budget

December 2, 2013 State of Wyoming No Comments
Mead

Governor Matt Mead has submitted his proposed budget proposal for the next two years. In contrast to the steep upward trajectory of state spending over the last decade, Governor Mead’s biennium budget is flat. Governor Mead’s proposal of $3.3 billion in total spending, including one-time and ongoing, is almost identical to what he proposed two years ago and is down from total spending in the last two-year period. This proposal also leaves $219 million available to the Legislature for its priorities and for saving. As such, the budget proposal for the next two years supports the long-standing policy of saving both in permanent and more flexible ways. Right now, Mead says Wyoming has significant savings in various accounts, and returns on those savings contribute to Wyoming’s positive revenue outlook while providing protection against revenue downturns.

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