Governor Mark Gordon says he is not surprised by the Consensus Revenue Estimating Group report on the state budget from Fiscal Year 2020 to Fiscal Year 2024. That report decreases forecast revenues directed to the General Fund and Budget Reserve Account by $185.4 million over the next three fiscal years. Gordon says “Wyoming is accustomed to boom/bust cycles — what economists like to call “market cycles”; but this time I believe we may be experiencing a more fundamental change that will affect how well we can fund government services going forward. “ Gordon says the state will have to find a few new holes in its belt to tighten and the process will not be easy.
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