AP 4-25,2016
Wyoming Gov. Matt Mead is directing state agencies to implement sharp budget cuts in response to falling energy revenues.
Mead announced Friday that state agencies must cut their spending by 8 percent below the $3 billion state budget lawmakers worked out earlier this year for the two-year spending cycle that begins in July.
State fiscal analysts released updated figures Friday projecting that revenues could fall up to $130 million below projections for the current fiscal year that runs through this June. Such a maximum $130-million shortfall would represent about 9 percent of the total $1.44 billion total general fund/budget reserve account budget for the fiscal year.
Mead spokesman David Bush said it’s unclear whether the cuts in the new budget cycle would require state government employee layoffs.