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.