State of Wyoming Archives: on Budget & Economy
Make the state the digital asset epicenter of the U.S.
We continue to see success as a leader in digital asset banking. In September, we approved the first Special Purpose Depository Institution (SPDI) bank charter. It was Wyoming's first state bank charter in more than 14 years. We should continue our
efforts to make the state the digital asset epicenter of the U.S. Our delegation and I remain committed to aggressively pushing for the necessary federal actions to assure Wyoming benefits from this important innovation that Wyoming pioneered.
Source: 2021 State of the State Address to Wyoming legislature
Mar 2, 2021
Diversify revenue; fund maintenance projects
Some Republican and Democrat leaders of the 66th Wyoming Legislature share similar visions for what could help diversify the state's economy.
Senate Minority Floor Leader Chris Rothfuss said that he thinks Wyoming has done a good job implementing laws
attractive in the banking sector and that the state should be an attractive site for large wealth funds. Rothfuss said he thinks the state has done a better job diversifying the economy than they have in terms of diversifying revenues the state relies
on for its own budget.
From his perspective, making budget cuts in the short term could actually lead to budget increases over the long haul. He pointed to the example of major maintenance projects, saying that failure to fund maintenance
projects in a timely manner can lead to higher costs in the future. Rothfuss said that he thinks the legislature should look at ways to find additional revenue.
Source: Oil City News on 2022 Wyoming Gubernatorial race
Jan 18, 2021
Cut government spending & reduce our national debt
Q: What government spending would you reduce in order to balance the budget?
A: Cutting government spending and reducing our national debt are among my very top priorities. As a member of the House Appropriations Committee, I stood up to moderate
leadership of my own party to push back against overspending. I will continue to be a fierce budget hawk and work tirelessly to cut spending and reduce the national debt. I support proposals to reduce spending across the board, including the 'Penny Plan.
Source: AFA iVoterGuide on 2020 Wyoming Senate race
Nov 3, 2020
The Heroes Act would save jobs in WY
Ben-David said she backed the Heroes Act, a roughly $3 trillion stimulus package approved by the House in May and left unconsidered by the GOP-controlled Senate. "The state of Wyoming right now is facing a $1.6 billion shortfall, and the Heroes Act that
is lingering on Mitch McConnell's desk has a lot of money that will be allocated to support state government, such that we don't need to fire our state employees," said Ben-David.
Source: WY News Exchange on 2020 Wyoming Senate debate
Oct 9, 2020
Define Rainy Day Account for "steady as she goes"
I believe our best times will come when we assure a reliable and stable fiscal future. It is hard to find a consistent path forward when one chases revenue, hopes for windfall, or reacts drastically to downturns. It is important that we find a course
where "steady as she goes" becomes the watchword.
Wyoming has been responsible in putting together savings that can help stabilize the downturns. If we are to chart our own future, we must also be disciplined and refill and even augment those savings
in the good times.
We must be wise with our savings, using them when we need them. I support a bill to better define the purpose of the Rainy Day Account, or LSRA, so that those nearly $2 billion can be invested in a way that, first and foremost,
assures the money in it will be there for rainy days and second that it can earn incrementally better returns than it does now. This definition will also clarify when, how much, and for what purposes we have set aside these specific savings.
Source: 2019 State of the State address to Wyoming legislature
Jan 9, 2019
Economy needs diversification and promotion
I truly believe Wyoming needs to focus on diversification of our economy. A "one for all, and all for one" direction, with less regulations.
Source: 2018 Wyoming gubernatorial website DahlinForGovernor.com
Sep 18, 2018
- Industrial Hemp, it's not marijuana. It is legal. It has many uses. It will create good paying jobs,
millions in revenues.
- We need to look at USDA meat processing within the state.
- We need to be more aggressive on promoting our state for new business.
- We need to promote and protect our energy and mineral sectors at all times.
Balance budget by living within your means
Ensuring Wyoming has a balanced budget and that our government is living within its means is absolutely essential. This means prioritizing needs versus wants. Wyoming's revenues are down significantly and while recent economic
forecasts have been promising, we are not out of the woods yet. We must rein in our spending today to ensure fiscal stability tomorrow.
Source: 2018 Wyoming gubernatorial website GordonForWyoming.com
Sep 18, 2018
Budget will maximize revenues and cut unnecessary costs
Moving to the topic of economics, Throne said the state needs to be realistic about the future of coal, oil and natural gas. "I support all 3," she said. "But our economic dependence on them has hurt us. What I'd do on the budget side is start with
the really basic question of what do we want to do." Throne said the state should maximize the income of the investment funds, see if the state is spending money it shouldn't be and then talk about if there is a need to change the tax structure.
Source: Rawlins Times on 2018 Wyoming Gubernatorial race
May 2, 2018
We used rainy day fund for rainy days; now make guidelines
Preparation for leaner times has two hallmarks, conservative budgeting and savings. Past and present leaders have wisely done both. Regarding savings, the State has $1.59 billion in the LSRA, the rainy day fund, and nearly $7.4 billion in the Permanent
Mineral Trust Fund. These funds have grown substantially during my time in office. The rainy day fund, of course, is named for rainy days like those we've been experiencing these last couple of years. It's raining. This fund has allowed us to get
through a rough revenue patch, and can do so in the future. Last session our spending from the rainy day fund helped smooth our budget and provide necessary services. Questions remain about the rainy day fund and its use. I continue to believe we
need additional guidelines on the use of this fund that would set parameters and provide our citizens of local governments a better opportunity to refine their budgets by knowing what is the rainy day fund for, and when will it be used.
Source: 2017 State of the State address to Wyoming Legislature
Jan 11, 2017
Cut wasteful spending but increase other spending
Charlie Hardy criticized the Senator Enzi's so-called penny plan, which would cut 1% from total federal spending for three years to balance the budget by 2017.
On June 30, Enzi's campaign sent a press release calling on Wyomingites to support his penny
plan bill by signing their names on the website PennyPlanSolution.com. Enzi has introduced and supported the penny plan in the past.
Hardy, in a statement Wednesday, said the penny plan represents laziness. Some programs should be cut more than
1%, and others need more funding, he said. "Instead of facing the problem of wasteful spending in some areas, it simply punishes all programs and the people who are touched by those programs," he said. Hardy believes that programs benefiting veterans,
senior citizens and children should receive more attention.
A campaign spokeswoman for Enzi said, "If Congress fails to make those tough decisions, then automatic cuts would be imposed to meet the 1% overall reduction."
Source: Casper Star-Tribune on 2014 Wyoming Senate race
Jul 9, 2014
Penny plan: cut spending 1% a year; balanced budget by 2017
Enzi's campaign sent a press release calling on Wyomingites to support his penny plan bill by signing their names on the website PennyPlanSolution.com. Enzi has introduced and supported the penny plan in the past. This year, Enzi introduced the bill June
19. It was referred to the Senate Budget Committee, where it awaits consideration.
Charlie Hardy, Enzi's Democratic opponent, said the penny plan represents laziness. Some programs should be cut more than 1%, and others need more funding, he said.
Hardy believes that programs benefiting veterans, senior citizens and children should receive more attention.
A campaign spokeswoman for Enzi said the national debt is $17.5 trillion, or $55,000 for each US citizen. The penny plan is one in a series of
steps to put the country on a fiscally responsible path, she said. "If Congress fails to make those tough decisions, then automatic cuts would be imposed to meet the 1% overall reduction."
Source: Casper Star-Tribune on 2014 Wyoming Senate race
Jul 9, 2014
Navigated recession while shrinking state government
Looking back at the last few years, we can see our state has navigated some hurdles:
Clearing these hurdles allows us now to enjoy economic growth, higher revenue than was forecasted, and resilient communities. As a state, we have made remarkable progress. Achievements include:improved infrastructure;major broadband
expansion--700% growth in access for students;a pro-growth economic climate, nurtured by outreach efforts, targeted incentives, and support for communities, public-private partnerships, and local economic development groups; andmore efficient
government through merging agencies, consolidating technology services, and reducing the state workforce and state rules.Regarding the workforce, in 2013 we have almost 300 fewer employees than we did when I took office. We are doing more with less.
Source: 2014 State of the State address to Wyoming Legislature
Feb 10, 2014
- recovering from the recession which marked the end of the last decade;
- rebounding from fiscal uncertainties that led to budget reductions of more than 6% last
Fighting Smart: focus on getting results to roll back feds
Q: You talk about "fighting smart." Was the push to defund ObamaCare by linking it to a budget deal fighting smart? Or was it a mistake?
A: When I say fight smart, what I really am focused on is getting results. But you have to know how to do it. You
have to know how you can actually cut these agencies, how you can actually limit the regulation, how you can actually roll the federal government back.
Q: There is not a whole lot of daylight between yourself and Senator Enzi in terms of policy.
Well, yes, except Senator Enzi's been there for 18 years. When you've been there for 18 years, you have to deal with the results, what you've been able to deliver for the people of Wyoming. And if I thought that Senator Enzi, whatever his tactics, would
be able to effectively prevent President Obama from taking the nation down this path to European social democracy--I wouldn't need to be in this race. He hasn't, and there's no sense, frankly, that he will. I think we've got to have a new generation.
Source: Time Magazine interview on 2014 Wyoming Senate race
Nov 21, 2013
Reduce the budget & build up the rainy-day account
Governor Mead's recommendations to the Legislature include:
Source: Press Release on 2013 Wyoming State of the State Speech
Jan 9, 2013
- Build savings
- Reduce the ongoing budget
- Cut the size of government
- Streamline state regulations
- Decide on the funding mechanism for our highways
Change fiscal policies to build up the rainy-day account; and
- Provide funding for major items including wildfires, landfills, local government, the Gillette-Madison water project, UW School of Engineering and employee performance pay.
Remain fiscally conservative without dipping into savings
There are many reasons for this state to remain fiscally conservative. The Senate and the House will decide whether or not you to go into the savings which we have set aside. The budget that I submitted did not go into the savings. We need to be careful.
This has and will continue to be felt on Main Street throughout this country.
I do not see a dramatic change that suggests this is going to be some aggressive and robust recovery. I believe that it is going to be slow; it is going to be difficult.
Part of it is simply the absence of credit availability, particularly for small businesses, and not a matter that I see being resolved very quickly. The state should remain, I believe, fairly conservative.
Source: Wyoming 2010 State of the State Address
Feb 8, 2010
Federal bailout with stake in bailed-out company
Unlike Cynthia Lummis, who opposed the federal bailout, Trauner has expressed reserved support for the idea.
"In return for any purchase of bad assets, we get a share in the company," he continued. "If the federal government buys the bad debt off
of a company, and sells the product off later for profit, the federal government should keep that money. However, if it sells the debt a lesser price, the federal government should receive a stake in the company in order to make up the difference."
Source: NewWest.com on 2018 Wyoming Senatorial race
Oct 16, 2008
Voted for a one-year moratorium on Congressional earmarks
In an effort to stop irresponsible spending, I voted for an amendment during the budget debate this year to place a one-year moratorium on Congressional earmarks. A year off from the frenzy of free funds would be a breath of fresh air for
Congress and for constituents like you who demand to know what is being funded with their money & why. Controlling spending and promoting more efficient use of government funding is only part of properly managing our budget during difficult fiscal times.
Source: 2008 Senate campaign website, www.enziforwyoming.com
Aug 12, 2008
More fiscal conservatism needed in the legislature
A large majority of the voters in Wyoming describe themselves as fiscally conservative, are you one of those? And if so, what does that imply?
In general political terms, that would mean that you believe in the following: efficient and frugal
governmental spending, depending on the private sector to power economic growth, governmental decision making at a level of government as close to the people as possible, respect for private property rights, and perhaps a few additional lesser points.
From the mid 1980’s until the recent past, the fiscal liberals in the Legislature have mostly focused on building governmental agencies whose mission statement is directed towards creating economic development through the spending of taxpayer’s money.
Source: Wyoming Tribune Eagle, “Fiscal Conservatives? Says Who?”
Feb 21, 2005
Spend one-time revenue on one-time expenditures
We must be responsible in how we deal with the forecast surplus. Use one-time funds [such as mineral revenue] to cover unique or non-recurring obligations. I ask your support to do the following:
Source: 2001 State of the State Address to Wyoming Legislature
Jan 10, 2001
- Determine how much of the surplus is sustainable
beyond the next two biennia. I estimate that long-term sustainable revenues will support about $198M per biennium of new spending.
- Set aside reasonable and prudent reserves [including] $72M for a statutory reserve (5% of estimated general fund
receipts) and $50M to expand the Spending Policy Reserve to include mineral income.
- A partial restoration of funds lost by the Water Development: allocate $75M of the one-time funds.
- $65M for endowment funds for the University and our Community
- Spend one-time revenue on one-time expenditures. Don’t fund on-going obligations without the assurance of future revenue.
- I recommend reducing statewide sales and use taxes by a half percent, effective during FY2001 only.
Budget surplus softens opposition to spending
During his 11 years in Congress, Cheney also voted as a fiscal conservative, supporting legislation to balance the national budget, while opposing spending in most areas outside of defense. Embracing the younger Bush’s campaign theme of “compassionate
conservatism,” Cheney said that the nation’s unprecedented budgets surplus gives Republicans “the opportunity I think to go out and do some things that we might have opposed 20 years ago.”
Source: CNN.com, “Opens campaign in Wyoming”
Jul 26, 2000
Page last updated: Oct 14, 2021