Wyoming Revenue Update
The July Revenue Update was issued this week. There are three major sources for Wyoming: severance taxes (minerals); sales tax; and interest income(money earned off of accounts). What we are usually looking at in July is whether we are behind or ahead of projections. It looks like we are $51.6 million ahead of projections. This is good news, but not as good as in years past. The last few years, the actual revenue has far exceeded projections because of unexpected mineral income. Part of the bad news in the report is that natural gas is not running as high as it once did. The big suprise to me was how far ahead our investments are doing. They are running about 32% ahead of projections. The next report will be in October and that is the one everyone will be looking to as to whether we will have some extra funds to spend or save in the upcoming session.
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