Your source for news in Hot Springs County
Your source for news in Hot Springs County
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CHEYENNE — Oil prices worldwide suffered a major hit over the weekend, reaching a four-year low in the United States, and the rapid changes in the global economy could have major implications for Wyoming. U.S. oil prices were down by as much as 34% on Monday, largely due to two factors: a price war between Russia and Saudi Arabia, and dropping demand as the coronavirus continues to spread globally. The effects of the rising supply and dropping demand of oil could be felt in Wyoming, where oil extraction is a linchpin of the state’s eco...
by Tom Coulter Wyoming Tribune Eagle Via Wyoming News Exchange CHEYENNE — Two weeks into Wyoming’s five-week legislative session, members of the House and Senate advanced separate versions of the state’s roughly $3 billion budget for the 2021-22 biennium Friday night. The two budget bills were passed out of the chambers on third reading, and differences between the two will be hashed out over the remaining three weeks of the session. Yet before Friday’s vote in the Senate, several lawmakers, including a committee chairman, as well as the lon...
Wyoming Tribune Eagle Via Wyoming News Exchange CHEYENNE — A Republican state lawmaker has introduced a resolution that would encourage the Wyoming Department of Education to offer voluntary gun and hunting safety classes in the state's high schools. If passed during the legislative session that begins next week, Senate Joint Resolution 1 would urge the Game and Fish Commission to collaborate with the Department of Education to create the safety classes as a physical education elective. Sen. Ogden Driskill, R-Devils Tower, the main sponsor o...
CHEYENNE — Members of the Wyoming Legislature’s Joint Revenue Interim Committee rejected a bill to raise the state’s property tax during their meeting Monday in Cheyenne. The bill would have raised the tax rate on real and personal property from 9.5% to 11.5%, a jump that calculates to a roughly 20% increase in taxable property. Under the bill, minerals and industrial property would have been excluded from the increase. In what would have been its final year of implementation in 2024, the tax increase would have brought an extra $122 milli...
An updated forecast for state revenues released Tuesday paints a grim picture of Wyoming’s economic landscape heading into the next decade. Though the Consensus Revenue Estimating Group’s October report shows the state gaining more revenue this year than initially projected, it estimates a $185.4 million drop in revenue for Wyoming over the next three years. Lawmakers received a rundown of the report from CREG co-Chairman Don Richards during the Joint Appropriations Interim Committee meeting Tuesday morning in Riverton. “Going forward, there...
