Sunday, July 3, 2016

Wyoming State budget cut by $248 million - Matt Mead, Powell Tribune

Wyoming’s state agency budgets are being cut by $248 million over the next two years due to falling energy revenue, according to an announcement Gov. Matt Mead made on Tuesday. Mead told lawmakers in Cheyenne that the sharp declines require cutting the $3 billion state general fund budget that legislators approved earlier this year. This announcement will place the University of Wyoming in financial crisis mode in the coming months as the university seeks to cut programs and positions to make up for the $19 million cut. Northwest College also is preparing for its $1.3 million share of a $20 million budget cut to the state’s community college system, consisting of seven community college districts and the Wyoming Community College Commission.

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