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Much of the state's budget is derived from the coal and gas industry. Hence, all our other taxes are low. For the past few years we have been in a budget crisis
by un-devmox 10y ago
Much of the state's budget is derived from the coal and gas industry. Hence, all our other taxes are low. For the past few years we have been in a budget crisis due to the drop in energy prices. The university and public schools in particular are having a real hard time as their budgets continue to be cut.
I'm not sure whether or not if this will pass. Given the current political climate and how broke we are, I've got a bad feeling.
edit: adding source of info about budget shorfall:
http://www.wyomingnews.com/news/gov-matt-mead-says-million-in-budget-cuts-painful/article_de550638-383b-11e6-96bc-73824251ca58.html http://www.wyomingnews.com/news/gov-matt-mead-says-million-i...
- killbrad 10y agoA smart legislature would see the writing on the wall and work to diversify their sources of tax income.
- deleted 10y ago[deleted]
- icebraining 10y agoIt's not like this is free money, though; any increase in tax revenue will just be paid by the electricity consumers, in the form of higher rates, so if the motivation was just to cover the state revenue shortfall, a direct tax on renewable energy would be more sensible. But then again, indirect taxes are politically easier, while a "helping hand" to the local industry looks good on TV.
- megablast 10y agoOh of course, but it is easier to hide that.
- un-devmox 10y agoWyoming is already the only State to tax wind as far as I know. edit, adding a reference: http://www.hcn.org/articles/wyoming-considers-raising-an-already-unique-wind-tax http://www.hcn.org/articles/wyoming-considers-raising-an-alr...