During the interim LSO, Legislative Service Office, prepared a research document for me which provides a “snapshot” of State Government by comparing what Wyoming General Fund Agency Budgets looked like the last time revenues were at similar levels to those we face currently.
The comparison includes:
- 2001-2002 budget when revenues were $1,576,829,971
- 2003-2004 budget when revenues were $1,985,784,731
- 2017-2018 budget when revenues were projected to be $2,669,000,000
It is worthwhile to note that even with the reduced revenues we:
- Saved $176,704,728 in the 01-2002 biennia
- Saved $31,466,078 in the 02-2003 biennia
- While in a similar revenue climate the 2017-18 budget spends from the LSRA, (Least-squares Regression Analysis).
