Gov Gordon Orders Major Budget Cuts

CHEYENNE, Wyo. (AP) – Wyoming Gov. Mark Gordon says state agencies must immediately cut spending and prepare for even deeper cuts because of an unprecedented hit to revenue projected to be up to $1.5 billion dollars over the next two years

Gordon already has told state agencies to freeze hiring, not proceed with large contracts, and prepare for a 20% cut amid a sharp decline in revenue, primarily in the oil, gas, and coal industries.

Problems started when when coal demand dropped as power plants switched to natural gas, then tanked when the coronavirus pandemic began and electrical production dropped while oil prices hit record lows from a price war between major producers and virtually no travel because of the virus.

Print Friendly, PDF & Email

Related posts