In his State-of-the-State address to a joint session of the Wyoming Legislature this Wednesdsay, Mead will propose that 20-million dollars of the new supplemental supplmental budget go to Wyoming’s local governments while also recommending other state agencies cut their budgets by an average of 6.5 percent.
State financial analysts are warning that Wyoming needs to brace for flat revenues for years to come given the slumping national demand for coal and increasing natural gas production in other states.
Mead will also call on lawmakers to approve a 10-cent a gallon increase in fuel taxes, which he said earlier will raise about $70 million a year for state and local road projects.
Mead will give his address at 10 Wednesday morning at the state capital in Cheyenne.
PHOTO: Governor Mead giving his 2012 State-of-the-State address.