Wyoming’s Fiscal Responsibility
While many states are wrestling with how to close widening budget deficits, Wyoming lawmakers are determining where to park the state’s surplus. Wyoming is a leading mineral producing state and gets significant revenue from natural gas, coal and other minerals. The Wyoming state budget surplus is more than $1 billion.
Recently reported by the Denver Branch of the Federal Reserve Bank, the current condition of Wyoming’s
economic health and prospects for recovery look promising. Here are a few observations:
• After the contraction of 2009, Wyoming has added more than 3,000 jobs through August 2010
• Residential construction in Wyoming one of the leading states in the U.S.
• Population and labor force losses remain minimal
• Retail activity is improving
• Wyoming will well positioned for economic health entering 2011
