Wyoming’s Consensus Revenue Estimating Group or CRES has sounded an alarm with its most current revenue projections.
CRES establishes the boundaries for the legislature’s budgeting process and there are serious warning signs for the state’s long-term fiscal fitness.
The legislature’s joint revenue committee has “widened” the scope of a corporate income tax bill to not only cover the big box corporations but also smaller Wyoming corporations with 100 or more shareholders.
State Representative Cyrus Western serves on the house revenue committee and had this to say…
The revenue committee meets next week in Cheyenne and the corporate tax bill appears to be the largest revenue generating bill being considered.
Perhaps CRES warning may cause lawmakers to look seriously at it’s impact to the state’s long-term fiscal projections.
