Governor Matt Mead submitted his proposed budget proposal for the next two years today. In contrast to the steep upward trajectory of state spending over the last decade, Governor Mead’s budget is flat. Stemming the tide of budget growth of previous years is a priority for Governor Mead.
The budget proposal for the next two years also supports the long-standing policy of saving both in permanent and more flexible ways. Right now, Wyoming has significant savings in various accounts. Returns on savings invested contribute to Wyoming’s positive revenue outlook and provide protection against revenue downturns.
Governor Mead’s proposal of $3.3 billion in total spending, including one-time and ongoing, is almost identical to what he proposed two years ago and is down from total spending in the last two-year period.
The proposal also leaves $219 million available for the Legislature for its priorities and for saving. Governor Mead, within this budget, identifies priorities for the state. These include pay increases for employees (state, judiciary, University of Wyoming, community colleges and K-12 teachers), the unified network, support for local government, and more resources to reduce the waiting list for the developmentally disabled.