At their meeting Tuesday night, State Representative for House District 40, Mike Madden, gave a short address to the Buffalo City Council, updating them on this year's Legislative session and what they can expect from the Federal and State Governments in the coming months and years.
Madden said budgets are going to be tight in the foreseeable future, using the state's loss of Mine Reclamation Money last year and this year's recent loss of $10 million per month in Mineral Royalty Payments from the Federal Government.
He explains the loss of Mineral Royalty Funds further.
Madden said the Legislature now leaves their session and spends the rest of the year “waiting for the other shoe to drop” as far as what revenue the state will lose next. But he did say Wyoming is in better shape, comparatively speaking, than other states, although money is tighter now than it was just a few years ago.
We will have more on Representative Madden's address to the Buffalo City Council tomorrow.