Madden Updates Buffalo Council On Legislative Session

Mike Madden (R-Buffalo), Co-Chairman of the Joint Interim Revenue Committee.
Mike Madden (R-Buffalo), Co-Chairman of the Joint Interim Revenue Committee.

State Representative Mike Madden (R-Buffalo) spoke to the Buffalo City Council during their last meeting, touching on what can be expected during the Wyoming Legislature's upcoming budget session, which is set to begin next month in Cheyenne.

The budget proposed by Governor Matt Mead in December shows about a $330 million deficit, according to Madden, who said that isn't going to bankrupt the state, as they have about $1.5 billion in the Legislative Stabilization Reserve Account (LSRA) that can be used to make up the difference, but the reserves won't last long if the legislature continues to use it for budget deficits.

The bulk of the deficit in the proposed budget is still in educational funding, but Madden said there was some good news concerning direct distribution funding to local governments in the state.

Madden also touched on discussions that will be happening in the upcoming Joint Revenue Committee meetings at the end of the month where they are expecting to discuss the proposed tourism tax, the upcoming CREG Report, and other revenue enhancements.

We will have more on those topics in upcoming stories.

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