Results based on economic modeling in REMI by the Wyoming Department of Revenue.
Results based on economic modeling in REMI by the Wyoming Department of Revenue.
The budget is in a deficit.
-$147.63M
Select Budget Year
Revenue
Revenue
In Wyoming, all property is taxable unless it is specifically exempt.
Federal mineral royalties are paid by extractive industries to the Office of Natural Resources Revenue within the Department of Interior of the federal government.
The largest source of revenue for the state’s general operations is sales and use tax, which is deposited in the General Fund.
The state supplements its tax revenue with investment income from permanent funds.
Severance taxes are paid by extractive industries to the State of Wyoming in return for removing, extracting, severing, or producing any mineral.
Spending
Spending
K-12 education is funded through the School Foundation Program Account.
The Wyoming Department of Health promotes and protects the health of all Wyoming residents through funds from the General Fund and Budget Reserve Account as well as federal funds.
The Legislature appropriates funds intended for the support and maintenance of the University of Wyoming and the state’s community colleges.
These funds are allocated among the Judicial Conduct and Ethics Commission, the Attorney General, and the Wyoming Department of Corrections.
K-12 school district capital construction, major maintenance, and the operations of the school facilities commission and state construction department’s school facilities division are funded through the School Capital Construction Account (SCCA).
These funds are allocated among the Office of the Governor, the Office of the Secretary of State, the Department of Administration & Information, the Wyoming Military Department, and the Department of Audit.
These funds are allocated among the Public Service Commission, the Wyoming Department of Parks & Cultural Resources, the Wyoming Department of Workforce Services, the Oil & Gas Conservation Commission, and the Wyoming Business Council.
The Wyoming Department of Family Services serves children, youth, and families in need of temporary or ongoing financial assistance and/or court-ordered social services.
These funds are allocated among the Department of Agriculture, the Wyoming Game and Fish Department, the Wyoming Department of Environmental Quality, and the Office of State Lands and Investments.
Transportation expenditures include the Department of Transportation payroll, airport improvement grants, contractor payments, professional services, and other costs associated with equipment, utilities, maintenance contracts, statewide cost allocation and telecommunications, among others.