Governor Gordon Warns Wyoming Residents of Tough Economic Times
CHEYENNE — Governor Mark Gordon announced Thursday that Wyoming should expect a decline in economic activity this coming fiscal year and the years to follow.
In a press release earlier Thursday, he said some businesses and mines may have to do layoffs, furloughs, salary reductions, benefit reductions, and consider other options as Wyoming could see revenue losses reaching more than $1 billion.
“We have just experienced the largest loss of income in our history, just four years after our second largest loss of income. But, even if every state employee was let go, or if we closed the prisons, eliminated all money going to the courts, and stopped funding persons with disabilities, we would still run out of funds at the end of the biennium,” Gordon said in the press release.
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